sharedserviceslink.com - May Newsletter

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Dear Colleague,

If you had a week or two off during August, a very big 'welcome back'! You may now be faced with the terrifying reality that there are only 4 months left in the year, and barely 70 working days to meet certain operational targets. If you are off or on track for Christmas success, we can help you meet or bust those targets. So please read on.

Other than the well filtered news stories listed here, this month's newsletter looks at 3 topical areas: first off the bat is the monster of a function: purchase to pay. It costs F&A functions too much money today, and shouldn't, so if you are battling with PO compliancy, Procurement, Suppliers or Paper, then join us at 'Toning Up Purchase to Pay to Attain Toucless Processing' in Paris. But before this be sure to attend our one day masterclass on changing the behaviour of your Procurement colleagues, and dial into our webinar '5 Golden rules for making automated P2P really work for your organisation' facilitated by EGS. Secondly, if you are involved in optimising your company's working capital, then we have a free presentation for you. And finally, with companies like Michelin outsourcing F&A recently, we have to ask ourselves why aren't the rest of us? This month's free research highlight looks at the logic behind BPO-ing.

A one day event on how to force PO compliance on procurement

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Just released

Optimising Working Capital to Maximise the Cash Result for your Shareholders
Presented on Toning Up Purchase to Pay to Attain Touchless Processing conference in June 2008 by Jennifer Pinney
Global P2P Manager
CABLE & WIRELESS

Free Webinars

The 5 golden rules for making automated Purchase to Pay really work for your organisation
16th September 2008

Significantly Improving Cash Flow Management Through Timely and Dynamic Reporting
21st October 2008

71% of Companies Rank Working Capital Optimisation as 'High Priority'
Have you notice there’s a lot of noise around the ‘sexy’ topic of working capital optimisation? Maybe there is more of a loud chatter in the US, and only a soft murmur in Europe. There seems to have been a surge in working capital information in the US recently, but dare I say Shared Services Directors and Finance Directors are simply gathering information, and ‘taking a peek’ rather than actually instigating working capital optimisation (WCO) projects?
> Read more

"Who's Bought What Solution" News

BAE Systems Buys Trintech Solution
BAE Systems shared services has selected Trintech’s AssureNET GL to increase the timeliness and accuracy of their balance sheet account reconciliations. AssureNET GL is an automated reconciliation software system that performs this critical business function, while ensuring internal controls and compliance.
> Read more

Anglo Base Metals Launches Use of Quadrem for 100,000 P2P Transactions
Anglo Base Metals launched its e-procurement initiative with supply chain solutions company Quadrem in Africa this month. This will see its African operations transacting with more than 1500 African based suppliers using the full suite of 13 electronic procure-to-pay documents on the Quadrem platform, from RFQs to remittance advice documents.
> Read more

JetBlue Airways Broadens Use of Ariba P2P Solution
Ariba Inc announced that it has expanded its relationship with America’s low cost airline JetBlue Airways Corporation. In an effort to maintain its cost structure and competitive advantage, JetBlue is broadening its portfolio of on-demand spend management solutions to include Ariba® Procure-to-Pay™.
> Read more

Other Interesting F & A Shared Services Developments

Michelin Axes 200 Jobs in Manchester (UK) Shared Services Centre
Michelin UK has closed its Manchester shared services operation with the loss of 200 jobs. The French tyre manufacturer has outsourced its European financial shared service centre to ACS.
> Read more

District Councils in the UK on Track to Deliver Savings
Shared services between south Worcestershire’s district councils are on track to deliver budget savings by next year. The scheme, due to go live in April 2009, is a collaboration between Worcester city, Wychavon district and Malvern Hills district councils.
> Read more

SAIC Moving 150 Jobs to Shared Services in Oak Ridge, US
Science Applications International Corp announced it is locating the company’s shared services centre in Oak Ridge later this year, a move that initially will create more than 150 jobs in the Oak Ridge area.
> Read more

Want more of these news? Go to our news section

The Few Things that Make the Real Difference: A Profile of Oracle Purchase to Pay
This article is taken from the interview with Amy Aves aired 20th August 2008 as part of sharedserviceselink.com's webinar series on P2P
> Read the full article

Why Settle For Less?- 2008 Outsourcing Report
Just released, a survey of over 300 business and IT executives representing outsourcing buyers, outsourcing vendors, and legal firms. The purpose of the survey was to document the respondents' experiences and uncover insights that could be applicable across all industries when undertaking an outsourcing programme.
> Download the survey

>	Webinar: 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
>	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
>	Webinar: Significantly Improving Cash Flow Management Through Timely and Dynamic Reporting
	Global Webinar hosted by Top Image Systems 16.00 CET/15.00 UK 21st October 2008
>	Toning Up Purchase to Pay to Attain Touchless Processing - Mainland Europe
	Paris, 10th-12th December 2008
>	Finance and Accounting Shared Services for the Public Sector
	London, January 2009


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