Introduction In an Internet world where it seems like everyone has a smartphone, with online access to information replacing filing cabinets and paper, both current and former employees expect that payroll-related records will be easily available using either a hand-held device or a personal computer. However, the norm is for companies to eliminate system access […]
Introduction BlackLine Account Reconciliations is one of the most popular solutions utilized by major corporations across the world that automates and standardizes the general ledger reconciliation process. Some of the benefits of this type of solution include automated review and approval workflows, with proper segregation of duties; reconciliation templates and checklists to standardize processes; integrated […]
Introduction While the vast majority of large companies are utilizing some sort of ERP system that includes basic functionality to support the Collections process, this functionality often falls short of meeting the overall needs of the organization. In many cases, companies attempt to modify their process design to mitigate the impact of this lack of […]
Introduction With a wide selection of viable geographic location options in Latin America, many large corporations have chosen to locate significant Shared Services organizations in that part of the world. There are a variety of reasons for doing so, including leveraging an existing company location, a well-educated workforce, favorable labor arbitrage, a well-developed infrastructure, the […]
Introduction With many of the most valuable employees traveling, including senior management and salespeople, having an effective corporate travel policy is critical to managing expenses, and enhancing the experience and effectiveness of key personnel. By including negotiated discounts and leveraging a company’s purchasing power, effective policies can reduce costs, make the travel booking processes more […]
Introduction If you believe the spin about Intelligent Automation, it’s a little bit like adding ping-pong and foosball tables to the breakroom, with free ice cream and soda available all day too. Employees will love it since the new technologies will eliminate the boring parts of their jobs so that they can focus on tasks […]
Introduction With the significant amount of fraud risk associated with the Accounts Payable process, having the proper controls and audit program in place is key to the overall health of this critical function. While there are both internal and external threats to your Accounts Payable organization, the external threat has become increasingly prevalent and sophisticated, […]
Introduction In the new world of Intelligent Automation, with innovative solutions to automate routine tasks that require accessing multiple systems and applications, having a clear process for identifying priorities has never been more important. Because your list of available opportunities will likely number in the hundreds or more, determining what to focus on first and […]
Introduction Delivering high-quality services has been a core tenet for most HR Shared Services (HRSS) operations from their inception. While this is a noble objective, HRSS organizations can find it challenging to make improvements in quality once the initial benefits of consolidation and standardization are realized. Certainly, this quest to improve quality levels has been […]
Introduction To maximize the value of Shared Services, a broader view of how work flows across the enterprise needs to be considered. In most cases, efficiency (or inefficiency) can significantly impact costs not only in Shared Services but for the entire company. Unfortunately, engaging non-Shared Services functions in end-to-end process optimization efforts can be extremely […]