Best Practices for Improving an Accounting System
Facts You Should Know
Problems often can be traced back to four key areas:
1. How the system was set up
2. How well the processes were married to the technology
3. The type of training people received
4. How well “Best Practices” were applied to the end-to-end processes
Free Whitepapers - www.silverroad.net/finance
• Unlock the Hidden Value in your Accounting System
• Improving Inefficient Accounting Systems
Utilize Process Improvement Methodologies to Improve Accounting by Tom Sonde ...TSONDE
BPM, Six Sigma, TQM, EPM, process mapping, continuous improvement, modeling, change management, and lean are just some of the buzz words currently in vogue.
Rather then define buzz words this session is designed to provide practical every day tips for successfully implementing process improvement initiatives in your organization.
The skills needed to be a good practitioner are not necessarily the same skills required to be successful in performing process improvement work. While some easily transition into process improvement project leaders other find it more difficult. This session will provide helpful tips for both you and your staff.
Learning Objectives
What are the key attributes of successful projects?
How do you approach a process improvement project?
How do you marry best practices, process and technology?
Tom Carlson, formerly of Jefferies and Co. in New York City addresses some of the major problems with accounting departments and details the best practices. Enjoy the show and be sure to check back again soon for more!
Why Do Lean Companies Like Toyota Use Lean Accounting?Brian Maskell
Most manufacturing companies use the old style Standard Cost accounting. Lean organizations use Lean Accounting. Why do lean companies use Lean Accounting?
Tracet can Track, Manage and Comply your fixed assets as per rules. It adheres to Companies Act 2013, IT Act, India. Integrated Barcode Generators, Multiple Books Depreciation, Physical Tagging, Branch wise accounting are few silent features. http://tracet.in
Utilize Process Improvement Methodologies to Improve Accounting by Tom Sonde ...TSONDE
BPM, Six Sigma, TQM, EPM, process mapping, continuous improvement, modeling, change management, and lean are just some of the buzz words currently in vogue.
Rather then define buzz words this session is designed to provide practical every day tips for successfully implementing process improvement initiatives in your organization.
The skills needed to be a good practitioner are not necessarily the same skills required to be successful in performing process improvement work. While some easily transition into process improvement project leaders other find it more difficult. This session will provide helpful tips for both you and your staff.
Learning Objectives
What are the key attributes of successful projects?
How do you approach a process improvement project?
How do you marry best practices, process and technology?
Tom Carlson, formerly of Jefferies and Co. in New York City addresses some of the major problems with accounting departments and details the best practices. Enjoy the show and be sure to check back again soon for more!
Why Do Lean Companies Like Toyota Use Lean Accounting?Brian Maskell
Most manufacturing companies use the old style Standard Cost accounting. Lean organizations use Lean Accounting. Why do lean companies use Lean Accounting?
Tracet can Track, Manage and Comply your fixed assets as per rules. It adheres to Companies Act 2013, IT Act, India. Integrated Barcode Generators, Multiple Books Depreciation, Physical Tagging, Branch wise accounting are few silent features. http://tracet.in
[Webinar] A More Efficient Accounts Payable Function: Implement These Simple ...Anybill
Best practices are all in the details. Ignore those details at the expense of the profitability of the entire organization. It's that important.
In this webinar, Mary Schaeffer of AP Now and Tomorrow discusses:
- The true bottom line cost of ignoring best practices
- Changing best practices and the importance of identifying changes
- Best practices along the entire procure-to-pay process
- The role technology is playing in the best practice arena
- The future of best practices in accounts payable
Stuck In Neutral: Five Reasons Law Firms Fail To ScaleDonnamarieStriano
Has your firm’s growth stalled? Are you struggling to scale your operations or your team? Zola Suite discusses some reasons why a firm may be stuck in neutral, cruising along but not accelerating.
Slideshare os you are not alone_0818_final_compressedMilestone Group
There is a renewed interest within both established and recent outsourcing initiatives in addressing the challenges around NAV Oversight and Backup NAV
Slideshare | NAV Oversight & Backup NAV Challenges. You are not alone...Milestone Group
An insight into the shifting landscape of outsourced fund administration, oversight liability and complying with the regulators, the reliance on spreadsheets and manual processing, and the search for better solutions.
Do you have the right tools to measure your financial performance? Do you know what elements are necessary to guide your business? Based on last year's rave reviews, Autotask's own Chief Financial Officer, Vince Zumbo, will return to lay out the fundamentals of planning and monitoring your financials for success. Vince will be aided by Autotask Product Manager Joe Rourke who will demonstrate how you can apply what you've learned by leveraging Autotask to support your business' optimal financial health. This session is full of tips, templates and insights that are used by financial professionals today and can be used by organizations of all sizes.
[Presenters: Vince Zumbo & Patrick Burns, Autotask]
[Webinar] A More Efficient Accounts Payable Function: Implement These Simple ...Anybill
Best practices are all in the details. Ignore those details at the expense of the profitability of the entire organization. It's that important.
In this webinar, Mary Schaeffer of AP Now and Tomorrow discusses:
- The true bottom line cost of ignoring best practices
- Changing best practices and the importance of identifying changes
- Best practices along the entire procure-to-pay process
- The role technology is playing in the best practice arena
- The future of best practices in accounts payable
Stuck In Neutral: Five Reasons Law Firms Fail To ScaleDonnamarieStriano
Has your firm’s growth stalled? Are you struggling to scale your operations or your team? Zola Suite discusses some reasons why a firm may be stuck in neutral, cruising along but not accelerating.
Slideshare os you are not alone_0818_final_compressedMilestone Group
There is a renewed interest within both established and recent outsourcing initiatives in addressing the challenges around NAV Oversight and Backup NAV
Slideshare | NAV Oversight & Backup NAV Challenges. You are not alone...Milestone Group
An insight into the shifting landscape of outsourced fund administration, oversight liability and complying with the regulators, the reliance on spreadsheets and manual processing, and the search for better solutions.
Do you have the right tools to measure your financial performance? Do you know what elements are necessary to guide your business? Based on last year's rave reviews, Autotask's own Chief Financial Officer, Vince Zumbo, will return to lay out the fundamentals of planning and monitoring your financials for success. Vince will be aided by Autotask Product Manager Joe Rourke who will demonstrate how you can apply what you've learned by leveraging Autotask to support your business' optimal financial health. This session is full of tips, templates and insights that are used by financial professionals today and can be used by organizations of all sizes.
[Presenters: Vince Zumbo & Patrick Burns, Autotask]
Uncover Process and System Improvement Opportunities by Tom Sonde CPA Silve...TSONDE
BPM, Six Sigma, TQM, EPM, process mapping, continuous improvement, modeling, change management, and lean are just some of the buzz words currently in vogue.
Rather then define buzz words this session is designed to provide practical every day tips for successfully implementing process improvement initiatives in your organization.
The skills needed to be a good practitioner are not necessarily the same skills required to be successful in performing process improvement work. While some easily transition into process improvement project leaders other find it more difficult. This session will provide helpful tips for both you and your staff.
Learning Objectives
What are the key attributes of successful projects?
How do you approach a process improvement project?
How do you marry best practices, process and technology?
Improving Inefficient Accounting Systems By Tom Sonde CPATSONDE
Many organizations fail to get the most out of their accounting systems. While the system may work its clear there is significant room for improvement. Most blame the software however in many cases the problem is the result of a combination of a flawed implementation and organizational changes that occurred after the implementation.
The reality is the software you already own and have installed has functionality that is not being used, is being misused and/or is not appropriately married to your processes. This presentation will discuss why your inefficiencies exist and what can be done to resolve them.
Learning Objectives
How can you get more from your accounting system?
How can you improve both your system and related processes?
How do you marry process, technology and best practices?
What are the key areas to focus on?
Significant improvements can be accomplished by:
Properly utilizing built-in functionality
Implementing unused functionality
Marrying day-to-day processes to the system
Applying the appropriate process best practices
A3 Report (Lean Manufacturing template for PDCA), Applied to a project to reduce line down due to lack of returnable boxes.
...
Relatório em formato A3 (Template para o PDCA usado no Lean Manufacturing), aplicado a um projeto de redução de paradas de linha devido falta de embalagens vai-e-vem.
From a WebLink Webinar titled, "Make Your Membership Management Software Pay for Itself." Demonstrates how increases in new member sales, retention and non-dues revenue can turn your membership management system into a revenue generator for your organization.
Business Process Management (BPM) has received increased attention recently, as many organizations view automation as a quick way to reduce costs. In fact, the principal benefits of BPM come from its improvement of process effectiveness, not through reduced headcount. To achieve these benefits, the organization must adopt a staged approach to BPM, proceeding through five steps:
•Identify key target processes for BPM implementation.
•Document processes using standard process notation.
•Refine by reshaping processes to improve effectiveness.
•Automate processes to increase effectiveness, consistency, and efficiency.
•Control processes by monitoring to avoid business issues.
While the stages remain the same from company to company, Info-Tech encourages organizations to choose from three implementation plans that reflect an increasing scale of investment. Use the tools that accompany the set to choose the plan that best matches your organizational and process characteristics.
Blytheco’s Business Process Optimization is an effective tool for keeping your company’s technology in tune with your goals. The Business Process Optimization service allows us to understand your business, so that we may help you do your job better, faster, easier, and more effectively.
We can help you give your business system a “tune-up” and help you evolve as your goals and environment adapt to changing business realities by identifying inefficiencies in current processes and offering cost-effective options to maximize your technology investment.
Discuss about business processes in organizations and related approaches such as business process management and business process re-engineering. Also it highlights about information systems that used to manage processes such as document management systems and ERP systems. And Finally introducing ISO certification.
Welcome to our comprehensive course on the ERP Finance Module, where we will provide an in-depth exploration of this integral component of ERP systems. In this course, we will begin with an overview of the finance module and its diverse functionalities, enabling you to understand its role in managing financial operations within an organization. We will delve into the key features of the ERP finance module, highlighting its ability to streamline financial processes, enhance accuracy, and facilitate timely reporting. Moreover, we will discuss the benefits that arise from implementing the finance module, such as improved financial visibility, enhanced decision-making capabilities, and increased operational efficiency. However, we will also address the challenges that organizations may face during the implementation process and provide strategies for successful adoption. Additionally, we will guide you through the setup of financial controls and reporting mechanisms, including the establishment of chart of accounts, cost centers, and budgets. Managing accounts receivable, accounts payable, and general ledger within the ERP system will also be covered extensively. Furthermore, we will explore the generation of financial reports and the utilization of business intelligence tools for data analysis. Real-world examples of successful implementations will be shared to provide practical insights. By the end of this course, you will have a comprehensive understanding of the ERP finance module, equipped with the knowledge and skills required to leverage its functionalities effectively.
Maximizing-Efficiency-The-Benefits-and-Best-Practices-of-e-AccountingAttitude Tally Academy
In today's dynamic business landscape, staying competitive is crucial. Discover how e-Accounting can help businesses streamline processes and maximize efficiency.
Use full Link: https://www.attitudetallyacademy.com/functionalarea/financial-e-accounting
• Problem: Lengthy and ineffective manual partner onboarding processes burden IT teams. Vendor due diligence and GST compliance checks in India add complexity and time-consuming tasks. Legacy infrastructure and vendor-specific questionnaires further complicate the onboarding process.
• Mission: Clear simplifies finances, saves time, and provides innovative solutions for Indian businesses and individuals. Our seamless vendor onboarding system streamlines procurement, mitigates risks, fosters growth for both our clients and us, through positive supplier relationships.
• Solution: After thorough market research and competitor analysis, I have identified an opportunity to create a comprehensive Clear Finance Intelligent service. This solution automates financial ERP manual tasks and offers customizable workflow capabilities. It not only addresses the Vendor Onboarding challenge but also provides scalability and the ability to build multiple no-code automation solutions for businesses. By streamlining financial operations, Clear aims to enhance efficiency and drive significant time and cost savings.
• Market focus: Large enterprises in India that utilize ERP solutions (Focus for 1st Year Oracle ERP).
• Competitive advantage: Clear Finance Intelligent competitive advantage lies in its unique customization workflow, seamless integration with existing systems, and user-friendly interface. The system's ability to automate document verification, provide risk assessment, and generate valuable insights from its Vendor Risk Management, sets Clear apart from its competitors.
• Target persona: CEO, CPO (Chief Procurement officer), CFO (Chief financial officer)
• Expected returns: In the first year, our target is to acquire 117 enterprise customers.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
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➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
2. Improving your Accounting System
Facts You Should Know
Studies have reported that up
to 90% of organizations are
unhappy with their systems.
Text
This is an
example text
Ouganizations reporting
satisfaction with their system
Ouganizations reporting
dissatisfaction with their
system
Page 2
3. Improving your Accounting System
Facts You Should Know
• One area that receives inadequate
attention is the actual
implementation process
• Many a problem or system
shortcoming might have been
avoided if the implementation
team had addressed the issue
properly
Page 3
4. Improving your Accounting System
Facts You Should Know
Problems often can be traced back
to four key areas:
1. How the system was set up
2. How well the processes were
married to the technology
3. The type of training people
received
4. How well “Best Practices” were
applied to the end-to-end
processes
Page 4
5. Improving your Accounting System
Facts You Should Know
Improvements can be accomplished gradually. A team can focus on
one process area at a time, and most successful projects begin by
focusing on processes that provide a quick win.
Payroll Billing
General Ledger
Consolidations
Accounts Processes Credit &
Payable Collections
Travel &
FP & A
Entertainment
Page 5
6. Improving your Accounting System
Facts You Should Know
• The costs to improve an
accounting system and
related processes are
insignificant when compared
to the total cost of the
ROI system
• The Return on Investment is
usually less than one year
Intangible Benefits
Page 6
7. Improving your Accounting System
Facts You Should Know
System and related
process changes do
not require an army of
consultants
Page 7
8. Improving your Accounting System
Facts You Should Know
Free Whitepapers
Unlock the Hidden Value in your Accounting System
Facts You Should Know
Improving Inefficient Accounting Systems
A Key to Success
www.silverroad.net/finance
Page 8
9. Improving your Accounting System
Facts You Should Know
Thank you for
your attention!
Any Questions?
Tom Sonde, Principal
(973) 722-9304
tsonde@silverroad.net
SilverRoad.net
Page 9