From Metrics to Meaningful Information

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  To make informed business decisions, enhance processes, and drive continuous improvement, companies implement – and continually monitor – internal and external metrics. However, many KPIs and benchmarks cannot be measured with current manual processes, because manual work is so difficult to monitor. Digitization enables finance departments to automate manual processes to significantly reduce the average processing time and increase the potential to control cash flow. This makes it possible to measure performance by capturing data points along the entire process lifecycle. These metrics, or key performance indicators, can help organizations identify areas for process improvements, remedy existing problems, and help curb delays at each step. In his latest blog on sharedserviceslink.com, Brian Shannon, Chief Strategy Officer of Dolphin, discusses how organizations can use digitization to implement better metrics and eventual move from metrics to meaningful information in the Finance department.  He discusses how it is only by continually reviewing metrics and performing regular benchmarking that organizations will be able to ensure that processes are operating efficiently and identify future areas of improvement and for accelerating innovation and growth. NAGPO_banner-3

Find out on the future metrics and measurement in the Finance department by reading Brian's blog.
 
Interested in learning more? Join Brian and the Shared Services Link team from May 10 to 12, 2016 at the North American Global Process Owners Summit in Seattle, WA to learn about the latest trends and metrics used to propel global businesses forward.
 

From Metrics to Meaningful Information

shared-services-link-logo

 
To make informed business decisions, enhance processes, and drive continuous improvement, companies implement – and continually monitor – internal and external metrics. However, many KPIs and benchmarks cannot be measured with current manual processes, because manual work is so difficult to monitor.

Digitization enables finance departments to automate manual processes to significantly reduce the average processing time and increase the potential to control cash flow. This makes it possible to measure performance by capturing data points along the entire process lifecycle. These metrics, or key performance indicators, can help organizations identify areas for process improvements, remedy existing problems, and help curb delays at each step.

In his latest blog on sharedserviceslink.com, Brian Shannon, Chief Strategy Officer of Dolphin, discusses how organizations can use digitization to implement better metrics and eventual move from metrics to meaningful information in the Finance department.  He discusses how it is only by continually reviewing metrics and performing regular benchmarking that organizations will be able to ensure that processes are operating efficiently and identify future areas of improvement and for accelerating innovation and growth.
NAGPO_banner-3

Find out on the future metrics and measurement in the Finance department by reading Brian’s blog.
 
Interested in learning more? Join Brian and the Shared Services Link team from May 10 to 12, 2016 at the North American Global Process Owners Summit in Seattle, WA to learn about the latest trends and metrics used to propel global businesses forward.