Rebooting Business Process Strategy to OutcompeteSSFIndia1
This document discusses rebooting business process strategy to outcompete. It highlights that today's excellence will be tomorrow's mediocrity due to a changing world. Differentiators for sustainability include business performance focus, a strategic BPM vision, digital agenda linkage to BPM, making process delivery decisions, and moving up the relationship value chain. A process maturity model is presented that defines six key parameters to assess processes: documentation, risk management, metrics, stability, automation, and management control.
Young finance and accounting professionals prioritize career progression and developing new skills when deciding whether to stay at a company. The workforce is increasingly mobile, with half of respondents having been in their current role for less than two years and over a third wanting to change jobs within a year. While opportunities to learn new skills are available, over 40% find career progression opportunities are worse than expected. Employers need to develop clear career paths, promote their shared services brand, adopt new technologies, provide rotations, mentoring, learning, and prioritize internal promotion to attract, retain, and develop talent.
This document discusses the need for boundaryless finance in the new digital era. It outlines three main points:
1) Setting the context for how rapid technological changes are requiring finance to leapfrog to new operating models that can deliver value beyond traditional boundaries.
2) The new realities of real-time data, automation, and the blurring of boundaries between functions require new talent models and a focus on data, digital, and financing technology for business.
3) The way forward involves developing habits like connecting with innovators, focusing on the customer experience, and getting comfortable with uncertainty to help steer change and make boundaryless finance the new normal.
Rebooting Business Process Strategy to OutcompeteSSFIndia1
This document discusses rebooting business process strategy to outcompete. It highlights that today's excellence will be tomorrow's mediocrity due to a changing world. Differentiators for sustainability include business performance focus, a strategic BPM vision, digital agenda linkage to BPM, making process delivery decisions, and moving up the relationship value chain. A process maturity model is presented that defines six key parameters to assess processes: documentation, risk management, metrics, stability, automation, and management control.
Young finance and accounting professionals prioritize career progression and developing new skills when deciding whether to stay at a company. The workforce is increasingly mobile, with half of respondents having been in their current role for less than two years and over a third wanting to change jobs within a year. While opportunities to learn new skills are available, over 40% find career progression opportunities are worse than expected. Employers need to develop clear career paths, promote their shared services brand, adopt new technologies, provide rotations, mentoring, learning, and prioritize internal promotion to attract, retain, and develop talent.
This document discusses the need for boundaryless finance in the new digital era. It outlines three main points:
1) Setting the context for how rapid technological changes are requiring finance to leapfrog to new operating models that can deliver value beyond traditional boundaries.
2) The new realities of real-time data, automation, and the blurring of boundaries between functions require new talent models and a focus on data, digital, and financing technology for business.
3) The way forward involves developing habits like connecting with innovators, focusing on the customer experience, and getting comfortable with uncertainty to help steer change and make boundaryless finance the new normal.
Digital tools have helped automate and streamline many finance processes, reducing time and costs. Robotic process automation was implemented for invoice processing, accounts payable, general ledger, and other tasks, achieving 50-80% time savings. Management dashboards provided real-time analytics. The COVID-19 pandemic initially disrupted operations but the finance shared services team adapted to working remotely within 3-4 months. A hybrid work from home/office model is now seen as more effective. Further digitization efforts aim to eliminate paper from supplier invoices, payments, utility bills and other transactions.
This document summarizes 3 major procurement trends for 2019:
1) Labor shortages in procurement due to an aging workforce and lack of supply chain education programs, exacerbating a deficit in supply chain professionals. Automation can help address this by performing up to 60% of routine tasks.
2) Growing emphasis on corporate social responsibility and sustainability driven by millennial preferences, with 95% of S&P 500 companies now publishing sustainability reports compared to only 25% in 2011. This is an opportunity for procurement to recruit talent.
3) Increasing geopolitical and supply chain risks from trends like tariffs, Brexit, cyberattacks and natural disasters. Procurement must assess supplier financial health, logistics, and diversity to
The document discusses the future of procurement and supply chains. It outlines several key changes:
1) Procurement will dissolve and become more integrated with business units and the overall supply chain strategy. The focus will shift from cost savings to innovation, collaboration, and profitability.
2) Supply chains will take on a wider strategic scope and help drive innovations, strategic planning, and alternate sourcing solutions. Suppliers will segment and develop customized programs.
3) Processes will become more automated through tools like predictive analytics, cognitive computing, and outsourcing transaction processing. Suppliers will offer transparent pricing on cloud-based platforms.
Creating the Foundation for Digital LeapfroggingSSFIndia1
The document discusses creating a digital foundation for finance through data standardization and a Central Finance core implementation of SAP. It states that fixing core data and processes is needed to deliver digital transformation value. It recommends that finance lead in establishing a master data management strategy, allocating resources to data governance, and deploying technology for better quality data. A Central Finance core with standardized data and real-time ERP connections could enable efficient decision support through a single analytics platform, establishing data as a strategic asset with global standardization and governance.
SRF Limited established a shared services center to consolidate accounting processes across its business units. A feasibility study determined it was the right time and strategy. The center launched in September 2015, managing accounts payable, payroll, and bank reconciliation. Challenges included change management and document flow changes. Metrics and SLAs were established to track performance. The center helped standardize processes and create efficiencies despite some transitional challenges.
Preparing for Your Oracle, Medidata, and Veeva CTMS Migration ProjectPerficient, Inc.
There are multiple reasons why companies migrate to a new clinical trial management system (CTMS). Still, the two most common are mergers and acquisitions (i.e., CTMS consolidation) and the desire to switch CTMS vendors. Regardless of the reason, many of the best practices, processes, and tools are the same.
In this webinar, we looked at the migration approaches taken across several case studies. You’ll come away with an understanding of:
Pros and cons of each CTMS migration method
Types of migration tools, including APIs, ETL tools, and adapters
Approximate timelines and costs associated with each migration method
The topics discussed in this webinar can be applied to any CTMS migration project, whether you’re moving to or from Oracle’s Siebel CTMS, Medidata’s Rave CTMS, and Veeva’s Vault CTMS.
Presented by Mr Robi Iskandar, Senior Manager, Enterprise Architecture & Transformation, Aviva Asia, at our 18th Architecture Community of Practice on 14 November 2017.
Evolving from Process Excellence to Innovation: Supporting Digital AgendaSSFIndia1
This document summarizes Everest Group's services and expertise in advising global companies. It discusses how Global In-house Centers have evolved from focusing on cost reduction to also supporting innovation and new digital services. GICs are well-positioned to support enterprises' digital agendas across areas like analytics, mobility, cloud, and robotics process automation. The document provides examples of GICs that have delivered innovation through analytics and recommendations for GICs to partner with startups and vendors to enhance their digital capabilities.
Digital Transformation to enhance productivity and improve profitabilityHuiGuanGan
Total digital transformation to Industrial 4.0 and company wide cultural Transformation to become the most preferred low cost technological manufacturing site with an edge over the competition.
Hayley Butler and Spenser Arnold: Agile Service ManagementitSMF UK
As HM Land registry transforms the services they deliver, they transform the way they manage services. Earlier this year they began a trial on increasing the agility of their service management functions. In this presentation they share where they started from, where they are now, and where they think they're headed.
[AI Webinar Series P1] - How Advanced Text Analytics Can Increase the Operati...JK Tech
Digitization is considered as the next step-change that will have a bigger impact on businesses than even the internet. To win in the digital journey, companies must act now, or be left behind wondering what happened!
In this webinar series, JKT Smart Analytics demonstrates how they empower their customers to create maximum business value out of this eminent Digital data explosion through digital business empowerment by leveraging the digitization to increase their top-line revenue – customer experience, optimize the bottom-line costs – operational efficiency, enhancing the safety factor and reinventing the business process in line with the changing world.
This webinar is focused on how our AI-based text analytics solutions – First, JKT Social Media Radar; a SaaS-based AI NLP Platform, helping organizations to gain insights on market and customer perceptions on their brands, products & services. Secondly, Sales Promotion Recommendation Engine helps customers to enhance their top-line growth and streamline the bottom-line costs.
KEY TAKEAWAYS:
1) How should a business plan their journey through the Digital data revolution?
2) How can a company make use of digital data to create effective data strategies for the increased outcome(s)?
3) How IT practitioners can catalyst the digital data mining journey and attract business adoption?
4) JKT Social Media Radar solution – What, Why, Supporting Business applications, and more.
5) How can companies reduce operational costs by automating human effort-intensive tasks using cognitive Analytics?
Process Transformation Journey – The Digital Enabler Process MiningCelonis
In this session, learn how Ernst & Young supports you in your business transformation journey.
Presenter:
Benjamin Lüders, Partner, Advisory Services, Ernst & Young
1) Powerful external forces like empowered customers and digital technologies are remaking markets and creating existential risk for companies.
2) Business leaders must make critical decisions to determine their company's destiny in response to these forces, with massive consequences but little precedence.
3) To manage the future, companies must design principles that are connected, insights-driven, fast, and customer-led in order to execute digital transformations successfully.
Automation Anywhere - Imagine New York 2019 - Silicon Valley BankAutomation Anywhere
1) SVB is a bank that provides financial services to innovative companies of all sizes. It has offices around the world and focuses on industries like software, life sciences, and venture capital.
2) SVB has a range of banking services including loans, deposits, wealth management, and investment banking. As of the end of 2018, it had $57 billion in assets, $28 billion in loans, and $135 billion in deposits and investments.
3) SVB has established a Center of Excellence for automation that has deployed 15 automations over the last 12 months saving 11,000 hours by starting with simple processes first.
SAP Process Mining in Action: Hear from Two CustomersCelonis
Hear about insights gained and other benefits of leveraging SAP Process Mining by Celonis at two of the largest global enterprises in their respective industries: SAP SE and Schlumberger.
Mark Saul, Head of Process Management at SAP SE has been spearheading the planning, introduction and successful implementation of SAP Process Mining at SAP. He will outline the benefits and use cases that are relevant for Europe’s largest software company by using SAP Process Mining with SAP S/4 HANA, SAP Data Hub and the positive outcomes for the company.
Jim Brady, Vice President Architecture & Governance from Schlumberger will highlight the company’s SAP GoLive of one of the largest launches recent history. In particular, using SAP Process Mining during the vital hypercare period in that global SAP launch. The focus during that critical time is on adaption monitoring, conformance monitoring, de-bottlenecking, and in part design validation to ensure the SAP launch proves to be a big success.
Presenters:
Alex Marx, Global Partner Director, SAP
James P. Brady, Vice President IT Architecture & Governance, Schlumberger
Mark Saul, Head of Process Management, SAP
Digital tools have helped automate and streamline many finance processes, reducing time and costs. Robotic process automation was implemented for invoice processing, accounts payable, general ledger, and other tasks, achieving 50-80% time savings. Management dashboards provided real-time analytics. The COVID-19 pandemic initially disrupted operations but the finance shared services team adapted to working remotely within 3-4 months. A hybrid work from home/office model is now seen as more effective. Further digitization efforts aim to eliminate paper from supplier invoices, payments, utility bills and other transactions.
This document summarizes 3 major procurement trends for 2019:
1) Labor shortages in procurement due to an aging workforce and lack of supply chain education programs, exacerbating a deficit in supply chain professionals. Automation can help address this by performing up to 60% of routine tasks.
2) Growing emphasis on corporate social responsibility and sustainability driven by millennial preferences, with 95% of S&P 500 companies now publishing sustainability reports compared to only 25% in 2011. This is an opportunity for procurement to recruit talent.
3) Increasing geopolitical and supply chain risks from trends like tariffs, Brexit, cyberattacks and natural disasters. Procurement must assess supplier financial health, logistics, and diversity to
The document discusses the future of procurement and supply chains. It outlines several key changes:
1) Procurement will dissolve and become more integrated with business units and the overall supply chain strategy. The focus will shift from cost savings to innovation, collaboration, and profitability.
2) Supply chains will take on a wider strategic scope and help drive innovations, strategic planning, and alternate sourcing solutions. Suppliers will segment and develop customized programs.
3) Processes will become more automated through tools like predictive analytics, cognitive computing, and outsourcing transaction processing. Suppliers will offer transparent pricing on cloud-based platforms.
Creating the Foundation for Digital LeapfroggingSSFIndia1
The document discusses creating a digital foundation for finance through data standardization and a Central Finance core implementation of SAP. It states that fixing core data and processes is needed to deliver digital transformation value. It recommends that finance lead in establishing a master data management strategy, allocating resources to data governance, and deploying technology for better quality data. A Central Finance core with standardized data and real-time ERP connections could enable efficient decision support through a single analytics platform, establishing data as a strategic asset with global standardization and governance.
SRF Limited established a shared services center to consolidate accounting processes across its business units. A feasibility study determined it was the right time and strategy. The center launched in September 2015, managing accounts payable, payroll, and bank reconciliation. Challenges included change management and document flow changes. Metrics and SLAs were established to track performance. The center helped standardize processes and create efficiencies despite some transitional challenges.
Preparing for Your Oracle, Medidata, and Veeva CTMS Migration ProjectPerficient, Inc.
There are multiple reasons why companies migrate to a new clinical trial management system (CTMS). Still, the two most common are mergers and acquisitions (i.e., CTMS consolidation) and the desire to switch CTMS vendors. Regardless of the reason, many of the best practices, processes, and tools are the same.
In this webinar, we looked at the migration approaches taken across several case studies. You’ll come away with an understanding of:
Pros and cons of each CTMS migration method
Types of migration tools, including APIs, ETL tools, and adapters
Approximate timelines and costs associated with each migration method
The topics discussed in this webinar can be applied to any CTMS migration project, whether you’re moving to or from Oracle’s Siebel CTMS, Medidata’s Rave CTMS, and Veeva’s Vault CTMS.
Presented by Mr Robi Iskandar, Senior Manager, Enterprise Architecture & Transformation, Aviva Asia, at our 18th Architecture Community of Practice on 14 November 2017.
Evolving from Process Excellence to Innovation: Supporting Digital AgendaSSFIndia1
This document summarizes Everest Group's services and expertise in advising global companies. It discusses how Global In-house Centers have evolved from focusing on cost reduction to also supporting innovation and new digital services. GICs are well-positioned to support enterprises' digital agendas across areas like analytics, mobility, cloud, and robotics process automation. The document provides examples of GICs that have delivered innovation through analytics and recommendations for GICs to partner with startups and vendors to enhance their digital capabilities.
Digital Transformation to enhance productivity and improve profitabilityHuiGuanGan
Total digital transformation to Industrial 4.0 and company wide cultural Transformation to become the most preferred low cost technological manufacturing site with an edge over the competition.
Hayley Butler and Spenser Arnold: Agile Service ManagementitSMF UK
As HM Land registry transforms the services they deliver, they transform the way they manage services. Earlier this year they began a trial on increasing the agility of their service management functions. In this presentation they share where they started from, where they are now, and where they think they're headed.
[AI Webinar Series P1] - How Advanced Text Analytics Can Increase the Operati...JK Tech
Digitization is considered as the next step-change that will have a bigger impact on businesses than even the internet. To win in the digital journey, companies must act now, or be left behind wondering what happened!
In this webinar series, JKT Smart Analytics demonstrates how they empower their customers to create maximum business value out of this eminent Digital data explosion through digital business empowerment by leveraging the digitization to increase their top-line revenue – customer experience, optimize the bottom-line costs – operational efficiency, enhancing the safety factor and reinventing the business process in line with the changing world.
This webinar is focused on how our AI-based text analytics solutions – First, JKT Social Media Radar; a SaaS-based AI NLP Platform, helping organizations to gain insights on market and customer perceptions on their brands, products & services. Secondly, Sales Promotion Recommendation Engine helps customers to enhance their top-line growth and streamline the bottom-line costs.
KEY TAKEAWAYS:
1) How should a business plan their journey through the Digital data revolution?
2) How can a company make use of digital data to create effective data strategies for the increased outcome(s)?
3) How IT practitioners can catalyst the digital data mining journey and attract business adoption?
4) JKT Social Media Radar solution – What, Why, Supporting Business applications, and more.
5) How can companies reduce operational costs by automating human effort-intensive tasks using cognitive Analytics?
Process Transformation Journey – The Digital Enabler Process MiningCelonis
In this session, learn how Ernst & Young supports you in your business transformation journey.
Presenter:
Benjamin Lüders, Partner, Advisory Services, Ernst & Young
1) Powerful external forces like empowered customers and digital technologies are remaking markets and creating existential risk for companies.
2) Business leaders must make critical decisions to determine their company's destiny in response to these forces, with massive consequences but little precedence.
3) To manage the future, companies must design principles that are connected, insights-driven, fast, and customer-led in order to execute digital transformations successfully.
Automation Anywhere - Imagine New York 2019 - Silicon Valley BankAutomation Anywhere
1) SVB is a bank that provides financial services to innovative companies of all sizes. It has offices around the world and focuses on industries like software, life sciences, and venture capital.
2) SVB has a range of banking services including loans, deposits, wealth management, and investment banking. As of the end of 2018, it had $57 billion in assets, $28 billion in loans, and $135 billion in deposits and investments.
3) SVB has established a Center of Excellence for automation that has deployed 15 automations over the last 12 months saving 11,000 hours by starting with simple processes first.
SAP Process Mining in Action: Hear from Two CustomersCelonis
Hear about insights gained and other benefits of leveraging SAP Process Mining by Celonis at two of the largest global enterprises in their respective industries: SAP SE and Schlumberger.
Mark Saul, Head of Process Management at SAP SE has been spearheading the planning, introduction and successful implementation of SAP Process Mining at SAP. He will outline the benefits and use cases that are relevant for Europe’s largest software company by using SAP Process Mining with SAP S/4 HANA, SAP Data Hub and the positive outcomes for the company.
Jim Brady, Vice President Architecture & Governance from Schlumberger will highlight the company’s SAP GoLive of one of the largest launches recent history. In particular, using SAP Process Mining during the vital hypercare period in that global SAP launch. The focus during that critical time is on adaption monitoring, conformance monitoring, de-bottlenecking, and in part design validation to ensure the SAP launch proves to be a big success.
Presenters:
Alex Marx, Global Partner Director, SAP
James P. Brady, Vice President IT Architecture & Governance, Schlumberger
Mark Saul, Head of Process Management, SAP
Largest : annual production over 132 Million Tonnes.
Co-ops. : 17 state federations, 180 district milk unions, 13.41 million dairy farmers.
Now : Producers Companies & Private dairies are growing …. creating parallel dairy infrastructure.
NDP : To double the growth rate to become milk sufficient country by the year 2022 with target over 200 million tonnes milk production.…. and the technology partner from 33 years
The current prescriber update process at TRC-CC PBS is cumbersome and costly, resulting in $3.9 million in lost revenue annually. A Six Sigma project was conducted to analyze the process, collect data, and identify areas for improvement. Key findings included inaccurate prescriber data in eSD, agents spending too much time off phone calls to update prescribers, and a lack of process standardization and monitoring. Recommendations included designating specialists to validate prescriber updates instead of individual agents, electronically submitting requests, and establishing performance metrics to track outcomes. Implementing these changes improved adherence and reduced errors while allowing agents to focus on calls, capturing an estimated $860,000 in additional value annually.
Overview of Lean Manufacturing and Six Sigma tools, comaprison between Lean Speed and Six Sigma Quality combining Lean with Six Sigma
Overview of DMAIC and SIX SIGMA FORMULA
Pay stream and basware einvoicing trends and truths 12.11.14 finalJustin Combs
PayStream Advisors and Basware teamed up for a live webcast featuring eInvoicing Trends & Truth for 2014.
Through our research PayStream Advisors has seen tremendous developments in Global eInvoicing. This webcast educated AP, Purchasing and IT professionals with the information they need in order to make the right eInvoicing decisions for their company.
Digital Order-to-Cash: Innovation for the New Normal and Beyond | Emagia OTC ...emagia
Digital Order-to-Cash: Innovations for the New Normal and Beyond
Emagia is a leader in digital order-to-cash
Power of digital trifecta “Automation, Analytics and AI”
Intelligent. Hyper Efficiency. Self-Service. Touchless.
Automation – Eliminating Manual Tasks for Hyper Efficiency
Business License Bots
Resale Certificate Bots
Contractor License Bots
Liens/Bonds Bots
Bots for PODs
Bots for Bank Statements Gathering
Bots for EDI/MT940/BAI2 Feeds
Workflow System
Strategy and Rules Engines
Analytics – Empower Data-driven Operations
Global O2C Insights Hub
Over 100+ Insights
CFO Dashboard
Controller Dashboard
Credit Dashboard
AR Dashboard
Collections Dashboard
Cash Application Dashboard
Cash Forecasting Dashboard
Predictive Payment Dates
Predictive Dispute Reason
Predictive Invoice Match
Prescriptive Next Task
Prescriptive Work Flow.
https://www.emagia.com/resources/videos/digital-order-to-cash-innovation-for-the-new-normal-and-beyond/
Achieving Operational Efficiency and Effectiveness with Digital Transformatio...Appian
This document discusses how digital transformation can help achieve operational efficiency and effectiveness in healthcare payers. It describes how legacy systems, manual processes, and rising costs are driving the need for digital transformation. New approaches like workflow automation, integrating clinical and financial data on new software platforms, and low-code application development can help drive cost savings and efficiencies. However, two-thirds of digital transformations fail due to barriers like outdated culture and skills in IT organizations. The document advocates using a low-code platform approach to accelerate digital transformation across various functions like provider data management, utilization review, and claims modernization.
ProductivityNet Business Plan Overview 2002Vinny Pasceri
Overview of the ProductivityNet, Inc. business & strategy in 2002. This was the last deck we authored on the business before ProductivityNet closed its doors.
The Need for Analytics and the Value of Understanding Profit RiskBaker Hill
The session will outline the reasons for implementing a data analytics program to identify strengths, weaknesses, opportunities and threats. We will investigate the method used in Baker Hill Analytics to calculate profitability at each level of the institution.
Green & Leafy Salads Pty Ltd is an Australian market leader in salads and fresh foods supply that is experiencing rapid growth. However, the company's order processing and business systems are outdated, manual, and time-consuming. This results in a lack of inventory control, communication issues between departments, and delays that cause customers to wait. The document analyzes the company's current systems and makes recommendations to implement advanced technology like computers, networking, servers, and enterprise software in order to digitize processes, improve inventory management with just-in-time systems, and facilitate electronic data interchange between partners.
Green & Leafy Salads Pty Ltd is an Australian market leader in salads and fresh foods supply that is experiencing rapid growth. However, the company's order processing and business systems are outdated, manual, and time-consuming. This results in a lack of inventory control, communication issues between departments, and delays that cause customers to wait. The document analyzes the company's current systems and makes recommendations to implement advanced technology like computers, networking, servers, and enterprise software in order to digitize processes, improve inventory management with just-in-time systems, and facilitate electronic data interchange between partners.
The document describes a proposed tea factory management system. The system aims to address issues with manual record keeping such as farmers incorrectly tracking sales amounts and expenses. This leads to errors in income calculations and potential exploitation. The proposed system would digitally record farmer transactions to provide accurate receipts and income reports. It would also help factories better manage resources, communicate with farmers, and prevent errors and fraud. The system would be developed using PHP, Laravel, and a waterfall model methodology.
Green & Leafy Salads Pty Ltd is an Australian market leader in salads and fresh foods supply that is experiencing rapid growth. However, the company's order processing and business systems are outdated, manual, and time-consuming. This results in a lack of inventory control, communication issues between departments, and delays that cause customers to wait. The document analyzes the company's current systems and makes recommendations to implement advanced technology like computers, networking, servers, and an electronic data interchange system to automate processes and improve inventory management, communication, and customer satisfaction.
Organizations in highly regulated industries continue to face pressure to maintain the highest level of quality in every facet of their operations, while at the same time reducing costs and maintaining margins. This presentation from Sparta Systems describes what Enterprise Quality Management Systems (EQMS) can do for these organizations.
Sales and Use Tax Process - Benchmarks and Best Practices for ManufacturersSovos
How do you stack up against your peers on other manufacturing tax teams?
As part of our ongoing Tax Tuesday webinar series, Sovos’ industry experts presented and analyzed new and unique results from a new comprehensive benchmark study from the Aberdeen Group on Sales & Use Tax challenges, trends, and solutions for manufacturing firms.
View our webinar on demand (see Slide 4 for Link) as Mark Christenson and Chuck Maniace detail how you can take a fresh look at how your business is performing compared to industry peers and learn what capabilities and approaches leaders in compliance are implementing today.
View our presentation and walk away knowing:
How your performance stacks up against your manufacturing peers
The biggest risks and tax compliance challenges for manufacturers of all sizes
How functional leaders feel about the compliance process vs. those managing the process
What is driving process-improvement and what capabilities and approaches leaders are taking
How you can successfully drive change in your organization
The document discusses malnutrition in India and the Breakfast Revolution program's efforts to address it. Breakfast Revolution provides nutritious breakfast products to communities with high malnutrition rates. It currently uses a manual process to track patients and deliver products that has problems like difficulty keeping track of patients, errors in data transfer, and missed appointments. The proposed new system aims to create a sustainable, scalable and evidence-based process through features like data validation, reminders, workflow approval, offline data entry, and reporting for timely product delivery, accurate data recording and analysis of program effectiveness. It must have a simple interface, low cost, basic security, and scale to increasing user volumes and transactions over time.
Horizon 2013 P2P Re-imagined: No User Pain, but Real Compliance Gains, A Cas...Zycus
The Mentor Network’s mission is to improve the lives of the people and communities they serve, and when they looked internally at their existing P2P process, they saw their own employees enduring a cumbersome and tedious user experience – or not enduring it and circumventing the system, leading to lower Spend Under Management and lost savings. Learn how Zycus and The Mentor Network are collaborating to re-imagine the next generation of P2P, with an innovation in “Guided Buying,” that reconciles the need for both increased ease-of-use and greater spend and process compliance. We’ll examine the business case and performance benchmarks driving The Mentor Network towards new levels of P2P performance.
Avaali Solutions provides digital transformation consulting and technology solutions. It has over 10 years of experience delivering over 250 transformations with 35-70% efficiency and cost reductions. It works with partners like OpenText, Kofax, UiPath to provide solutions like its flagship Velocious Source to Pay platform. Avaali also publishes a digital publication called Illuminar, offers training through Avaali Academy, and manages the Janus Source to Pay user group. The document provides details on Avaali's products and solutions, operational efficiency services, case studies, and the Velocious Source to Pay platform.
This document discusses how digital tools and data analytics can help optimize resources and workforce productivity in plantations. It proposes a digital solution called PlantationExcellence that uses mobile apps, IoT sensors, big data analytics, and AI to capture real-time data on activities like harvesting, upkeep, fertilizing and nurseries. This data is analyzed to provide predictive management reports and standard responses to issues. The goal is to increase productivity, transparency and continuous improvement through digitalization of business processes in plantations.
This document provides guidance for organizations undergoing a digital journey. It emphasizes the importance of carefully managing change with employees, not expecting immediate returns on investment and stabilizing the journey, maintaining strong governance and budget oversight, demonstrating the value of the journey to business leaders, strengthening processes before beginning, assembling a dedicated team, benchmarking against industry best practices, and keeping the customer experience as the central focus when providing digital solutions.
The document provides recommendations for businesses in the current environment where business continuity plans have become business as usual. It suggests focusing on improving operational efficiency through automation and digitization. Understanding the current landscape and creating a practical roadmap should be priorities. Finance functions will need to become more intelligent business partners by drawing insights from data to impact balance sheets, while talent development will be important to ensure workers can adopt new technologies seamlessly.
The document discusses technologies that can mimic, learn from, or challenge humans like robotic process automation, machine learning, and artificial intelligence. It also discusses how virtual reality and augmented reality can be used for training, prototyping, manufacturing, and events. The document then explains that the company decided to create an immersive experience for stakeholders by introducing virtual reality to corporate reporting to bridge the physical and digital world, replace traditional reporting formats, reach more international stakeholders, and provide a better immersive experience.
Embracing New Normal
Imran Ali - Group Chief Information Security & Technology Officer, Compass Group (United Kingdom)
https://sharedservicesforum.in/digital-leadership-e-summit--2020/
Cyber Resilience - Contemporary once again for Managing Data Protection post-...SSFIndia1
Cyber Resilience - Contemporary once again for Managing
Data Protection post-Pandemic
Pervez Workingboxwalla - Chief Risk Officer, WNS Global Services
https://sharedservicesforum.in/digital-leadership-e-summit--2020/
Post Event Report HR Leadership Summit-2018SSFIndia1
The document summarizes the 2nd National HR Leadership Summit held in New Delhi on April 27, 2018. The summit was organized by Shared Services Forum India and BRICS Chamber of Commerce & Industry to discuss how HR can provide competitive advantage through integration, innovation, and intelligent automation. Key topics included the role of HR in digital transformation, building a cognitive digital workforce, and redesigning HR processes for effectiveness. There were panel discussions and case presentations from senior HR leaders of large companies on using analytics to enhance business performance and developing capabilities beyond learning and development. The event concluded with examining the changing face of HR and driving the digital agenda within HR organizations.
BREAKING BOUNDARIES: THE POWER OF ENTERPRISE SERVICES - A REPORTSSFIndia1
The Shared Services Forum organized a leadership event in Pune to discuss trends in enterprise services. Key highlights included:
1. SSF released a new model for enabling the successful shift from business process management to enterprise services management.
2. SSF also released a report on the power of enterprise services that identified the top 5 trends, including organizations building digital capabilities and using mergers and acquisitions to embrace new technologies.
3. Speakers from SSF and Automation Anywhere presented on these trends and the evolution of intelligent digital workers in shared services. The event provided industry practitioners an opportunity to discuss challenges and strategies around business services transformation.
DIGITAL LEADERSHIP FOR WINNING EDGE - A REPORTSSFIndia1
This document summarizes a leadership event organized by Shared Services Forum (SSF) in New Delhi on April 5, 2019. The event featured an introductory address by Rakesh Sinha on digital leadership. Vineet Nayar, former CEO of HCL Technologies, was presented with a Pioneering Business Leader award. In his keynote, Nayar discussed principles of inspired leadership and driving innovation through transformation. A panel discussion followed on effective robotic process automation deployment, addressing challenges around skills, cultural barriers, and stakeholder buy-in. The event provided a forum for industry leaders to exchange ideas on current trends and best practices in business services transformation.
BUILDING ORGANIZATIONS OF TOMORROW - A REPORTSSFIndia1
The 3rd National HR Leadership Summit 2019 was held in New Delhi on May 10, 2019 with over 120 senior HR practitioners and executives from over 60 organizations attending. The summit aimed to focus HR and business leaders on key challenges in building organizations of tomorrow. Chief Guest Ved Prakash inaugurated the event where speakers like Dr. Aquil Busrai and Prabir Jha discussed the new traits of agile HR leaders and building future organizations. Eminent industry speakers then shared insights on driving cultural transformation, emerging HR technologies, talent acquisition, and other topics to help organizations of the future.
This document summarizes an event organized by Shared Services Forum (SSF) in New Delhi on August 5, 2019 to honor Harry Robertson for leading the first global shared services center for American Express in India. The event featured presentations and discussions with industry leaders about trends in shared services and business process management. Harry Robertson was presented an award for his pioneering work in global shared services and shared stories from his experience in setting up the center in India. Rakesh Sinha and Sanjay Gupta also presented findings from SSF's research on current trends in business services, such as the expanding scope of services and growing importance of technology ecosystems. The event provided insights into leadership challenges and trends shaping the shared services industry.
BPM & Shared Services Landscape in Global IndiaSSFIndia1
In the last 2 decades, India has become one of the preferred destinations for business process services for the world. These services have come to be most commonly known as Business Process Outsourcing (BPO) or Shared Services (SSC) and now, these services collectively come under the umbrella of Business Process Management (BPM).
In order to reap the benefits of BPM, recently Indian companies have also started to set up their own captive centers or outsourced to independent third party providers. Shared Services Forum (SSF) describes this evolution as ‘Global India’, combining both global and Indian organizations.
The Evolving Direction to Success Insights from Survey 2012SSFIndia1
This document discusses the results of a survey on shared services adoption by Indian organizations. Some key findings include:
1) The number of shared services centers (SSCs) set up by Indian organizations has almost tripled between 2006-2010 compared to the prior five years, indicating SSCs are gaining momentum.
2) Over 69% of respondents reported cost savings of at least 10% through SSCs, with 38% seeing savings over 20%, dispelling the notion that SSCs only provide cost benefits through wage arbitrage.
3) Finance and accounting processes are most commonly handled by SSCs (96% of respondents), followed by human resources (51%). SSCs are also expanding to manage higher-level processes
Become ‘Future Relevant’ by ReShaping Transformation Strategy in today’s Digi...SSFIndia1
Shared Services Forum, India felicitated Mr Priyan Fernando, Former Executive Vice President, Global Business Services of American Express as the PIONEERING BUSINESS LEADER FOR GLOBAL SHARED SERVICES and Ms Shyama A Bijapurkar, Former Global Shared Services Head at BA Continuum, HSBC and American Express as BPM ACHIEVER IN GLOBAL INDIA, for her Stellar Contribution in the Business Services Space.
The economic reforms and liberalization measures kick started the sea change in the way India as a country shaped itself to become the world’s largest democracy and one of the rising economic giants in the world stage over the last 20+ years.
Offerings of world class services in the field of IT and IT Enabled Services have also marked the success story of the country in this same period. The resultant economic growths truly made India emerge as the ‘Global India’ and this term is here to stay!
BPM is the art and science of managing business processes effectively
Managing and improving processes has been around since the early days of intelligent thinking. The process of continuous improvement may have begun some 500 centuries ago, when the Cro-Magnon man lived in caves, using and improving his primitive tools to make his life easy. The same concept would have been adopted by the early traders when the concepts of money and customers may have been first introduced as early as 3000 BC. The industrial revolution of the 18th century and early 19th century was clearly the pinnacle of use of industrial technology to achieve great strides in process improvements.
BPM & Shared Services Landscape in Global IndiaSSFIndia1
In the last 2 decades, India has become one of the preferred destinations for business process services for the world. These services have come to be most commonly known as Business Process Outsourcing (BPO) or Shared Services (SSC) and now, these services collectively come under the umbrella of Business Process Management (BPM).
In order to reap the benefits of BPM, recently Indian companies have also started to set up their own captive centers or outsourced to independent third party providers. Shared Services Forum (SSF) describes this evolution as ‘Global India’, combining both global and Indian organizations.
This document discusses the evolution of shared services at Aircel. It notes that previously, the 23 circles were doing similar activities differently, with control gaps and inefficiencies. Aircel implemented standardized processes and clearly defined roles and responsibilities to mitigate risks and add value to the business. The shared services model expanded capabilities from transaction processing to include knowledge process outsourcing and centers of excellence while ensuring integrity of financial reporting through monitoring, automation, and compliance controls. Key learnings included taking a phased approach, rigorous handovers between teams, planning resources in advance, and maintaining quality and communication.
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Accounting apps can help with that! They resemble your private money manager.
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Transform vs Disrupt
1. Number 23 in
Fortune ‘Change the World’
The Unilever Global
Development Award
Singapore Apex Corporate
Sustainability Awards
Asean Business
Awards
Olam Group
1
70K
Full-time, Seasonal
and Temporary
Employees
27
Years
70
Countries
47
Products
Edible Nuts, Spices and Vegetable Ingredients
Confectionery and Beverage Ingredients
Food Staples and Packaged Foods
Industrial Raw Materials
Commodity Financial Services
5segments:
$20B
Revenue
4.3m
Farmers
23K
Customers
#1
Global
Dehydrated garlic supplier
Dehydrated onion supplier
Cashew supplier
Almond grower
Originator of cocoa beans
Focused supplier of cocoa beans and products
Largest FSC® certified tropical forestry concessions
#2
Global
Coffee supplier
Cotton merchant
Largest wheat miller in Nigeria and Ghana
Rice merchant
Largest independent peanut blancher in USA
Top 2 manufacturer of tomato paste, MSG seasonings, biscuits,
candies and drinking yoghurt in Nigeria
Amongst the top 5 grain exporters out of Russia
Developing 1 of the largest sustainable palm businesses in Africa
2. Olam Global Business Services
2
Work time aligned
with Business
6
Platforms
27
Countries
Finance
Supply Chain
People services
Risk & Market Compliance
B.I (BW, BO,Dashboards)
Big Data Analytics
600+
Member team
42% Graduates
41%Post Graduates
17%Cost & Chartered
accountants
24X5
Operations
(with season support)
Uses ECM
platform
(Paperless Environment)
~$5B
Spend managed
Per annum for
0.5 Mn
Invoices processed
~1 Mn
Supply Chain
Transactions
Processed
Per annum
12 +
Applications
supported
450 +
Profit Centers
supported
> $10B
Receipts applied
Per annum for
26 K
Payroll
Transactions
processed
Per annum
12 K
Reports
Generated
Per annum
3. Transform Vs Disrupt
3
Cost Process Efficiency Compliance Control Business Goals
Model New ways (digital)
Inhouse
Outsource
Hybrid
Tech
BPM
ECM
OCR
VBA
Practices
6 Ϭ
Lean
STD
Functionalization
Cloud
Self-service
(Mobile or vendor portal)
EDA / e-invoicing
RPA
A.I
Analytics ?
Scope
Cost
Outcome
Org view
Culture
Activities
Discrete
FTE based
SLA
Service provider
Operational
(Narrow process)
Simple
__________________
__________________
__________________
__________________
__________________
__________________
End 2 End
Transaction
Business Goals
One Team
Business Knowledge
Value add ?
Location
Far shore
Near shore
Hub-spoke
4. Case Study : iPATS - Digitization
4
Complete visibilityof the
workflow at any point of time
Digitized inbuilt
Approvals
Auto reminder
sent every 2 days
payment tracking part of
workflow
iPATS -
DigitizationPATS iPATS
End to End tracking of work items through an easy
and seamless workflow solution
Multiple modes of receipt of Invoices - Hard copy, Email Invoices are scanned and initiated in iPATS
Involves manual intervention for raising
query and tracking of reminders
Approvals triggered through system
Manual tracking of each transaction led to
missing information or wrong payment
Unique ref # for identification & Traceability
of transactions
Duplication notification to Initiator sent manually Duplicate notification triggered and mandatory
confirmation sought through system from the Initiator
End to End tracking of work items is not feasible
INVOICE
Approvals obtained through mails
Query triggered through system
< = 2 day
Turnaround time
> 500 Million
US$
4
FTE’s
< $ 1.8
per invoice
5. Case Study : Nigeria - Payroll Transformation
5
Head Count
Expat
>100
Staff
>3000
Workers
>4000
Total
>8000
OUTCOME
PAYROLL
TRANSFORMATION
Data Confidentiality & weak reporting capabilities
Multiple Payroll System including Excel
Multiple Pay Frequencies/
Pay Runs
Over Payment Issues & Payments made
outside Payroll system. (Control lapses)
Non compliance of statutory regulations
New Payroll system “Endeavour – Pay Master” implemented
Implemented standard template to capture Payroll
Inputs across all entities
Process defined to capture all payments & dedns within
Payroll to ensure robust controls & 100% stat adherence
Redesigned the Payroll Calendar to streamline
the different pay frequencies and pay runs
Enabled Pay Master to provide all Statutory / Payroll reports
1 System
Process
Location