Recent reports indicate that there can be deeply rooted misunderstandings between finance & procurement. Different perspectives on revenue, cost savings vs value creation. Cost Avoidance, Savings, Payment Terms, Reporting and more. But the challenge of different perspectives is not unique to finance and procurement. Earning the right to be a “trusted business partner” requires a lot of effort and a lot of EQ. https://lnkd.in/e5JcCKsn #chieffinancialofficer #cfo #cpo #sourcingandprocurement #sourcetopay #procuretopay #valuecreation #alignment #trustedadvisor #trustedpartnership
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Topical article by Lindsay Kohler at Forbes. She asks two compelling questions; Which job roles are least susceptible to AI disruption? Which roles need to evolve in this new era of working — regardless of the impact of AI? The question for us is not just “will AI take my job?” but rather, “how can I re-imagine my role, the team, our processes and our business?”. Thanks also to Jack Kennedy at Indeed https://lnkd.in/eihSHcTG
Re-Imagining Jobs In The Age Of AI - Consider
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Great Session at Credit Matters XIII #CMXIII !
"Breaking down Silos" with "End to End" strategies - Great discussions and energy at Credit Matters in Prague. Our own Steve Fox led a great panel discussion on "the Future of GBS” with great leaders Milan Beneš Andras Kohl and Rahul Malhotra Wonderful community of #globalbusinessservices #ordertocash, credit and collections leaders from around the world. Callisto Grand #CMX Mark Harrison Laszlo Rab Eszter Gábriel Aleksy Matukiewicz Thomas Dobis David Wilner Paolo Di Stefano
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The Yin and Yang of successful Transformation - FEWER, yet MORE . . . Thanks to Johan Grönstedt Oliver Shaw Angela Mangiapane and Management Today https://lnkd.in/eGXb2adf
Successful Business Transformation Requires Fewer AND More? - Consider
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Steve Fox and Naomi Secor of SSON Research & Analytics discussed "End-to-End Process Transformation: Key Trends & The Role of the Global Process Owner" last week. Recording available at https://lnkd.in/eRJRzcZA
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Have you ever noticed that you spend more effort on supposedly digitized processes than you used to before they were “streamlined”? It is a recognised paradox, an economic fact of life, but one worth untangling. https://lnkd.in/eqriKG3H With thanks to the article from McKinsey & Company Lareina Yee and Erik Brynjolfsson
The Productivity Paradox, Digitization and the J-Curve . . . - Consider
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"Kairos" - Have you ever noticed how a message or communication that seems critically important just doesn’t seem to land with your leadership, a customer or stakeholder? There are various reasons for this, but don't let it put you off! If at first you don't succeed . . . https://lnkd.in/egE8XgX7 #stakeholderengagement
Kairos and the Art of Stakeholder Management - Consider
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Our very own Steve Fox is the guest expert on "The Ultimate Guide to Global Process Owner (GPO) Success: Blending The Art & Science" with Naomi Secor and SSON Research & Analytics Register here https://lnkd.in/eUCv9CZX
SSON R&A Shared Services & GBS Summit
sson-analytics.com
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What even is “Transformation Face”? It's a thing. There are sound reasons for it and solid strategies for success. Éilis Cronin wrote an intriguing article in Management Today asserting that “excessive periods of transformational change fuelled by leadership failures are contributing to a new type of burnout”. ‘Transformation fatigue’ happens when employees feel disenchanted by inadequate leadership, poor communication, and insufficient training during excessive periods of transformational change. https://lnkd.in/eqbQdMrV
Can You Recognize "Transformation Face”? - Consider
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The “organisational immune system” is a concept that you have probably experienced yourself. If you are lucky you will have both been part of this "immune response" as well as having to work with it and nurture it in introducing change . . . Work with it early . . . . The main job of an immune system is to fight harmful substances, germs and other nastiness that enter, and thus maintain effective function . . . https://lnkd.in/eduWurm4
Transformation Frustration – Lessons from the Human Immune System - Consider
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Precision alignment makes for a highly efficient operation, but it is a human challenge . . . Whilst we are very concerned with the organisational construct of "process ownership" and the “GPO” and associated role definition, targets and reporting line, we put less focus into creating the right conditions, including the necessary skills, tactics and support, for the “end to end process” strategy to work. https://lnkd.in/dCnedwVH
“End to End” Process Integration & the GPO - Consider
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Practical, detailed approach to change and finance transformation within global finance and finance shared services/GBS.
11moI've spent years demystifying the jargons, formula and meanings for both parties. I've also uncovered and stopped some madness: - At one FTSE100, Procurement were claiming (and receiving bonuses) based on savings from the list/retail price! - In another company there was no recognition of consumption - buying 100 to secure a discount then putting 98 on the shelf when the organisation only consumed 5 a year led to shrinkage and obsolescence. - Also not looking at Total Cost of Ownership e.g. cheap machine with compulsory and onerous maintenance costs. Latter was partly the fault of Finance who were trying to keep to the Capex budget and didn’t care about maintenance costs as it was next year’s issue.