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The Renewed Finance Function: Extending Performance Management Beyond Finance
The role of the finance team has changed recently, due to increased oversight from regulators, more active investors, and company-specific changes in business

function of the management accounts  say sources, the finance function can fulfill an expanded mandate as the steward of both controls and company performance. Says Cathy Cranston, senior vice president of financial strategy at the $16 billion Bank of Montreal, The last few years have been just crazy with governance, with Sarbanes-Oxley, Basel II, and all the rest. And as a result, her company's finance team has had to focus on compliance matters more than it would like. She continues, Our investors are very demanding in terms of the Read More...
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Documents related to » function of the management accounts


The State of the Art in Finance
Thanks to recent accounting scandals and an increasingly competitive environment, many chief financial officers and the finance organizations they lead have

function of the management accounts  cost of the finance function as a percentage of revenue (see Figure 5). Shared Services Holds Down Costs Figure 5: One consumer products company made the move toward shared services and gradually improved the performance of the finance function. The company optimized both IT systems and organization. The person in charge of finance shared services consistently improves the function by measuring and tracking improvements. Its transaction center has become largely automated, freeing up finance employees to Read More...
How Your Project-oriented Business Can Function on a Less Complex, More Industry-standard Chart of Accounts
Most project-oriented businesses are faced with poorly designed, archaic computer systems that have inadequate project reporting and accounting structures. This

function of the management accounts  Your Project-oriented Business Can Function on a Less Complex, More Industry-standard Chart of Accounts Most project-oriented businesses are faced with poorly designed, archaic computer systems that have inadequate project reporting and accounting structures. This can limit the information provided to project managers for project reporting. However, properly designed work breakdown structure (WBS) systems give cost and general accounting the ability to rely on a simpler chart of accounts, while providing Read More...
17 Rules of the Road for Customer Relationship Management
Customer relationship management (CRM) is more than a product@it’s a philosophy. That’s why, when it comes to CRM systems, it’s important to understand all the

function of the management accounts  set and more a function of market presence. Many CRM vendors often get away with charging higher prices for solutions that are no more functional than those from lesser-known or smaller vendors. The bottom line on pricing is that if you find a solution that provides the feature set you're looking for and can grow with your business over time, you're likely making a wise investment. A Smooth Implementation Ensures Success 13. CRM is not for any single department, it's for the whole company. Often, the Read More...
Continuous Data Quality Management: The Cornerstone of Zero-Latency Business Analytics Part 2: One Solution
Most enterprises fight fires with axes, fire hoses, trucks, and hordes of firemen, but the CDQM approach is a smoke detector. It’s far less expensive to put a

function of the management accounts  Depending upon the job function of the user, the interface will provide different views of the scorecard. For example, the CIO might be interested in which systems are generating the most quality problems, while a DBA might be interested in table schema changes that have occurred. Event Processor This is an object interface that allows external applications to communicate events of special interest to the CDQM framework. For example, an ETL job might inform the system that a transfer of a file of 225,003 Read More...
Knowledge Management: The Core of Service Resolution Management
Businesses today need to demonstrate their value to customers by making information that is relevant to them accessible. Hence the need for knowledge management

function of the management accounts  products typically fulfill two functions. KM accommodates self-service, meaning a customer can access a pool of public information that a company accumulates about itself, without the need for live assistance, to have his or her questions answered. Second, KM software helps call center agents to retrieve information from a repository that is often, obviously, larger than what is available to the public (since the aim of live assistance is the same as self-service—to answer customers' inquiries quickly Read More...
Macola ERP Supply Chain Management (SCM): Supply Chain Management (SCM) Competitor Analysis Report
Criteria in this knowledge base pertain to managing supplier, manufacturer, wholesaler, retailer, and customer business processes. Addressing demand management,

function of the management accounts  ERP Supply Chain Management (SCM): Supply Chain Management (SCM) Competitor Analysis Report Criteria in this knowledge base pertain to managing supplier, manufacturer, wholesaler, retailer, and customer business processes. Addressing demand management, warehouse management, international trade logistics, transportation execution, and many other issues for a complete solution, this knowledge base will support your evaluation of an SCM suite. Read More...
ERP in the Cloud and the Modern Business
Businesses are realizing that the cloud is the future of enterprise software and offers many attractive business benefits. But there is much to think about when

function of the management accounts  in the Cloud and the Modern Business Businesses are realizing that the cloud is the future of enterprise software and offers many attractive business benefits. But there is much to think about when evaluating the potential move to a cloud model, especially for core systems like ERP. Download this white paper to review IDC CloudTrack Survey findings, gain expert insight into the challenges and opportunities the cloud presents, and determine which deployment option could provide the biggest benefits for Read More...
Managing the Process of Process: Establishing the Right Goals and Improving Operations and Systems to Hit the Mark
North American process manufacturers face increasing challenges related to heightened security, pricing pressures, global competition, and rising costs. Thus

function of the management accounts  the Process of Process: Establishing the Right Goals and Improving Operations and Systems to Hit the Mark North American process manufacturers face increasing challenges related to heightened security, pricing pressures, global competition, and rising costs. Thus, continuous improvement of processes is imperative to remaining competitive. How close is your company to world-class? And how focused are you on process improvement? Find out how get started on a process improvement strategy that will Read More...
Top Three Learning Management Trends for 2011
Learning management is a growing market in certain geographical areas and within specific industries. The availability of mobile and collaborative learning

function of the management accounts  expect a lot more functionality, increasing demand for mobile access to critical learning-related applications. LMS vendors too are recognizing this demand and beginning to deliver more learning applications for mobile devices to compete with their social network counterparts—e.g., the Apple App Store . While some challenges with mobile computing still remain (see my article on Mobile Learning ), the advent of new technologies has resolved many critical issues. Today, manufacturers of mobile devices Read More...
The Old ERP Dilemma - Should We Install The New Release?
If you have an older ERP system, and you have decided to continue to pay maintenance, you should be getting periodic releases from the vendor. The frequency of

function of the management accounts  Old ERP Dilemma - Should We Install The New Release? What To Know Before You Even Think About It    Before you even start to decide on taking the release, you need to understand some of the realities set by the vendor. Most vendors have a policy about how long they support an old release, but with most, the practice does not follow the policy. You need to probe beyond the policy statement to find out the truth. Remember that the vendor wants you to continue to pay maintenance and if they stop Read More...
Business Performance Management Basics: An Overview of Business Performance Management and Its Benefits to the Organization
Business performance management (BPM) includes setting key performance indicators, using data mining to discover data patterns and using software to help drive

function of the management accounts  vary depending on the function of an organization. A nonprofit company may want to measure the ratio of graduates to overall participation for a specific volunteer training course in order to identify the success of a program. However, a sales-oriented corporation may want to set metrics to identify the amount of revenue generated by return customers. To increase sales, a KPI measuring customer satisfaction and repeat sales might be implemented. For a financial institution, it may be important to set Read More...
Competency Management: the Compass for Strategic Talent Management
This white paper examines how to use a competency-based approach to build behaviors, skills, and knowledge. It explains how to integrate competencies into all

function of the management accounts  system with the flexibility, functionality and upgradability to support robust learning, performance management, compensation planning and succession planning/development. Competencies, however, must change so that the organization's pool of talent to keep up with the skills, knowledge and behaviors needed to stay successful. In other words, building your competency model is a continuing process. To make sure it's a process that also drives continuing improvement, regularly review competencies so they Read More...
The Right Data at the Right Time
Among top-performing companies, nearly half deliver key information to business users when they need it in the moment. Get the details in this infographic from

function of the management accounts  Real-time data, real-time data visibility, Harvard Business Review Analytic Services, Harvard Business Review, real-time supplier information, real-time employee information, real-time customer information, real-time product information Read More...
Seeing the Future in Discrete Manufacturing: Paving the Way for Success
The evolution of global discrete manufacturing is ongoing. How executives at manufacturing companies answer questions and anticipate what will be the right

function of the management accounts  the Future in Discrete Manufacturing: Paving the Way for Success The evolution of global discrete manufacturing is ongoing. How executives at manufacturing companies answer questions and anticipate what will be the right answer six months, a year, or two years from now will determine the success of their company. Infor examines current industry trends and identifies what it believes to be the seven trends producing the greatest stress and change in discrete manufacturing today. Read More...

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