Author Archives: Helene Abrams

Into the Future (And Back Again)

Designing an accounting flexfield is one of the most difficult processes in an Oracle® implementation. Often, the failure to look far enough ahead during the initial implementation can impede business growth, and certainly makes it difficult to have your data truly ready for a fast-paced future. A “good” chart of accounts has the following criteria: […]

The Importance of Finance Management Systems in Digital Transformation

Navigation in the modern world of global enterprise is often an exercise in duality. While developments in the digital world open doors to value-growth for businesses, they also increase the strain on business leaders to maintain hard-won forward momentum. According to the 2022 PwC Pulse Survey[1], 60% of surveyed C-Level executives reported ‘Digital Transformation’ to […]

Five Considerations to Make When Incorporating Automation into an Audit Process

New areas of risk and new demands in reporting and stakeholder expectations, require the expertise of a modern internal audit team that evolves year over year. Businesses are responding to this challenge by adopting automation to streamline their workflows and build value. Consider these five elements as you evaluate the integration of automation into your […]

Benefits of Integrating RPA into Audit

More and more modern businesses are seeing the benefit in deploying an integration of robotic process automation (RPA) into their organization’s internal audit plan. By embracing the age of automation, businesses can pocket substantial cost-savings and reap organizational benefits in finance departments of all sizes. In leveraging automation and advanced analytics, organizations can garner quality […]

Material Misstatement? or Massive Mistake? Key Questions for Auditors who Discover Potential Fraud

Uncovering alleged fraud or suspicious financial activities within an organization’s financial statement audit is both a nightmare for many (catching management and governance sectors off guard) and a difficult reality for the auditor or auditing teams involved. Auditors define fraud, in the context of a financial audit, as “an intentional act by one or more […]

A Stress Free Guide to Mergers, Acquisitions, & Divestitures

Mergers, acquisitions, and divestitures are full of opportunities to take advantage of complementary resources, discover new market opportunities, reinvent processes, and capitalize on excitement. Familiarize yourself with best practices to ensure your organization is getting the most value out of the deal. Having supported over $400 billion worth of merger, acquisitions and divestiture transactions with […]

Inside Out: Back Office Systems Have Become Gateways to the External Community

What used to be considered “back-office” systems are not located in the back of the office anymore. Systems that support a company’s infrastructure for sales, customer service, and supplier relations are front and center customer-, supplier- and employee-facing systems. The heightened importance of the internet to daily business processes requires that a wide variety of […]

Four Components of Successful Divestitures

Prepare Early. Determine the value of each area of the business. Evaluate the strengths and weaknesses so that you can capitalize on the strengths that will provide the greatest value to a prospective buyer. Begin to prepare a “due diligence” package for each part of the company – whether it is a product line, a […]

Five Critical Success Factors in a Globalization Project

Leadership: The leadership team must define the reason for change, a strategy, and set objectives. They must have a vision of what the change will lead to and what benefits will accrue. Employees and stakeholders must be engaged and motivated. This can be done by setting targets, measuring performance, and providing financial and non-financial rewards […]

Preparing for Tomorrow’s Market

Preparing for Tomorrow’s Market There are few constants in this world. The way in which a company does business is not one of them. Instead, companies must actively adapt to change within the marketplace; and, as the international landscape continues to grow smaller due to advances in technology, businesses realize the importance of operating on […]