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Articles By sadie hawkins

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Financial Reports That Do Not Meet Gaap Is This An Issue For Financial Controllers?   By: sadie hawkins
Problem: If you're financial coordinators and administrators hardly trust the month-end close numbers, is your financial reporting fully GAAP “compliant”? Survey results show that a mere 19% of financial controllers and administrators fully trust their reported figures. Considering that accounting standards worldwide are steeped within the belief that financial reports are as reliable as they possibly can be, it appears that 81% of corporations are slipping through vital aspects of GAAP (Generally Accepted Accounting Principles) in spite of all efforts to abide by them. But why are numerous corporations falling through the cracks and failing to report to GAAP standards? One potential reason finance departments are slipping through the generally accepted accounting practices (according to Forbes), is the passing over of responsibilities from CFO to the financial Controller (FC). The CFO is being expected to deal increasingly more with investors and external relations than internal financial reportage. As such, FCS are having to adopt the data reporting and analysis in addition to the communication and presentation of that data – a job traditionally left to the CFO. An advised conclusion is that as a result of the ordinary tasks of the FCS, they currently have less time to devote to managing the financial reconciliation and reporting process, instead leaving their financial employees to manage the work flow. In addition, with a lack of this clear active leadership the accounts department is left juggling the numerous monthly-close tasks with a lack of decisive oversight. That is not our perception. Instead we tend to believe it is the shortage of an automation tool that seems to be the core. Because without such a tool, an efficient standardised month end close process increasingly becomes practically much harder to keep up, and as well as that even more difficult to decisively lead!(read entire article)
View : 175 Times
Category : Business

Why The B2b Sales Lead Follow Up Graveyard Is Leaking Your Profits   By: sadie hawkins
Ever wonder what has happed to those leads you didn't close, well they are waiting for you you. Deep in the recess of each previous marketing campaign you've ever run. Just like the remains of the dead and deceased, leads that were never followed up just sitting gathering dust, an ancient relic of business your sales team could have closed. And you're not alone. It's estimated that sales reps fail to contact around 70% of the resulting new leads generated from marketing activities. While it's normally made reference to as a ‘sales lead black hole ‘we wish to call it an 'opportunity graveyard', if you may. But these aren't high quality leads, your sales team will shout out! And while they may be expressing this view this out of a deep concern that those old, lifeless leads will come to haunt them, their argument is not a view that is uncommon. So how can your marketing and sales team work together to make sure they're exploiting every opportunity on the market to them? All the while avoiding wasting energy and resources on leads that may never convert into a sale? Well, we've got five killer tips to help you breath new life into your lead follow up processes and close an additional amount of business as a result.(read entire article)
View : 259 Times
Category : Business

Mind The It Skills Gap   By: sadie hawkins
A recent article by IT professionals highlights their fear for the UK's digital future. In this article they discussed the findings of a survey looking at the digital skills gap that is growing in the UK and Europe. Over the next few years alone, the UK is expected to develop a skills gap, what this will essentially mean is that 100,000 IT jobs cannot be filled. Tacking these alarming statistics into account, many survey respondents feel are being driven by the recent outsourcing of IT services to offshore companies, this in turn results in there being less opportunities available for IT professionals at home.(read entire article)
View : 212 Times
Category : Business

Industry Specific It Services: Will Your Support Supplier Perceive Your Business?   By: sadie hawkins
You can usually realize internal ‘misconceptions' on what services your organisation provides and who you are as a business. therefore once tasking yourself with a) finding an outsourced IT supplier who gets it; or b) making an attempt to coach your incumbent supplier on ‘what it's you do' and the way that impacts the support you need, there's a hill to climb. If your business needs a lot of customized support providing, these are the queries you need to be asking potential suppliers and therefore the processes you need to be fitting place for existing suppliers. Support through changes in regulation & compliance Industry regulation brings about the kind of scrutiny that affects a businesses' back-office and IT functions. as an example, The Markets in financial Instruments Directive (MiFID) and PCI-DSS (Payment Card industry – data Security Standards) that came into impact in 2006 and 2007 caused a sweeping modification to monetary regulation across Europe. This meant that financial services organisations that outsourced their IT operations had to confirm that their service(s) weren't solely secure however also compliant with the new regulation.(read entire article)
View : 223 Times
Category : Business

Excel Spreadsheets - Do They Still Have A Place In The Finance Department?   By: sadie hawkins
As a financial accounting professional, it is almost certain you will have been using Microsoft Excel spreadsheets during the month end close process. It is also extremely likely you will have experienced problems with them too!(read entire article)
View : 213 Times
Category : Business

How Remote-controlled Applications Are Threatening Your It Security   By: sadie hawkins
Applications are typically left to their own devices - however is that the lack of observance feat your network prone to hackers? It's essential for corporations to guard the company network from the point they start, however most application security breaches don't seem to be even detected by internal groups, whereas you will be specializing in bubble-wrapping your most used and valuable applications, the most important injury would possibly really return from a seldom used application.(read entire article)
View : 353 Times
Category : Business

Which Storage Is Better Staying Hard Or Going Flashy?   By: sadie hawkins
With the recent revolution in data centre storage solutions are businesses at an additional of advantage staying with HDDs or making the move to all-flash SSDs?(read entire article)
View : 231 Times
Category : Business

Technology Can Be The Difference Between A Good Sales Team From A B2b Sales Powerhouse   By: sadie hawkins
Buyers don't purchase like they used to and this complicates the normal sales funnel. As IKO system highlights, the 'failsafe' BANT (Budget Authority Need Time) model is almost turning into the complete opposite.(read entire article)
View : 208 Times
Category : Business

Driverless Vehicles Are On Their Way   By: sadie hawkins
Driverless cars are due to be tested on public roads by the conclusion of 2013, says the UK government. So far, Great Britain trials of the autonomous vehicles have taken place solely on non-public land. Driverless cars are radio-controlled by a system of sensors and cameras and are seen as much safer and a lot more economical than regular vehicles.(read entire article)
View : 183 Times
Category : Automobiles

Abandon Policies, Back Procedures – A Winning Idea For The Month-end   By: sadie hawkins
With the busy month-end close processes and regulatory pressures rising, you may think it makes sense to implement formal written reconciliation policies? No! Despite the agitated chaos of the months finish, several corporations still don't have any written policies. And every corporation should... shouldn't they?(read entire article)
View : 234 Times
Category : Business

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