Business Process, General, Information Technology, Lean Accounting, Lean Business, Offshoring, Outsourcing
Outsourcing is seen as one of the best and quickest ways to reduce cost. The popular thought is that you outsource non-core business functions to companies and locations that can do it cheaper than your team can if it is kept in-house. While I agree that...
Business Process, Finance Department, Lean Accounting, Lean Business
I attended an APICS event last night and the presentation by Robert Fox focused on lean & Six Sigma and why we would want to implement them. Most of us associate ‘lean’ with manufacturing as the concepts which originated at Toyota were...
Business Process, Finance Department, General, Information Technology, Lean Accounting
Have you gone on a corporate crash diet in the last couple of years. After the binging in the early 2000’s and the financial collapse in 2008, many companies felt it necessary to put themselves on a crash spending diet. So what do I mean by...
Business Process, ERP Selection, Finance Department, General, Information Technology, Lean Accounting
We have discussed the Financial Supply Chain and the importance to cash flow and profitiabilty for optimizing it. Optimizing the Financial Supply Chain is a function of optimized business process and effective information technology. In my last post, I...
Business Process, Finance Department, Information Technology, Lean Accounting
In the competitive economic environment on the 21st century, finance is expected to be strategic and focus on providing accurate and very timely information for operation decision making and optimizing profits and shareholder value. In addition the finance...