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The art of rapid month-end ICAEW special report

The art of rapid month-end ICAEW special report

By |September 29th, 2015|Comments Off on The art of rapid month-end ICAEW special report

The myths around KPIs

I have been writing about performance measures for more than 20 years. In all that time, I have only witnessed minimal advances in the way companies go about using them. All too often, the assessment of measures are treated as an afterthought.They are regarded as a box-filling exercise to demonstrate that we have achieved a […]

By |May 30th, 2015|0 Comments

Creating a lean finance team

The annual planning process and the long, drawn-out annual reporting cycle are both perfect examples of catch-22s. To break out of them, finance teams need to attack the onerous processes that are hangovers from the past and that they have mistakenly stuck with. Read More

By |May 30th, 2015|0 Comments

The free accounts payable system – A purchasing card

The average cost of a whole purchasing cycle is estimated at £30 to £40 per transaction. This cost is horrific when you realise that a high portion of your transactions are for minor amounts. The diagram to the right shows a typical profile of accounts payable(AP) invoices. Read More

By |May 30th, 2015|0 Comments

Moving accounts payable out of the dark ages

The accounts payable team is one of the most important in the accounting function. However, many AP teams are stuck in the dark ages, which means:  monthly accounts cannot be prepared promptly, as AP is buried under a tsunami of invoices,  budget holders are unnecessarily tied up in authorising and approving all transactions– no matter […]

By |May 30th, 2015|0 Comments

Annual planning will always be wrong

The one sure thing about annual planning is that it will be wrong – its underlying assumptions have been flawed since LucaPacioli invented double entry bookkeeping in 1494.This article completes my look at the foundation stones of rolling planning, a more useful alternative.

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For an in depth analysis purchase david’s whitepaper.

By |May 30th, 2015|0 Comments

The new thinking on Key Performance Indicators

Very few organizations really monitor their true Key Performance Indicators(KPIs), because very few have explored what a KPI actually is, says performance consultant David Parmenter.

The myths around KPIs
The dark side of KPIs
Switch on your indicator

For more details please click here

 

By |February 7th, 2013|Comments Off on The new thinking on Key Performance Indicators

Measuring Performance in Difficult Times

With the economy in downturn and many businesses facing challenging times, we should be measuring business performance in a new way.

Our traditional tools and processes for performance measurement are more akin to Charles Dickens than the 21st century, and thus more appropriate for the Victoria and Albert Museum than a fast and flexible organisation. We […]

By |February 7th, 2013|Comments Off on Measuring Performance in Difficult Times

One day workshop to move month-end reporting to 3 working days or less

If your month-end reporting process is not a source of pride, if it is in fact a frustrating time stressing out your accounting team and your budget-holders, help is at hand.  David Parmenter has developed an in-house workshop that guarantees a payback in time savings many times the workshop cost.

This workshop which will save many times […]

By |February 6th, 2013|Comments Off on One day workshop to move month-end reporting to 3 working days or less

Accounts payable are the centre of the accounting team

By David Parmenter

An accounts payable team is the centre of an accounting function for without its smooth operation:

monthly accounts cannot be prepared promptly
number noise is all around and budget holders have no faith in their reports
suppliers are forever on the phone querying payments
expense claims are a nightmare
the management accountants are at sea

I recently was asked […]

By |February 10th, 2011|0 Comments