Peeriosity

Real Experiences Implementing Blackline’s Account Reconciliation Software

A significant number of Peeriosity member companies utilize Blackline Systems’ Account Reconciliation software product to replace spreadsheets and improve the transparency, accuracy, and efficiency of the reconciliation process. While Peeriosity does not allow vendors to market their products, we do provide members with the opportunity to share their experiences regarding specific vendors, products, and services. […]

Posted in General Accounting

Lessons Learned Implementing a New T&E System

When implementing a major new system, the greatest benefits can only be achieved when you keep in mind that streamlining work processes and understanding the impact of the implementation on the overall end-to-end process is as important as getting the new system up and running. However, it isn’t only a matter of deciding whether or […]

Posted in Corporate Card

Streamlining Purchase-to-Pay to Eliminate Work in Accounts Payable

In Purchase-to-Pay, it is the exceptions to the process that requires most of the effort by the Accounts Payable team, often with a ripple effect across the entire end-to-end process. Even companies who have successfully automated most of their direct material transactions with high rates of electronic payments continue to struggle with the biggest frustration […]

Posted in Accounts Payable

Using Electronic Pay Statements (Pay Stubs) for Big Savings in HR Shared Services

Implementing electronic pay statements is one of the biggest savings opportunities that exist in Payroll, with a potential savings of multiple dollars for every paycheck issued. Implementing doesn’t mean “electronic in addition to paper”; it means eliminating the cost and headache of creating, printing, and distributing paper pay statements. If your company’s statistics are good […]

Posted in HR Shared Services

Annual Shared Services Structure Benchmarking Highlights

Peeriosity members recently participated in an annual benchmarking survey within the Shared Services Leadership research area. The survey includes information on 28 specific services that are candidates for Shared Services and gathers, by company, data on the current functional owner of the service, geographic delivery model, level of standardization, and the sourcing of labor. Peeriosity […]

Posted in Global Business Services

Increasing Accounts Payable Efficiency with Evaluated Receipts Settlement (ERS)

The idea of Evaluated Receipts Settlement – making payment based on receipt information without matching to an invoice – is an approach that’s been around for decades, most notably cited in the 1993 best seller, “Reengineering the Corporation”, by Michael Hammer and James Champy. The concept is simple: If your Purchasing Department and your suppliers […]

Posted in Accounts Payable

Implementing Global Process Ownership in the Order to Cash (O2C) Process

Coordination of end-to-end work processes can be complex as activities cross geographic, functional, and reporting lines. Managing the organizational matrix of process efficiency has been compared to “herding cats”. However, many companies that have taken on this challenge have been greatly rewarded with reduced costs, improved timeliness, and quality. Implementing global process ownership is often […]

Posted in Accounts Receivable

Shared Services Charge-out Methods for Core and Incremental Services

Ask a Shared Services leader their philosophy on charge-out methodology and you are likely to hear diverse opinions ranging from “charge-outs don’t add value, so why bother” to “charge-outs drive value-creating behavior – the more detail the better” and everything in-between. Recently, a Peeriosity member performed custom research using iPolling1 functionality to request feedback from […]

Posted in Global Business Services

Business Continuity Planning for HR Shared Services

Shared Services Payroll leaders know that paying employees on time is non-negotiable regardless of the circumstances. A Business Continuity Plan (“BCP”) can ensure your payroll processes can execute on time and accurately regardless of any unplanned interruptions. A Peeriosity PeercastTM in the Payroll research area featured a global company that processes its payroll in-house. […]

Posted in HR Shared Services

Driving Accounts Payable Efficiency through Electronic Invoicing

There are many ways of reducing the cost of processing Accounts Payable transactions, including labor arbitrage. However, some organizations have focused their efforts on driving efficiency in the Procure-to-Pay process (P2P) through electronic invoicing resulting in significantly reduced labor, as well as increased efficiency throughout the process. A Peeriosity PeercastTM in the Accounts Payable research […]

Posted in Accounts Payable

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