Peeriosity

Implementing Automated Account Reconciliation Technology at a Global Company

The use of automated account reconciliation software, such as Blackline Account Reconciliations, Chesapeake’s T-Recs Enterprise, and Trintech’s Certification (formerly AssureNET), among others, are becoming more prevalent at companies across the globe. With this growing popularity, it is likely that most major corporations will be using one of these solutions in the next few years, which […]

Posted in General Accounting

Increasing Employee Acceptance of Electronic Pay Statements

For years, Payroll organizations have been promoting technologies that can not only reduce the cost of processing but speed up the cycle time for employees to be paid via Direct Deposit, as well as use self-service to review their pay statements. High rates of Direct Deposit are a given for many, but even those with […]

Posted in HR Shared Services

Lessons Learned in Transitioning Shared Services to an Overseas Location

While the benefits of off-shoring Shared Services processes are well documented, the transition can be challenging as companies deal with a wide variety of issues and obstacles, including those related to varying cultures, diverse regulatory environments, rapidly changing levels of labor arbitrage, and wide variances in the maturity of infrastructure. The bottom line – transitioning […]

Posted in Global Business Services

Successfully Consolidating and Standardizing the Travel Expense Process Area

As companies continue to consolidate decentralized operations from across the globe, the necessity to standardize the T&E process becomes quickly apparent. Not only do employees often need to be transitioned to a different card and expense reporting system, but policies also need to be made as consistent as possible and cardholders need the necessary training […]

Posted in Corporate Card

Company Practices in Handling Problem Invoices

Continuous process improvement, reengineering, challenging the status quo, and delighting the customer are concepts that the world’s best companies both embrace and pursue vigorously. For the Purchase-to-Pay process, and specifically for Accounts Payable, navigating the achievement of these objectives is complicated when it comes to the right approach for resolving invoices with obvious errors, including […]

Posted in Accounts Payable

The Benefits of Utilizing Global Process Owners in Shared Services

For companies operating in multiple geographies, effectively coordinating between Shared Service Centers can be a challenging exercise. With the traditional approach, where center organizations operate as independent pyramids that at a higher level all report to the same person, leveraging ideas and technologies between geographies is still often a failed effort, with more than enough […]

Posted in Global Business Services

Successfully Implementing a Continuous Improvement Program in Order-to-Cash

The large number of processes found in a typical Order-to-Cash operation lends themselves very well to being the focus of a Continuous Improvement program. The challenge companies often face is implementing the program properly and then actively nurturing it on a go-forward basis. Recently on a Peeriosity PeercastTM, a major consumer products company with operations […]

Posted in Accounts Receivable

Responsibility for Journal Voucher Posting in a Shared Services Environment

As a service organization, Shared Services’ accountabilities are delivering value (balancing cost and service levels) and identifying ways of further leveraging the Shared Services operating model. The broader objective is to gain efficiencies beyond consolidation through a methodology of continuous improvement that results in more efficient and standardized processes, with much of the activity automated […]

Posted in General Accounting

Transitioning the Master Data Management Function to Shared Services

The move to Shared Services for many large companies with multiple locations and business units has provided tangible benefits that go well beyond cost savings, with improvements to the accuracy and efficiency of many related work processes. As Shared Services organizations have increased the scope of their services, they are increasingly including processes that are […]

Posted in Global Business Services

Tactics to Effectively Manage the Relationship with Your HR Shared Services Outsourcing Provider

Peeriosity research shows that approximately 75% of companies are outsourcing at least a portion of their Payroll process. With any outsourcing, the arrangement comes the need to provide the necessary company oversight for the outsourced processes, and the quality of this oversight can be a critical success factor for the outsourcing arrangement as a whole. […]

Posted in HR Shared Services

Peeriosity Insights: Recent Research Findings Summarized insights. To view detailed research results, contact us to inquire about membership.