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October 30, 2013
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Are you a Digital Native, a Rock or a Sponge?

Over 200 Shared Service Professionals met at this year’s Shared Services Forum UK in Manchester last week. The over-arching topic of discussion centered around the relationship between humans and their growing interdependency on all things digital. With Futurist Dr James Bellini relating historical facts to today’s digital world it was scary to hear him talk...

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October 24, 2013
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Financial Controllers Conference at ICAEW – What Does a CFO Look for in a Finance Team?

Having recently attended the Financial Controllers Conference at ICAEW (Institute of Chartered Accountants of England & Wales) opened by Trevor Williams, Chief Economist of Lloyds Bank Commercial Banking, I was pleased to hear his upbeat presentation on Global trends and Risks. Not being an accountant myself I was pleasantly surprised that what Trevor was talking...

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October 7, 2013
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Disclosure in a Tweet

Is disclosure in a Tweet realistic? Earlier this year the SEC (The Securities and Exchange Commission) issued a report that makes clear that companies can use social media outlets like Facebook and Twitter to announce key information in compliance with Regulation Fair Disclosure (Regulation FD) so long as investors have been alerted about which social...

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September 26, 2013
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Financial Close – Does Speed Matter? Only if You Focus on the Speed that Does Matter…

What’s More Important, Processing Speed or the Speed of the Process in Financial Close? Early this week, Larry Ellison announced Oracle’s SuperCluster M6-32; Oracle’s fastest machine yet at Oracle Open World.  According to Oracle’s press release this new capability promises 10-20 times faster performance on business critical applications such as the financial close.  But the...

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September 26, 2013
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Day Two – Deloitte Shared Services & BPO Conference in Budapest

An inspiring Day Two at Deloitte A very quiet and subdued crowd at the 9am Plenary Session on Day 2 of Deloitte’s Annual SSC and Outsourcing conference. I think one or two delegates may have enjoyed the hospitality of this beautiful city into the early hours! First up this morning was Simone Noordegraaf, Global Head...

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September 25, 2013
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Deloitte Shared Services & BPO Conference Kicks off in Budapest – Global Business Services Defined

Recap – Day 1 The 17th Annual Deloitte Shared Services & BPO Conference kicked off this morning in Budapest with 700 or so attendees all wanting a definition of GBS (Global Business Services) and they were not disappointed. In the words of Peter Moller, Deloitte’s Shared Service and BPO Advisory leader “This conference is taking the...

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September 24, 2013
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XBRL US 2013 National Conference – Keynotes Rewind

XBRL Cage Match Round 2:  Congressman Issa vs. SEC Chair White The 5th Annual XBRL US National Conference kicked off this morning with two highly anticipated keynotes opening the event:  Rep. Darrell Issa, and U.S. Securities and Exchange Commission (SEC) Craig Lewis.  The conference air was thick with tension, as attendees anticipated a few body...

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September 16, 2013
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Record to Report Takes Center Stage

Record to Report Takes Center Stage Recently, PwC released its “Close Cycle Report for 2013” – Rankings for the 2013 R2R External Reporting Process.  The results showed a general trend towards the acceleration of the group reporting cycle with many companies having regained their composure following the delays and uncertainty surrounding the 2007/8 financial crises....

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September 12, 2013
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XBRL Cage Match Round 1:  Congressman Issa vs. SEC Chair White

Timing is everything, and House Oversight Committee Chairman Darrell Issa (R-Calif.) sure seems to have that sorted out.  On the day that over 400 people (including Issa himself) attended the “Data Transparency 2013” conference in Washington DC focused on the DATA Act, Open Data Policy, and SEC Reporting, Issa throws down to the SEC about...

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September 4, 2013
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Continuous Control is Essential: Why is it Still Manual?

In the KPMG paper Continuous Auditing and Continuous Monitoring (CA/CM): The Current Status and the Road Ahead, KPMG highlights the board and regulatory compliance pressures, cost and efficiency considerations, and the business risks emerging that are having a lens focused on Internal Control teams. The CA/CM discussion has been around since the early 90s and...

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