Introduction Results from a recent Peeriosity poll regarding the system utilized to support Travel & Expense processing showed that 80% of our member companies currently utilize the Concur Travel Expense system. This research abstract highlights the experiences of one of those companies in implementing this system and what they have learned in carrying out this […]
Introduction Making improvements to working capital or cash flow requires a clear understanding of the details of current work processes, including fundamentals that include when payment terms begin, and the frequency and timing of payment runs. For example, saying your payment terms are 45 days means different things if the clock starts based on the […]
Introduction When it comes to Intelligent Automation, separating fact from fiction, and knowing the detailed experiences of your peers is critical to achieving the best possible outcomes. Fortunately, members of Peeriosity’s Intelligent Automation best practice research community are well positioned to understand and learn from the actual experiences of leading peers. All within the safety […]
Introduction With so many different approaches companies can take to streamline the Accounting Close process, it can be difficult to determine where to best focus project resources. This research abstract highlights a company that recently shared details about their Accounting Close process and what they have done to improve their operation in this critical area. […]
Introduction Over the past few decades, the Shared Services model has become increasingly popular as more companies adopt this powerful organizational design. As the model has matured, the number of alternative designs has also increased, with a variety of options with varying levels of integration and complexity now available to companies, all with their advantages […]
Introduction Setting up a Center of Excellence for Intelligent Automation can provide companies with the needed infrastructure to design and implement solutions for Shared Services and, in some instances, across a wide range of business processes. While the concept makes sense, the creation of Centers of Excellence is still in its infancy, even in the […]
Introduction Historically, the alignment of the Payroll function has been debated among HR and Finance, and in some cases Treasury, as to where it belongs. Some argue that synergies with HR provide for the best fit, others state that Payroll is a Finance function because it requires analytical skills consistent with higher level accounting responsibilities, […]
Introduction The use of Global Process Owners is an organizational design that has been around for a number of years now and is widely accepted at most companies utilizing a Shared Services organizational structure. While the concept of the Global Process Owner is to provide consistency and standardization in major process areas, such as Purchase-to-Pay […]
Introduction With a One Card program design, many companies have reduced their overall process effort and cost simplified the program administration function and enhanced overall employee satisfaction with their cardholder services. Some of the benefits of the One Card model include higher spend rebates, consolidated account management, enhanced expense reporting, a streamlined data feed, simplified […]
Introduction In the world of Accounts Payable processing for large companies with billions in annual revenue, streamlining processes and eliminating complexity wherever possible is critical. In some cases, the efforts required don’t seem to be justified based on the nature of the transactions performed. For example, the process for administering one-time payments to non-vendors is […]