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The Benefits and Risks of a Bring Your Own Device (BYOD) Policy

In a world of heightened security, where any access to a company’s systems risks introducing security breaches or viruses, carefully evaluating and setting a policy for the authorized use of employee-owned devices isn’t a trivial exercise.  A decision to allow … Continue reading

Posted in Shared Services Leadership

Controls for Timely Submission of Employee Expense Reports

Timely submission of expense reports by employees can help improve the quality and efficiency of the overall Travel & Expense process.  The longer an employee waits, the more likely there are errors or omissions or lost receipts that require special … Continue reading

Posted in Corporate Card

Lessons Learned from Standing Up a New Shared Service Operation

Transitioning decentralized processes to a Shared Services design can be challenging regardless of which functional areas are being consolidated.  Even companies with prior consolidation experience can run into roadblocks that cause added complexity and delays, with each new project having … Continue reading

Posted in Shared Services Leadership

Creating a Paperless HRSS Environment

While becoming a paperless operation is an important objective for the majority of HR Shared Services operations, actually accomplishing this can be a major challenge.  Legal and regulatory requirements in many countries across the world can be significant obstacles to … Continue reading

Posted in HR Shared Services, Uncategorized

Creating Effective Service Level Agreements for Shared Services

Service Level Agreements (SLAs) are a common tool used during the implementation of Shared Services to set service and performance expectations with operating units.  Over time, the focus and structure of SLAs may change or, in some cases, the use … Continue reading

Posted in Shared Services Leadership

Utilizing Technology to Maximize Efficiencies in Order-to-Cash (O2C)

It is no secret that extensive use of automation is one of the key success factors for any Order-to-Cash operation, regardless of the industry or geographic location.  The challenge for many companies is developing a comprehensive strategy to identify and … Continue reading

Posted in Accounts Receivable

Intercompany Software for Global Recharges and Balancing

For companies with operations around the world, using a structure that includes a large number of legal entities, the process for properly booking transactions for activities that occur between entities can be a daunting task.  Having one Shared Services organization … Continue reading

Posted in General Accounting

Implementing a Cloud-Based Purchase-to-Pay Solution to Streamline Operations

With several innovative cloud-based software solutions designed specifically for the Purchase-to-Pay process area now available, companies have the opportunity to leverage advanced functionality without a large IT investment or a complex implementation project.  Such providers as Ariba, Coupa, and Taulia … Continue reading

Posted in Accounts Payable

Increasing the Scope of Shared Services Record-to-Report Processes

Record-to-Report (R2R) can cover a wide range of internally-focused accounting processes connected with the recording of transactions to comply with financial, legal and tax requirements, with outputs including performance reporting, plus management, legal, tax, and treasury reporting.  Unlike other common … Continue reading

Posted in General Accounting

Effectively Utilizing Materiality Thresholds in Intercompany Accounting

For a large number of companies, Intercompany Accounting processes have improved dramatically over the past decade, with the introduction of large-scale accounting systems capable of booking all sides of a transaction for business units with the same legal entity, in … Continue reading

Posted in General Accounting