Operations assessment
by Alex Roan on Jul 1, 2024
Business transformation is a process where an organisation changes from an existing to a target operational state. Organisations spend a significant amount of effort identifying these improved target states. Corporate strategy drives this at macro level while team, department, function and business area managers are responsible for the execution at a lower level.
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by Alex Roan on Jun 25, 2020
The chart of account (CoA) is one of the most important structures in business. It reflects all the activities a business is involved in and it provides a foundation for the majority of financial and management reporting. Correct use of the chart of accounts can both simplify operations and improve decision making capability.
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SAP HANA and S/4HANA - A simple guide
by Alex Roan on Jun 3, 2020
Recent years have seen a resurgence in large organisations taking on major SAP upgrades with the relatively new SAP business suite 4 HANA (S/4HANA) collection of applications. But what exactly is HANA? and what is S/4HANA? How is implementing or upgrading to it different from the R/3 upgrades that were significant programs for many organizations over the last few decades?
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Improving the record to report process
by Alex Roan on May 18, 2020
Starting from business transactions such as the purchase of materials, payments to employees and sale of goods and services. Ending with reporting and decision making including the submission of detailed annual reports. The 'record to report' process (RtR) is a long, complex process that involves people from across the enterprise. Despite the critical nature of this process, it’s rare to find RtR clearly documented from start to finish. I've found that few finance employees can describe the complete process. In part, this is because the process touches core operational transactions (purchases, manufacturing, sales etc.). From another perspective, it's because certain parts of the process require a high level of expertise.
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