Beyond SOX Compliance: Unexpected Benefits
Published: December 20, 2017
The risk mitigation factors of being SOX compliant are obvious, but what are the other benefits of having a controlled internal process? The Sarbanes-Oxley Act of 2002 (SOX) was formed in response to multiple worldwide corporate financial scandals. Financial mismanagement at Enron, Global Crossing, Tyco, WorldCom and other companies, brought to light the need […]Read More
Financial Highlights of the week
Published: November 3, 2017
New How-To Book Puts SAS® Visual Analytics in Focus This accessible, full-color guide to SAS Visual Analytics is perfect for both novice and experienced users looking to learn the latest functionality of SAS Visual Analytics on SAS 9.4 and SAS® Viya™. Read More SAS named a leader in Gartner 2017 Magic Quadrant for Retail Assortment […]Read More
Why you need to get analysts back to analyzing!
Published: October 30, 2017
Everybody knows they need a finance department, but rarely do organizations pay much mind to what the finance department needs. Ask yourself, what does your finance department do? Many would answer “Controlling expenses, like bills and payroll” or “Managing our revenue paper trail”. You wouldn’t be wrong, but if all your finance department is doing […]Read More
The role of data in gaining valuable financial insights, introducing the new SAS/STAT lines plot, And achieving operational excellence through business intelligence.
Published: October 24, 2017
The role of data in gaining valuable financial insights Deep within the world of finance, primeval data-sniffing creatures are growing and evolving. Great wafts of data are drifting from your mobile phone. Every digital action sends a cloud of information out across the network. You are leaking data and, in finance, these signals can […]Read More
How ABC Can Correct The Inaccuracies of Conventional Costing
Published: September 7, 2017
Download Infographic Activity-based costing is a method of measuring the cost and performance of activities, products and customers. It is increasingly being seen as a more accurate method of costing than conventional costing systems, which are being superseded by the fact that automation means that direct material and labour consumption is now a far less […]Read More
Banks, Stop Wasting Resources on The Wrong Customers!
Published: July 6, 2017
Companies often look to their financial systems for a better understanding of their most and least profitable customers. What they may not realize is that these financial systems are not set up to accurately measure the drivers of customer profitability. What are they missing? What everybody is missing The assumption that the bank’s financial […]Read More
Finally, Banks & Credit Unions Can Stop Guessing When It Comes To Profit Growth
Published: June 1, 2017
In an increasingly competitive environment, with low market interest rates, the banking and financial service industry (including credit unions) continues to face significant challenges to improve revenue and profit growth. Financial systems have limitations, as they cannot accurately provide true costs of products. They fail to attribute costs of market facing and business support activities. […]Read More