by   |    |   7 minutes  |  in Business Agility, Business Technology, Finance, Strategy

According to the 2016 Finance priorities survey conducted by consulting firm Protiviti, the top priorities for CFOs in the coming year are margin and earnings performance followed by cyber security, strategic planning, forecasting and budgeting. Personally I would add corporate services optimization to that. In addition to this, KPMG in their ‘View from the top’…

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by   |    |   2 minutes  |  in Finance

The concept of shared service centers has been around for a number of years now. But now that they are common, what is the next step to driving out cost from your business? In my post on how to make shared services work for you, I commented that most organizations that are considering shared services…

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by   |    |   2 minutes  |  in Finance

Do you know where every number in your financial reports comes from? One of the underlying requirements of finance is to put controls around the transaction to report processes. This is often referred to as R2R or Record-to-Report. There are all sorts of qualitative measures we can put around reporting (accessible, timely and accurate just…

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by   |    |   2 minutes  |  in Finance

The short answer is – you hope you have some idea! So how are you driving out your corporate risk? No one wants to be in the spotlight like Tesco was last week, announcing that they had overstated profits by £250 million. Without having good risk and governance tools in place, this type of problem…

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by   |    |   2 minutes  |  in Finance

The tailoring of a product to local requirements, by a global (or at least globally aspiring) organization. Glocalization is the tailoring of a product to local requirements, by a global (or at least globally aspiring) organization. Everyone prefers something that has been made especially for you, rather than a copy of what someone else already…

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Shared Services

by   |    |   2 minutes  |  in Finance

We’ve all heard the mantra of ‘reduce cost by using shared services.’ The real question, though, is what activities are worth moving and what should you expect to gain? Most organizations that are considering shared services look at administrative functions to start with. Areas like Accounts Payable, Treasury or even the entire Finance function. The…

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IFS's 2013 financial results

by   |    |   0 minutes Less than a minute  |  in Business Technology, Finance, IFS Radio Network

In this breaking news segment of the IFS Radio Network, IFS CEO Alastair Sorbie and CFO Paul Smith discuss 2013 financial results, including a 20 percent increase in revenue over the previous year. This podcast series is perhaps the easiest way to get news of IFS and insight into critical enterprise resource planning, enterprise asset…

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by   |    |   2 minutes  |  in Finance

Transfer pricing and tax planning have been in the media a lot lately as details emerge of how companies like Amazon, Google, Vodaphone and GlaxoSmithKline proactively limit their tax liabilities by shifting revenue and expenditures across international boundaries. We are told that every organization that can, is managing where their profits are deemed taxable. Repeatedly,…

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