sharedserviceslink.com - May Newsletter

Dear Colleague,

It’s summer but we would all be fooled if we think work is calming down. In fact for most of us it’s the reverse. With the economic climate looking grim, companies are scrutinizing back office cost. Enter You! In this month’s edition of sharedserviceslink.com’s newsletter, we offer a little solace for you and your peers. Firstly, we have a great discount for the upcoming 'Perfecting Procure to Pay to Enable Touchless Processing' conference taking place in September in Chicago. If you are working hard to get Procurement to buy in to your P2P dreams, why not join us in October at our Masterclass in London. And if you are pondering over which KPIs may best serve you, then take a look at the feature article on mastering meaningful KPIs.

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Know Your Processes and Why They are Failing - The Importance of User Compliancy and How it can be Increased
Presented on 15 Well Kept Secrets to Shared Services Success by Stephen Moore from HM Prison Service
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"Who's Bought What Solution" News

Glass Manufacturer Buys ReadSoft for European Invoices
Glass manufacturer AGC Europe has chosen ReadSoft's electronic invoice processing solution. The European Group will initially automate the handling of 120,000 invoices annually. ReadSoft's solution will be linked to AGC's SAP system...
> Read more

Siemens Purchases ACL Services to Audit Purchase Invoices
The €72.4 billion manufacturing giant Siemens announced it is implementing ACL Services audit software to put an end to waste and fraud in purchase transactions.
> Read more

Monster Worldwide Selects Transcepta for Electronic Invoicing
Monster Worldwide announced it has selected Transcepta e-invoicing as part of an overall initiative to automate its accounts payable process. Monster Worldwide is expanding its Basware Invoice Automation solution to include receiving e-Invoices and integrating them into their Oracle Financial System.
> Read more

Other Interesting F & A Shared Services Developments

Coca-Cola Announces Resource Shift to India, Poland and Guatemala
Coca-Cola announced this month that it plans to shrink its work force at its large accounting center in Brandon, USA, by 15 percent, outsourcing 150 white-collar jobs to Guatemala, India and Poland.
> Read more

BAT Select Bucharest to House its European SSO
British American Tobacco (BAT), the largest consumer goods producer on the domestic market, has selected Bucharest to open a financial service centre.
> Read more

Darlington and Stockton Borough Councils Merge
The two Borough Councils of Stockton and Darlington have created Xentrall Shared Services, which is geared to serve as a transactional finance service for the two councils.
> Read more

WNS Acquires BizAps to Add to Its ERP Optimisation Tool Kit
A leading provider of global business process outsourcing services, WNS, announced in June it had acquired BizAps to help optimize ERP, especially SAP, functionality in finance and accounting processes.
> Read more

A Handful of the Right Numbers can Trigger Such Change: The Power of Meaningful KPIs
Are you confident your KPIs are telling you what you need to hear? These numbers hold considerable power, telling us to 'do this' or 'do that'. So ensuring they are well selected...
> Read the full article

Creating Account Reconciliation Process Efficiencies while Reducing Risk and Audit Fees
Few terms elicit deep breaths and visions of runaway dollar signs like "compliance". Since the enactment in 2002 of the Sarbanes-Oxley Act, the call for compliance has caused public corporations and some private and foreign organisations to become fixated on meeting the various guidelines of the regulatory requirement.
> Download whitepaper

>	How to Master the Bumpy Path to Attaining Global P2P Shared Services Platform
	Global Webinar 16.30 CET/15.30 UK/10:30 ET 20th August 2008
>	The 5 golden rules for making automated Purchase to Pay really work for your organisation
	Global Webinar hosted by EGS 16.00 CET/15.00 UK 16th September 2008
>	Perfecting Procure to Pay to Enable Touchless Processing - Transform Finance into a Value Add Organization
	Chicago, 17th to 19th September 2008
>	Shared Services Executive Dinner
	New York, 22nd September 2008
>	How Finance can Really Change Behaviour of Procurement and Take Invoice Matching into the High 90s
	London, 16th October 2008 - Holborn Bars
>	Toning Up Purchase to Pay to Attain Touchless Processing - Mainland Europe
	Paris, December 2008
>	Finance and Accounting Shared Services for the Public Sector
	London, January 2009


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