Author Archives: Helene Abrams

Bankruptcy Part 1: Getting the Most for Your Shareholders

Bankruptcies occur more often than expected and occur during booming economies as well as recessions. Not only was there a sharp increase in bankruptcy filings during the 2020 pandemic, but also law changes and the recession in 2005 and 2009 led to significant slowdowns and  many companies unable to meet their debt obligations and operating […]

Losing Control: Controls, Risks, Governance, and Stewardship of Enterprise Data

In large organizations, many different people are responsible for updating, creating, and deleting data in spreadsheets. Each time a spreadsheet is changed, there is a risk of losing the integrity of the data because of the number of cell references and relationships between each data item in the spreadsheet (and among many different spreadsheets). It […]

Characteristics of a World-Class Close

The concept of a world-class close has been around for decades, and with the economy booming, stalling, and then doing who-knows-what in the future, revisiting the elements of an exemplary close can bring unexpected benefits to any organization. Driving toward a world-class close means by definition that IT and Finance will become more flexible, more […]

Unethical Practices Spoil the Value of Mergers, Acquisitions, and Divestitures

The acquisition has been announced. Company A is going to sell the B part of its business to Company C. The entire organization is trying to complete the close in a very short window. The regulatory team needs to file all the paperwork set up the new legal entities and the change in ownership. The […]

The Bottom Line – Wheres the Money

Suppliers and consultants regularly make recommendations to their client companies. In many companies, these suppliers of products and services are trusted advisors, often having the responsibility of making a final decision on a project. Even with best intentions, however, the supplier’s decision of what is right for the customer is a difficult decision because there […]

Leveraging Purchasing in a Multi-Org Environment

When companies originally set up multi-org in Oracle’s® E-Business Suite, security and control were the primary drivers for separating data into different operating units. Plants wanted to run their own operations, negotiate their own contracts with suppliers, and set up their own invoicing, inventory and receiving practices. Moreover, there was a competitive environment among different […]

What Workarounds Really Mean

It’s happening company-wide: Different divisions, from accounting to purchasing, are looking to cut down on costs and reduce inefficiencies in an attempt to ride out the latest economic tides. This belt-tightening attitude can be seen in the significant furloughs and lay-offs, and in the aversion companies have toward participating in internal projects that do not […]

Everyone Takes the Hit – What You Can Do About It – 5 Key Business Metrics and OEBS

Before the onset of the economic downturn and the meltdown in the financial sector, for businesses addressing change meant adapting to more cash coming in and what to do with it to keep investors happy or adapting to unprecedented growth – one of those “good problems to have”. Organizations were looking at 3, 5, and […]

Getting the CFO to Pick Up His Bottom Line

In the past, improving business processes was the primary objective of most ERP implementations, and welcome outcomes were cost savings and productivity improvements. When ERP systems were initially implemented, the opportunities and gains in back office operations were considered significant strategic advantages. But although the strategic advantages of having robust ERP systems persist, today’s economy […]

How to Grow Your Business in an Uncertain Economy

Smart business owners know that by planting the right seeds during times of economic uncertainty, their companies can harvest a bumper crop on the other end of the slowdown. Here are a few time-tested perennials sure to reap big rewards. Weed Your Garden This is a good time to focus on your company’s core competencies […]