Hackett: Business Finance Magazine, "How BPM Bolsters Compliance".ATLANTA -- When companies buy a business performance management (BPM) system, most of them aren't thinking about how it can help them fill their compliance needs. They should be, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. experts on both of these topics. John McMahan, finance advisory practice leader at The Hackett Group, says that a typical company maintains six planning systems on average, compared with a BPM best-practices company's three. "If you have to pull information for compliance from six systems vs. three systems, you have more chances for errors and more complexity, and you increase the odds of more compliance problems," he says. "In addition, BPM best-practices companies have 48 percent fewer reports than their peer group, so they have less mining to do to get to the important data, which translates into a better focus on what's material to their business. And BPM best-practices companies are 32 percent more likely to use nonfinancial performance indicators, a practice that serves as a better foundation for forecasting, enables them to be more externally focused and acts as an early-warning system for reporting of material events." Click Here to Link to Full Text of Article Or visit the following URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businessfinancemag.com/magazine/archives/article.html?artic artic Noun Brit informal an articulated lorry leID=14682 (Due to the length of this URL, it may be necessary to copy and paste To copy files from one location to another or to copy text and images from one document to another. All modern operating systems and applications have a copy and paste capability that is typically selected from an Edit menu. See cut and paste and Win Copy between windows. this hyperlink into your Internet browser's URL address field.) Visit The Hackett Group's "In the News" archive for more coverage of Hackett's research and insights in leading business and trade publications. Click Here to Link to Hackett "In the News" Press Coverage Archive. Or visit the following URL: http://www.thehackettgroup.com/press/ About The Hackett Group The Hackett Group (www.TheHackettGroup.com), a strategic advisory firm and an Answerthink company (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ANSR ANSR Autonomous Naval Support Round ANSR Adaptive Network Solutions Research, Inc. ANSR Advanced Neutron Source Reactor ANSR Active No Swashplate Rotor (Army) ), is a world leader in best practice research, benchmarking and business transformation services that empirically define and enable world-class enterprise performance. Through the acquisition of REL Consultancy Group, a global leader in generating cash improvement from working capital, we offer Hackett-REL Total Working Capital services to liberate cash flow from operations Cash flow from operations A firm's net cash inflow resulting directly from its regular operations (disregarding extraordinary items such as the sale of fixed assets or transaction costs associated with issuing securities), calculated as the sum of net income plus noncash expenses through improved working capital, reduced costs and increased service quality. Hackett-REL has helped clients in more than 60 countries free up over $25 billion through working capital improvements in the last 10 years alone. Only The Hackett Group empirically defines world-class performance in sales, general and administrative (SG&A) and supply chain activities with analysis gained through 3,500 benchmark studies over 14 years at 2,100 of the world's leading companies. Our clients comprise 97% of the Dow Jones Industrials, 77% of the Fortune 100 and 90% of the Dow Jones Global Titans The Dow Jones Global Titans 50 Index was created to reflect the globalization of international blue chip securities in the wake of mergers and the creation of mega-corporations. Index. |
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