Rick Yvanovich/Founder & CEO/
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As the world is heading towards a slow recovery, businesses can expect some unexpected events along the way. Therefore, agility needs to be embedded in every business process, including corporate financial planning.
Being able to utilise timely data to make game-changing decisions is what companies hope to achieve. That is why they look to implementing Business insights tools and a sound BI strategy. The success of an operational BI platform depends on a combination of specific capabilities and technology enablers (Aberdeen, 2010). In this blog, we will go over the first 3 factors: process, organisation and knowledge management.
The previous blog entry has set the scene for the increasing business intelligence demand. It would not be reasonable to shoot straight to the implementation phase without outlining a BI strategy beforehand. This article will point out factors to consider when building a best-in-class business intelligence framework.
Globalisation has made the transition from VAS accounting to IFRS accounting a pressing issue for many organisations. It does not only apply to global companies operating in Vietnam but also to Vietnamese companies with foreign capital investment, which helps increase mutual understanding and trust for foreign investors, who do not have an insider’s knowledge of VAS.
New York (May 24, 2013) – The International Federation of Accountants today announced that the Chartered Global Management Accountant designation—a joint venture of the American Institute of CPAs and Chartered Institute of Management Accountants—has been awarded the top sponsorship for the 2014 World Congress of Accountants by the Consiglio Nazionale dei Dottori Commercialisti e degli Esperti Contabil (CNDCEC).
Intense competition domestically and globally means that only the most capable can stay and thrive. Sometimes a decision can make or break a company’s future. Therefore, business leaders are under greater pressures than ever to perform well by capitalising on the best available methods and tools. Business Intelligence (BI), or Business insights, has been increasingly sought after as a platform to improve core processes that drive performance and profits. This blog looks at some of the most notable trends and findings relating to business insights adoption.
As CEO of information security service provider Integralis, Simon Church makes it his business to know what’s going on in the never-ending fight against cybercrime.
Not long ago, we discussed about the gap between strategy execution and alignment as well as ways to bridge the gap with the Balanced Scorecard. Technology plays an important role in facilitating strategic performance management. A scorecard-enabled solution must support a number of management processes. The critical processes outlined by the Cranfield School of Business (2003) are:
Previous blogs have discussed the important role of accounts payable management to the financial benefits of retail industry and the many advantages of accounts payable automation. Accounts payable automation, workflow, and e-invoicing have been in place for a long time as a remedy for common AP problems due to manual entry. Althought, AP automation can enhance accounts payable management and financial management greatly. However, many companies are still sticking with their manual processes. Why is this? There are certain barriers for AP automation; understanding these obstacles is an important step in overcoming them.
CIMA member DF is not sure whether her situation is classed as an ethical conflict or not. She worked for eight years as a finance manager in a large public sector organisation, including a stint as a manager in the department responsible for procurement, contracts and bids.
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