The document discusses next-generation expense management for travel and entertainment (T&E) expenses. It finds that best-in-class organizations have driven lower expense processing costs, higher rates of business travel spend under management, and higher rates of policy compliance. These organizations leverage integration, analytics, and mobile capabilities as pillars of their expense management programs. The document recommends that all organizations develop visibility into T&E spending and formalize key expense management processes.
Etude PwC sur l'efficacité de la fonction finance en entreprise (2013)PwC France
http://pwc.to/1b8DlaR
Sont abordés dans cette étude le coût de la fonction finance, sa performance, l'évolution de ses missions, celle de ses équipes, son utilisation des nouvelles technologies, ainsi que les différences existant au sein de cette fonction entre des secteurs d'activité aussi différents que ceux des technologies ou des services financiers.
Day 2 1135 - 1220 - pearl 2 - karthik parvathiPMI2011
1. The document discusses how integrating HR and business processes is key to creating a strong, engaged workforce. It outlines challenges in project management and talent management.
2. An engaged workforce is characterized by increased productivity, retention, and a participatory culture. Recruitment processes were improved using DMAIC methods, reducing cycle time and saving $18 million.
3. Business involvement in performance management, deployment, and competency processes helps with workforce retention. Tools like an ERP system and internal platforms aim to foster participation and engagement.
- Journal clubs are proposed as a way to engage employees and improve retention during economic downturns when projects are reduced. They involve employees studying research papers and sharing learning with peers.
- Benefits include stimulating intellectual growth, improving soft skills like communication, and promoting networking and team spirit. This engagement demonstrates organizational commitment and increases employee motivation and commitment to work.
- A case study found that creating a journal club improved employee motivation levels and engagement with work and the organization.
1) The document describes a risk management framework developed for semiconductor projects that combines elements from project management and failure modes and effects analysis.
2) The framework includes categorizing projects based on time and complexity, then applying a simplified failure modes and effects analysis process to identify risks.
3) The goal is to create a simple and easy to use risk management process that can be effectively applied in concurrent engineering environments common in the semiconductor industry.
This document provides an overview of performance measurement and discusses key concepts. It covers:
- The purpose of performance measurement is to provide perspective on past, present, and future performance to facilitate improvement.
- Indicators should be developed based on goals and track critical success factors over time. Both lagging and leading indicators are needed.
- Indicators can characterize internal vs. external performance and process vs. outcome measures. A balanced set is ideal.
- Performance measurement maturity evolves from basic budget and cost tracking to continuous learning and improvement culture.
EY Human Capital Conference 2012: Service delivery model transformationEY
Current trends and recent experience:
► Challenges affecting HR today
► Anticipated benefits from HR service delivery model
transformation
► HR transformation experience and lessons learned
Cap gemini business process transformation to deliver world class outcomesLoren Moss
Global enterprises face challenges in ensuring consistent best practices and execution across borders due to differences in culture, regulations, and resources. Business process transformation is often needed to maintain competitive advantages. Choosing a transformation partner with a proven methodology, best practices library, and industry experience can help drive successful transformation. The partner's methodology should assess processes, technology, locations, skills, and pricing to optimize operations and deliver world-class outcomes through a controlled implementation.
Etude PwC sur l'efficacité de la fonction finance en entreprise (2013)PwC France
http://pwc.to/1b8DlaR
Sont abordés dans cette étude le coût de la fonction finance, sa performance, l'évolution de ses missions, celle de ses équipes, son utilisation des nouvelles technologies, ainsi que les différences existant au sein de cette fonction entre des secteurs d'activité aussi différents que ceux des technologies ou des services financiers.
Day 2 1135 - 1220 - pearl 2 - karthik parvathiPMI2011
1. The document discusses how integrating HR and business processes is key to creating a strong, engaged workforce. It outlines challenges in project management and talent management.
2. An engaged workforce is characterized by increased productivity, retention, and a participatory culture. Recruitment processes were improved using DMAIC methods, reducing cycle time and saving $18 million.
3. Business involvement in performance management, deployment, and competency processes helps with workforce retention. Tools like an ERP system and internal platforms aim to foster participation and engagement.
- Journal clubs are proposed as a way to engage employees and improve retention during economic downturns when projects are reduced. They involve employees studying research papers and sharing learning with peers.
- Benefits include stimulating intellectual growth, improving soft skills like communication, and promoting networking and team spirit. This engagement demonstrates organizational commitment and increases employee motivation and commitment to work.
- A case study found that creating a journal club improved employee motivation levels and engagement with work and the organization.
1) The document describes a risk management framework developed for semiconductor projects that combines elements from project management and failure modes and effects analysis.
2) The framework includes categorizing projects based on time and complexity, then applying a simplified failure modes and effects analysis process to identify risks.
3) The goal is to create a simple and easy to use risk management process that can be effectively applied in concurrent engineering environments common in the semiconductor industry.
This document provides an overview of performance measurement and discusses key concepts. It covers:
- The purpose of performance measurement is to provide perspective on past, present, and future performance to facilitate improvement.
- Indicators should be developed based on goals and track critical success factors over time. Both lagging and leading indicators are needed.
- Indicators can characterize internal vs. external performance and process vs. outcome measures. A balanced set is ideal.
- Performance measurement maturity evolves from basic budget and cost tracking to continuous learning and improvement culture.
EY Human Capital Conference 2012: Service delivery model transformationEY
Current trends and recent experience:
► Challenges affecting HR today
► Anticipated benefits from HR service delivery model
transformation
► HR transformation experience and lessons learned
Cap gemini business process transformation to deliver world class outcomesLoren Moss
Global enterprises face challenges in ensuring consistent best practices and execution across borders due to differences in culture, regulations, and resources. Business process transformation is often needed to maintain competitive advantages. Choosing a transformation partner with a proven methodology, best practices library, and industry experience can help drive successful transformation. The partner's methodology should assess processes, technology, locations, skills, and pricing to optimize operations and deliver world-class outcomes through a controlled implementation.
Outsourcing in literal terms, means sourcing from outside. The term is increasingly used to refer to sub-contracting of a set of functions or processes by one firm to another, or to a group of individuals. Outsourcing is being pursued as an active business strategy in the current economic scenario, since it enables a firm to focus on core-competency areas. It also frees the firm from resource and labour intensive functions, which are now performed by trained personnel at much lower costs.
A business' choice for using an innovation depends on looking into the variables affecting this use and its favorable circumstances. Innovation deployment significantly influences the way business is led, the optimality of asset usage and increase in the organizations competitive advantage. This research is to identify the role Business Processing Management (BPM) play in selected SMEs in Ghana. The method utilized for this investigation was the descriptive research design. This research is exclusively embraced by the utilization of secondary data. The technique for data analysis will be by the utilization of content analysis. The study revealed that the main principles of BPM implementation in the selected SMEs are commitment from management, customer priority, teamwork, and continuous improvement. The study also showed that BPM has a direct relationship with the productivity of SMEs. The main challenges of BPM on the selected SMEs are the lack of resources, lack of experience in quality management, lack of objectives and strategies, Short term objectives concerns, lack of information technology (IT) experts. Since BPM is a broad and an intense concept that needs to be taken seriously when it comes to SMEs ensuring that the firm produces a high-quality goods and services, it was recommended that SMEs needs to have IT experts who can assist in the integration of BPM in all aspect of the business activities.
operations research homework help,marketing homework help, project management...guest3d3d11f
This document discusses enterprise business management. It begins by explaining that EBM emerged in the 1990s and has become widely used, but some organizations still struggle with implementation. It then discusses several key aspects of successful EBM implementation, including strategic cross-functional management, system thinking, focusing on core competencies, innovative business models, and creating customer value. Specific benefits are highlighted such as decreased costs, improved quality, and shortened product development times. The document emphasizes considering EBM from a holistic, systems-oriented perspective.
This document discusses managing diverse projects for organizational success. It outlines several challenges in managing diverse project teams, including cultural diversity, remote project management, weak ethics, and using traditional tools. It then provides recommendations for developing a global strategy, such as commitment from leadership, collaboration, understanding diverse teams, adopting lean delivery models, and continual improvement. A case study example is also presented of how one organization overcame challenges through implementing solutions like gap analysis and focusing on critical success factors and lessons learned.
The document summarizes a study on the total cost of ownership (TCO) of payroll and human resources (HR) administration for organizations. Three key findings are:
1. Administering payroll, workforce administration, time & attendance, and health & welfare benefits in-house requires a large commitment of resources, typically over $1,400 per employee per year for large organizations and nearly $2,000 per employee per year for mid-size organizations. Hidden costs account for over 50% of the TCO.
2. Contrary to expectations, the TCO of payroll is increasing despite technological advances as organizations focus more on technology than process transformation.
3. Outsourcing payroll and HR functions reduces
Total Cost of Ownership Pricewaterhouse Coopersummersamuels
The document summarizes a study on the total cost of ownership (TCO) of payroll and human resources administration for organizations. Some key findings include:
1) Organizations often underestimate the true costs of administering payroll, benefits, and other HR functions due to hidden costs.
2) Outsourcing multiple HR functions to a single vendor can reduce costs by an average of 32% compared to using multiple in-house systems.
3) Providing employee self-service reduces the TCO of workforce administration by 50% for large organizations compared to those without self-service.
Business Performance Improvement in the Future of WorkDalia Katan
The document discusses nine practices that can help frontline workgroups accelerate performance improvement in three key ways:
1) The practices are meant to provoke workgroups to think differently, propel them to take action, and pull them together for shared outcomes.
2) The practices focus on cultivating learning embodied in action through experimentation and reflection, rather than just sharing existing knowledge.
3) When implemented as a "bundle", the practices are meant to reinforce each other to help workgroups learn faster and have more impact on key performance metrics.
This white paper discusses the importance of measuring return on investment (ROI) for e-learning solutions. It outlines how organizations can calculate ROI to justify e-learning expenditures and compare costs to benefits. The paper also describes SkillSoft's five-level value measurement process, which provides a framework for evaluating e-learning solutions based on reaction, learning, behavior change, business impact, and ROI. Measuring these outcomes enables organizations to demonstrate how e-learning contributes to business goals and improves performance over time.
This presentation explains what merger and acquisition is, How integration is important after merger and acquisition, how it is to be done, what can be the factors of failure, what is the role of an HR during integration and what strategies companies should follow for a successful Post Merger Integration
This document discusses using a "middle-out" balanced scorecard approach to monitor benefits realization in large transformation programs. It begins by describing the typical benefits management lifecycle and framework, including identifying, analyzing, planning and realizing benefits. It then explains how a balanced scorecard is usually designed in a top-down manner at the corporate level but proposes a middle-out approach where individual project scorecards are developed and connected to an overarching program scorecard to track progress towards intended benefits. The document provides an example case study where this middle-out balanced scorecard approach was adopted to monitor a program.
The document discusses workforce performance management (WPM) and Development Dimensions International (DDI) as a WPM vendor. It provides an overview of WPM, noting its benefits include improved strategy execution, employee engagement, performance management, and talent management. The document evaluates DDI's WPM capabilities, finding its strengths are in aligning goals with strategy, viewing employees holistically across their careers, providing consulting expertise, and facilitating change management.
Operating Model PowerPoint Presentation Slides SlideTeam
The document appears to be a template for slides related to describing an operating model. It includes multiple slides with generic titles and text stating that each slide is editable. The slides cover topics like the risk-based business plan, security control framework, governance model, people and process components of the operating model, and more. The template is meant to be customized with a company's specific operating model details.
The Path To Operational Excellence 5 Components Of SuccessNat Evans
The document discusses operational excellence and provides a definition and framework. It argues that operational excellence must be strategically focused on areas where an organization can outperform competitors to provide competitive advantage. It emphasizes that leadership must select a tight focus area and guide implementation, and that operational excellence initiatives should align with strategic goals to ensure support and sustainability. The framework identifies five drivers of operational competitive advantage: safety, asset productivity, human capabilities, process excellence, and supply chain management.
Performance Mgmt in the Professions StudyPaul Lemon
This document summarizes the results of a study on performance management in professional services firms (PSFs). Some key findings include:
1. Forced rankings are rarely used in PSFs, being adopted by only 5% of firms. However, performance ratings are commonly used, with over 55% of firms using them for employees.
2. There is a desire for more frequent formal and informal performance feedback. Currently most firms only provide formal feedback annually, but 70% of respondents felt it should be provided quarterly or semi-annually.
3. Project-based feedback is lacking except in accounting firms, where 'after action reviews' are more common. However, these could provide opportunities for timely feedback
Target Operating Model Strategy Management Governance Organization Leadership...SlideTeam
The document discusses various aspects of developing a target operating model (TOM). It addresses different types of models that can be used to achieve a TOM, including a transformation model, operating model, value model, and business model. It also covers objectives, scope, influencing factors, key dimensions, and design choices to consider for a TOM. Finally, it discusses integrating people, process, and technology components into a TOM.
The Performance Conference will be held May 3-5, 2011 in Chicago, IL. It will feature 12 comprehensive tracks on strategies for driving growth, sustaining results, managing organizational performance, and more. Business executives from various industries will gather to explore ways to overcome challenges in business performance, discover innovations in performance management, process improvement, customer experience, and business intelligence. The conference will focus on performance management systems, measures, metrics, employee performance, and customer experience. Attendees will include C-level executives, directors, managers, analysts, and others involved in business planning, corporate performance, and strategy execution from industries such as financial services, retail, healthcare, technology, and more.
Dr. Elijah Ezendu is an award-winning business expert and certified management consultant with expertise in areas such as interim management, strategy, transformation, and business development. The document discusses IT service development and provides information on typical IT services, the service capability maturity model (CMM), and making the transition to solutions. It outlines five levels of the CMM for organizations providing IT services and describes services such as applications outsourcing, testing, and security. Global trends in outsourcing and Nigeria's potential as an outsourcing hub for West Africa are also mentioned.
[Whitepaper] Aberdeen Research Report: AP Invoice Management in a Networked E...Anybill
The Aberdeen Group just released their newest research report, "AP Invoice Management in a Networked Economy." The report discovered how Best-in-Class companies are leading the way toward improving both the internal and external facets of their financial operations.
1) The document analyzes the strategic value of automating accounts payable processes for companies of various sizes.
2) It finds that while large enterprises have higher adoption of technologies, all companies struggle with paper-based invoices and exceptions.
3) Automating invoice receipt, approval workflows and payments can significantly reduce processing costs and times.
ERP In Manufacturing 2012 - A Study done by Aberdeenakanaran
This document discusses manufacturers' evolving ERP strategies based on a survey of 173 manufacturing organizations. It finds that 92% have implemented ERP to address pressures like reducing costs, managing growth, and improving customer response times. The Best-in-Class outperform peers on key metrics like inventory reduction and on-time delivery. They employ strategies like streamlining processes and linking global operations. Successful ERP implementations require standardizing processes, integrating modules, and providing real-time data and alerts to drive decisions.
Outsourcing in literal terms, means sourcing from outside. The term is increasingly used to refer to sub-contracting of a set of functions or processes by one firm to another, or to a group of individuals. Outsourcing is being pursued as an active business strategy in the current economic scenario, since it enables a firm to focus on core-competency areas. It also frees the firm from resource and labour intensive functions, which are now performed by trained personnel at much lower costs.
A business' choice for using an innovation depends on looking into the variables affecting this use and its favorable circumstances. Innovation deployment significantly influences the way business is led, the optimality of asset usage and increase in the organizations competitive advantage. This research is to identify the role Business Processing Management (BPM) play in selected SMEs in Ghana. The method utilized for this investigation was the descriptive research design. This research is exclusively embraced by the utilization of secondary data. The technique for data analysis will be by the utilization of content analysis. The study revealed that the main principles of BPM implementation in the selected SMEs are commitment from management, customer priority, teamwork, and continuous improvement. The study also showed that BPM has a direct relationship with the productivity of SMEs. The main challenges of BPM on the selected SMEs are the lack of resources, lack of experience in quality management, lack of objectives and strategies, Short term objectives concerns, lack of information technology (IT) experts. Since BPM is a broad and an intense concept that needs to be taken seriously when it comes to SMEs ensuring that the firm produces a high-quality goods and services, it was recommended that SMEs needs to have IT experts who can assist in the integration of BPM in all aspect of the business activities.
operations research homework help,marketing homework help, project management...guest3d3d11f
This document discusses enterprise business management. It begins by explaining that EBM emerged in the 1990s and has become widely used, but some organizations still struggle with implementation. It then discusses several key aspects of successful EBM implementation, including strategic cross-functional management, system thinking, focusing on core competencies, innovative business models, and creating customer value. Specific benefits are highlighted such as decreased costs, improved quality, and shortened product development times. The document emphasizes considering EBM from a holistic, systems-oriented perspective.
This document discusses managing diverse projects for organizational success. It outlines several challenges in managing diverse project teams, including cultural diversity, remote project management, weak ethics, and using traditional tools. It then provides recommendations for developing a global strategy, such as commitment from leadership, collaboration, understanding diverse teams, adopting lean delivery models, and continual improvement. A case study example is also presented of how one organization overcame challenges through implementing solutions like gap analysis and focusing on critical success factors and lessons learned.
The document summarizes a study on the total cost of ownership (TCO) of payroll and human resources (HR) administration for organizations. Three key findings are:
1. Administering payroll, workforce administration, time & attendance, and health & welfare benefits in-house requires a large commitment of resources, typically over $1,400 per employee per year for large organizations and nearly $2,000 per employee per year for mid-size organizations. Hidden costs account for over 50% of the TCO.
2. Contrary to expectations, the TCO of payroll is increasing despite technological advances as organizations focus more on technology than process transformation.
3. Outsourcing payroll and HR functions reduces
Total Cost of Ownership Pricewaterhouse Coopersummersamuels
The document summarizes a study on the total cost of ownership (TCO) of payroll and human resources administration for organizations. Some key findings include:
1) Organizations often underestimate the true costs of administering payroll, benefits, and other HR functions due to hidden costs.
2) Outsourcing multiple HR functions to a single vendor can reduce costs by an average of 32% compared to using multiple in-house systems.
3) Providing employee self-service reduces the TCO of workforce administration by 50% for large organizations compared to those without self-service.
Business Performance Improvement in the Future of WorkDalia Katan
The document discusses nine practices that can help frontline workgroups accelerate performance improvement in three key ways:
1) The practices are meant to provoke workgroups to think differently, propel them to take action, and pull them together for shared outcomes.
2) The practices focus on cultivating learning embodied in action through experimentation and reflection, rather than just sharing existing knowledge.
3) When implemented as a "bundle", the practices are meant to reinforce each other to help workgroups learn faster and have more impact on key performance metrics.
This white paper discusses the importance of measuring return on investment (ROI) for e-learning solutions. It outlines how organizations can calculate ROI to justify e-learning expenditures and compare costs to benefits. The paper also describes SkillSoft's five-level value measurement process, which provides a framework for evaluating e-learning solutions based on reaction, learning, behavior change, business impact, and ROI. Measuring these outcomes enables organizations to demonstrate how e-learning contributes to business goals and improves performance over time.
This presentation explains what merger and acquisition is, How integration is important after merger and acquisition, how it is to be done, what can be the factors of failure, what is the role of an HR during integration and what strategies companies should follow for a successful Post Merger Integration
This document discusses using a "middle-out" balanced scorecard approach to monitor benefits realization in large transformation programs. It begins by describing the typical benefits management lifecycle and framework, including identifying, analyzing, planning and realizing benefits. It then explains how a balanced scorecard is usually designed in a top-down manner at the corporate level but proposes a middle-out approach where individual project scorecards are developed and connected to an overarching program scorecard to track progress towards intended benefits. The document provides an example case study where this middle-out balanced scorecard approach was adopted to monitor a program.
The document discusses workforce performance management (WPM) and Development Dimensions International (DDI) as a WPM vendor. It provides an overview of WPM, noting its benefits include improved strategy execution, employee engagement, performance management, and talent management. The document evaluates DDI's WPM capabilities, finding its strengths are in aligning goals with strategy, viewing employees holistically across their careers, providing consulting expertise, and facilitating change management.
Operating Model PowerPoint Presentation Slides SlideTeam
The document appears to be a template for slides related to describing an operating model. It includes multiple slides with generic titles and text stating that each slide is editable. The slides cover topics like the risk-based business plan, security control framework, governance model, people and process components of the operating model, and more. The template is meant to be customized with a company's specific operating model details.
The Path To Operational Excellence 5 Components Of SuccessNat Evans
The document discusses operational excellence and provides a definition and framework. It argues that operational excellence must be strategically focused on areas where an organization can outperform competitors to provide competitive advantage. It emphasizes that leadership must select a tight focus area and guide implementation, and that operational excellence initiatives should align with strategic goals to ensure support and sustainability. The framework identifies five drivers of operational competitive advantage: safety, asset productivity, human capabilities, process excellence, and supply chain management.
Performance Mgmt in the Professions StudyPaul Lemon
This document summarizes the results of a study on performance management in professional services firms (PSFs). Some key findings include:
1. Forced rankings are rarely used in PSFs, being adopted by only 5% of firms. However, performance ratings are commonly used, with over 55% of firms using them for employees.
2. There is a desire for more frequent formal and informal performance feedback. Currently most firms only provide formal feedback annually, but 70% of respondents felt it should be provided quarterly or semi-annually.
3. Project-based feedback is lacking except in accounting firms, where 'after action reviews' are more common. However, these could provide opportunities for timely feedback
Target Operating Model Strategy Management Governance Organization Leadership...SlideTeam
The document discusses various aspects of developing a target operating model (TOM). It addresses different types of models that can be used to achieve a TOM, including a transformation model, operating model, value model, and business model. It also covers objectives, scope, influencing factors, key dimensions, and design choices to consider for a TOM. Finally, it discusses integrating people, process, and technology components into a TOM.
The Performance Conference will be held May 3-5, 2011 in Chicago, IL. It will feature 12 comprehensive tracks on strategies for driving growth, sustaining results, managing organizational performance, and more. Business executives from various industries will gather to explore ways to overcome challenges in business performance, discover innovations in performance management, process improvement, customer experience, and business intelligence. The conference will focus on performance management systems, measures, metrics, employee performance, and customer experience. Attendees will include C-level executives, directors, managers, analysts, and others involved in business planning, corporate performance, and strategy execution from industries such as financial services, retail, healthcare, technology, and more.
Dr. Elijah Ezendu is an award-winning business expert and certified management consultant with expertise in areas such as interim management, strategy, transformation, and business development. The document discusses IT service development and provides information on typical IT services, the service capability maturity model (CMM), and making the transition to solutions. It outlines five levels of the CMM for organizations providing IT services and describes services such as applications outsourcing, testing, and security. Global trends in outsourcing and Nigeria's potential as an outsourcing hub for West Africa are also mentioned.
[Whitepaper] Aberdeen Research Report: AP Invoice Management in a Networked E...Anybill
The Aberdeen Group just released their newest research report, "AP Invoice Management in a Networked Economy." The report discovered how Best-in-Class companies are leading the way toward improving both the internal and external facets of their financial operations.
1) The document analyzes the strategic value of automating accounts payable processes for companies of various sizes.
2) It finds that while large enterprises have higher adoption of technologies, all companies struggle with paper-based invoices and exceptions.
3) Automating invoice receipt, approval workflows and payments can significantly reduce processing costs and times.
ERP In Manufacturing 2012 - A Study done by Aberdeenakanaran
This document discusses manufacturers' evolving ERP strategies based on a survey of 173 manufacturing organizations. It finds that 92% have implemented ERP to address pressures like reducing costs, managing growth, and improving customer response times. The Best-in-Class outperform peers on key metrics like inventory reduction and on-time delivery. They employ strategies like streamlining processes and linking global operations. Successful ERP implementations require standardizing processes, integrating modules, and providing real-time data and alerts to drive decisions.
Find out what Aberdeen has to say about sustainability. This report serves as a roadmap for companies that are attempting to match environmental and social stewardship to clear, actionable, and measureable improvements to their bottom lines.
Sales and Operations Planning: Integrate with Finance and Improve RevenuesMarcio Thome
The document discusses how integrating sales, operations, and financial planning can help companies improve revenue and performance during economic volatility. It finds that the best-in-class companies are twice as likely to create profit-optimized plans and focus more holistically on supply, demand, and finance. While many companies still focus primarily on demand forecasting and inventory management, best-in-class firms evaluate scenarios, respond quickly to changes, and express plans in terms of revenue and margins. The document also notes that finance organizations see revenue improvement as a key priority and are increasingly involved in integrated planning through S&OP, though greater engagement is still needed.
In fact, the typical company will spend 10% (or more) of its total annual budget on expenses related to business travel in 2014, a factor that has not changed dramatically ovr the past few years. Organizations today must reevaluate existing strategies for travel and expense management, how to overcome key challents, and structure a robust program that balances core competencies and modern technology enablers.
The document discusses accounts payable (A/P) transformation through outsourcing and automation. It finds that enterprises that outsource and automate their A/P functions experience 88% lower invoice processing costs, 52% faster invoice processing times, and 66% higher on-time payment rates compared to others. These "Best-in-Class" enterprises are more likely to standardize A/P operations, utilize shared services centers, and benchmark their processes. The document provides recommendations for enterprises to evaluate their A/P competencies, gain executive support, and implement a shared services center model to achieve better A/P performance.
Building a Business Case for Strategic Meetings Management TechnologySignUp4
This report aims to assist event professionals across the globe in building an effective business case for leveraging technology within their strategic meetings management programs.
Best-in-Class organizations in strategic sourcing source 76% of their total spending through formal processes, 32% based on sustainable approaches, and identify 16% in average yearly savings. They are twice as likely to use scenario optimization and have commodity councils engaged in sourcing. To achieve Best-in-Class performance, companies must establish formal strategic sourcing with standardized processes, leverage e-sourcing to drive higher savings and automate processes, and invest in sustainability initiatives for long-term impacts on savings.
This document discusses expense management strategies for organizations. It defines expense management as an ongoing process of actively managing costs to ensure each dollar spent generates revenue or competitive advantage. The key elements of an effective expense management strategy include: understanding who initiates expenses and why expenses are incurred; using categories to analyze the underlying reasons for expenses; implementing strategic substitutions to reduce or eliminate expenses; establishing performance measures to monitor results; and integrating expense management into human capital strategies to engage employees.
1) The document discusses pragmatic approaches to optimizing operational costs during times of radical change and uncertainty. It outlines a 3 step process of engage and set up, discover and diagnose, and iterative design and implementation.
2) The discover and diagnose step involves defining customer segments, attributing costs, conducting a holistic analysis of the operating model, and identifying cost optimization opportunities across components like customers, processes, partners, organization, locations, and technology.
3) The iterative design and implementation step defines initiatives, establishes waves for iterative delivery, and tracks benefits to realize savings on the bottom line. Various levers are discussed like shifting customers to lower cost channels, reducing failure demand, streamlining processes, rationalizing applications,
This Aberdeen Group report charts how Enterprises are using mobility to help them create a better user environment using mobile devices and applications. The report also benchmarks the best in breed mobile enterprise applications.
The document discusses the Balanced Scorecard framework. It provides background on why organizations struggle with strategy execution and the development of the Balanced Scorecard as a performance management tool. The Balanced Scorecard translates an organization's strategy into objectives and measures across four perspectives: financial, customer, internal processes, and learning and growth. It allows organizations to link strategic objectives, measure performance, and track initiatives.
Best practices in spending analysis - cure for a corporate epidemicNaman Verma
Best practices in spending analysis - cure for a corporate epidemic, this will help users on the learning of Spend Analysis and key factors affecting spend of any organization
Delivering earnings predictability, owning corporate governance, and supporting productivity across the enterprise are among the top challenges faced by financial professionals. Where do financial professionals even begin defining a strategy to embrace these opportunities? The answer to that question may raise more than a few eyebrows: best-in-class travel and entertainment (T&E) expense management
This document summarizes the findings of a research study on onboarding practices conducted by Aberdeen Group in 2011. The study explored how organizations use onboarding tools and processes to manage costs, improve workflows, and set new hires up for success.
The study found that organizations with standardized onboarding processes experienced 54% greater new hire productivity, 50% greater retention, and twice the level of new hire engagement compared to those without. Best-in-class organizations were defined as those with 96% first year retention, 82% of employees meeting performance milestones on time, and 18% improvement in manager satisfaction.
The study identified key actions for success as centralizing and standardizing onboarding, automating processes to
Controlling the hidden costs of informationLarry Levine
As the volume of information flowing through the enterprise increases approximately 60%
a year, there’s no doubt controlling the costs of managing business critical documents is an increasingly formidable challenge.
The document discusses cloud computing and strategies for implementing a vision for transforming a business model using cloud computing. It identifies the Australian Government Information Management Office (AGIMO) as an example of a government IT sector. Key performance indicators, organizational principles, human resource principles, and process management principles are discussed as important for achieving strategic goals and objectives to implement the vision.
2009 11 Business Case For ‘Erp’ In GovernmentFreeBalance
Imagine our surprise when we were invited to speak at the Financial Management Institute Professional Development Week about the value of ERP in government. Why? For one thing, FreeBalance is not an Enterprise Resource Planning vendor. We're a GRP vendor, as we have spoken about frequently in this blog. ERP vendors operate in many vertical markets - FreeBalance provides software for governments only.
Nevertheless, we took up the challenge. The presentation was focused for Government of Canada financial managers, but it is applicable to many countries. We focused on three elements of the Treasury Board Secretariat Investment Planning Policy: value for money, total cost and project governance.
We think that we did a very good job presenting an objective viewpoint. We didn't talk about FreeBalance and how our solutions are more applicable than generic software for governments.
Similar to T&E Expense Management The Best In Class Pillars Of Next Generation Expense Management (20)
T&E Expense Management The Best In Class Pillars Of Next Generation Expense Management
1. T&E Expense Management
The Best-in-Class Pillars of Next-Generation Expense Management
March 2012
Christopher J. Dwyer
~ Underwritten, in Part, by ~