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Updated: 2 hours 58 min ago

5 ways to cut costs by going green

Mon, 04/27/2015 - 09:11

Living green is not a new concept for people today. But how about green business? Do you know how much office costs you can cut when your office/ business goes green? Green business will not only help you cut down office costs but also gain a positive reputation and image for your company. Then why not start now?

Top 10 reasons why companies should automate Expense Management (part 1)

Thu, 04/23/2015 - 16:54

Still claiming expenses via paper, spreadsheet, out-dated legacy or in-house system? Isn’t it time to look back on such traditional ways with nostalgia because here are 10 reasons why expense management should be automated right away, you don’t need to even be that big a corporation as the benefits are hard to ignore. 

Top 10 reasons why companies should automate Expense Management (part 1)

Mon, 04/20/2015 - 11:33

Still claiming expenses via paper, spreadsheet, out-dated legacy or in-house system? Isn’t it time to look back on such traditional ways with nostalgia because here are 10 reasons why expense management should be automated right away, you don’t need to even be that big a corporation as the benefits are hard to ignore. 

5 travel policy tips every Boss should be aware of

Fri, 04/17/2015 - 15:00

Does your business require your employees to travel? If so, a well-written travel policy will be an essential item to help your company control and manage business travel expenses. Reviewing it frequently, at least once a year, will ensure policies adapt to your business growth and changes. This way you can make sure your dedicated travellers get what they need to drive business results without too many expenses.

Here are five things to consider when creating or updating your company travel policy.

Top 5 Ways to Manage Employee Expenses

Fri, 04/10/2015 - 14:30

The management of Employee Expenses has become one of the top corporate governance items in the wake of the many scandals making headline news.
Recent legislation focuses on what employees spend and why, so keeping clear, accurate and detailed records plays a critical part in order to handle any future audit of compliance or taxation authorities successfully.
With these reasons in mind, choosing an expense management system becomes important to ensure that the policies and record keeping are well managed. Here are the Top 5 most useful ways a company can manage employee expenses, based on feedback from companies using Systems@work.

4 Questions to Ask When Selecting The Right Expense Management Solution

Mon, 04/06/2015 - 14:52

As your company continues to grow it’ll soon be time to select a solution to tackle and solve your expense management issues. Once you get to this point in time the challenge is what exactly do you look for when selecting an expense management solution?

6 Signs your Employees are cheating you in Expense Claims

Fri, 04/03/2015 - 10:00

According to a study conducted by the Association of Certified Fraud Examiners, expense claim fraud takes 24 months to detect, makes up nearly 15 percent of schemes involving the fraudulent disbursement of cash and has a median loss of $26,000.
How about your business? Do you know how to recognize whether your employees are being fraudulent?
Here are 6 signs to look out for:

Expense management or Effective cutting?

Fri, 03/27/2015 - 09:00

Expense management plays an essential role in building a business strategy. There are many methods to manage expense of which effective cost cutting appears to be very simple and popular.

Business Intelligence – Implementation Challenges

Tue, 01/27/2015 - 15:00

Business intelligence is always known as the tools, technologies, methodologies and best practices that help organisation have insights information on their business. BI helps organisations to have a clear view about their data to make better decisions and push the business process forward. In our previous posts, we discussed about the rising needs for business insights and how to correctly operate a BI platform to improve business performance. However, the business world is changing constantly; therefore corporation needs to have flexible business strategies to go along with the waves while still preserving its image and position in the market. Consequently, the implementation of BI is also challenged as BI solutions are one of the key factors that help businesses to stay competitive.

6 ways to use technology to help shape up financial strategies (part 2)

Tue, 01/27/2015 - 10:00

McKinsey in a recent research reports that while 75 million people cannot have a job, yet many businesses have vacancies that cannot be filled, and that there is a gap between the current workforce’s skills and what employers want from employees. Especially in the finance and accounting world, where people need accuracy, concentration and speed, it is even harder for organisation to recruit and retain talents.

Agile BI solution as the key to good decision making

Mon, 01/26/2015 - 10:00
How often do you have to make decision? How much time it takes you to make one good decision? How often do you successfully execute your decision as intended? Do you put the right amount of effort to make and execute that decision?

6 ways to use technology to help shape up financial strategies (part 1)

Fri, 01/23/2015 - 10:00

Having a comprehensive system will enable top managers to manage human resources especially in financial and accounting aspects more effectively in the most effective way to compete globally. Today, we’ll discuss further on 3 among 6 basic ways to use technology to shape up financial strategies and increase financial performance.

Planning and budgeting: Solutions to common problems

Thu, 01/22/2015 - 10:30

Jack Welch, former Chairman at GE once said: “The budgeting process…sucks the energy, time, fun, and big dream out of an organization”. Yes, everyone hates it! If there is an effective way to do it without trying too hard will you take its advantages to grow? What you need are just a good planning and budgeting process and the right technology!

Critical Failure Factors in ERP Implementation

Mon, 01/19/2015 - 15:00

Not only Vietnam but also all around the world, moving to full ERP solutions is a very big step for any manufacturing companies. However, not all organisations gain the best ROI from ERP. The high failure rate of ERP implementation consequents to negative impacts, such as business loss, dropping market price, losing both market share and competitive advantage. According to a book about ERP by Ptak, ERP implementation failure rates are between 60-90%, which is very critical.

How ERP revolutionises manufacturing: problems and solutions

Fri, 01/16/2015 - 15:00

There is one similar attribute that all best-in-class manufacturers agree: their supply chain, distribution and service standpoint are very easy to work with the help from cloud-based manufacturing applications, especially Enterprise Resource Planning (ERP).

Operational BI platform and signs you’re doing it right (part 1)

Fri, 01/16/2015 - 11:00

Being able to utilise timely data to make game-changing decisions is what companies hope to achieve. That is why they look to implementing Business insights tools and a sound BI strategy. The success of an operational BI platform depends on a combination of specific capabilities and technology enablers (Aberdeen, 2010). In this blog, we will go over the first 3 factors: process, organisation and knowledge management.

Building a BI strategy: Taming data to gather information power

Thu, 01/15/2015 - 10:00

Gartner’s 2008 CIOs survey highlighted that Business Intelligence (BI) is now one of the top priorities in business. BI is known to have positive impact on business performance of an enterprise, dramatically improving the ability to accomplish the mission by making timely and smart decisions at any level of the business.

Additionally, Forrester Research has provided a foreseeable future in their recent report that we are competing on information, where “all products and services continue to become more commoditised in our global economy”. As a results, if the two businesses share the same marketing personas and customer insight, the one who has earlier information will have significant advantages over the other. That’s why we need BI.

Four Evolving Roles of CFOs in The New Era

Wed, 01/14/2015 - 10:00

Chief Financial Officers, or CFOs, have been commonly known as a corporate officer who’s responsible for managing the organisation’s financial risk, financial planning and reporting to higher management board. However, in this new era, the role of CFO is no longer limited to the tasks above. As stated in a recent study by Accenture, 70% of correlation is found between high-performing financial departments and high-performing companies. This means the CFOs’ responsibility has evolved. Additional research also indicated that CFOs’ responsibilities have been changed from being a rear-view mirror perspective provider to a strategic advisor who navigates the business through hard times and shapes the company’s direction.

How companies can improve their corporate financial report

Tue, 01/13/2015 - 10:00

In two previous posts, we have discussed some issues with annual reports and financial reviews of companies in Vietnam. What can be done to improve them? Preparing a financial report is an art that requires authenticity rather than a motive to polish a company’s image.