Performance Management Mobility Can Light Up Organizations

Irene Ngan's picture

The world has gone crazy over mobile—and finance is no exception. Mobile solutions have the capability to transform the way we operate, manage, and monitor the workplace. For finance in particular, “the immediacy of information that can be received, processed, analyzed, and then pushed back out—with all of this done remotely—is the real opportunity,” said Lawrence Maisel, founder the performance management consultancy DecisionVu.

Achieve Finance Function Excellence

Irene Ngan's picture

Every six months, the APQC financial management (FM) team hosts a webinar that provides an overview of the Finance and Accounting resources available through the Knowledge Base. The purpose of hosting this “Now in the Knowledge Base” community call is to review recent research, present upcoming projects on the research agenda, and solicit feedback from APQC’s members.

Fiscal Cliff Deal Affects Fixed Asset Management

Irene Ngan's picture

On January 1, 2013, final passage of the “fiscal cliff bill,” otherwise known as the American Taxpayer Relief Act of 2012, averted scheduled income tax increases and spending reduction requirements, much to the relief of many. However, this new Act also retroactively reinstates for 2012 many fixed asset management tax provisions that expired at the end of 2011. Included below is an excerpt from Title III in the Act.

Top 10 Predictions for Finance Transformation in 2013

Irene Ngan's picture

In APQC’s 2012 December financial management community call, Mary Driscoll, senior research fellow at APQC, and Wayne Daigle, managing director at Business Performance Collaborative, discuss what they think the top priorities are for finance functions in 2013.

Stop Overpaying for Fixed Assets

Irene Ngan's picture

In the wake of the recession, the topic of fixed asset management has become increasingly important. When an organization has a good handle on its fixed assets, meaning it is able to do a good job of tracking, managing, and accounting for depreciation, it not only avoids errors on its financial statements, but it avoids paying the IRS too much or too little.

Financial Reporting Increasingly Complex

Irene Ngan's picture

As 2012 begins to come to a close and finance departments are consumed with the year-end close-to-disclose process, it seems fitting to reflect back on how this “last mile” of finance has transformed over the past few years. The close-to-disclose process involves all activities needed to close an organization’s books, perform all necessary inter-company accounting and reconciliation steps, finalize consolidated financial statements and release earnings and publish official statements with regulators such as the U.S. Securities and Exchange Commission (SEC).

Finance Best Practices Report Released

Irene Ngan's picture

Earlier this month, APQC released the latest financial management (FM) Best Practices Report Building a Best-in-Class Finance Function. This research describes 14 best practices common among best-practice organizations.

Big Data Is Here

Irene Ngan's picture

Big Data refers to a collection of data sets so large and complex that capturing, storing, searching, sharing, analyzing, and understanding them is beyond the capabilities of commonly used databases and tools. Organizations are being inundated with a plethora of data that has the potential to revolutionize the way strategic decisions are made. Unfortunately, they are ill-equipped to manage, analyze, and translate that information into useful, actionable decisions.

The Close-to-Disclose Process: Repairs Required

Irene Ngan's picture

A common theme among senior finance executives and subject matter experts regarding the close-to-disclose process has emerged. Many large organizations, particularly those that have significantly grown globally over the past decade, could stand to improve in one or all of the following four areas:

Shared Services Centers Still More Efficient

Irene Ngan's picture

Recently, several in-depth articles that review shared services center (SSC) performance with headquarter (HQ) and business unit (BU) performance were updated with new benchmarking data. According to APQC’s Open Standard Benchmarking in accounts receivable, accounts payable, payroll, and general accounting and reporting, SSCs outperform HQ and BU locations.