Taking Stock - President Ward preaches to the e-converted.
Hardly a day passes without a Staggering New E-business Fact coming to light, and at the English ICA’s e-business conference, the body’s new president, Graham Ward, made certain delegates were told plenty of them. The most staggering of all was delivered by Robert Fleming, a director at Oracle. Apparently, back in the dark days before the e-business revolution took hold, it cost Oracle $150 to process a single expenses claim. Today, an integrated online expenses system means the same process costs the company just $2. This, the conference was told, is all part of a virtual revolution at Oracle, which is being led by the enigmatic Larry Ellison in 145 countries. ‘Larry Ellison one day asked the question, how much did we sell today?’ Fleming said. ‘His minions went away to work on the problem. A lot of phoning, e-mailing and spreadsheet consolidation later and he was told. But it was 10 days later.’ So, it wasn’t long before Oracle had moved from 100 sales databases to one. But Larry wasn’t done. He then asked how many people worked for him. Again, extracting a definitive answer was difficult. And again, Larry effected swift change. Of course, this was exactly the sort of message Ward had wanted communicated at a conference devoted to the subject of e-business. But he may have been wasting his time. On the day, Ward was overheard boasting that around half the 800 bookings for the sold-out conference were made online – so it sounds rather like he was preaching to the e-converted.
The numbers you crunch tell a story. Your expertis...
24yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleGlobal spend on accountancy outsourcing up by 40% in the space of five years. News comes as accountancy outsourcing specialist AdvanceTrack reports en...
View articleFollowing a profitability review, Deloitte has decided to scale back its UK deals business due to lower returns. This strategic shift could lead to jo...
View articleUK-based Dow Schofield Watts (DSW), a mid-market professional services network, announced the creation of a new division called DSW Principal Partners...
View articleEY has been undergoing significant cost-cutting measures and streamlining its operations since the abandonment of Project Everest. The firm has made t...
View articleTransitioning from an accounting firm to a consultancy model is only one part of the puzzle. The next, equally vital piece is making the market aware ...
View articleThis framework, while providing a top-line view, underscores the importance of strategic vision, operational excellence, and the spirit of continuous ...
View articleLooking ahead, the Big 4 firms face a challenging year, with ongoing cost-of-living concerns, slow economic growth, rising geopolitical tensions, and ...
View articleLast month it was reported that Deloitte would be cutting approximately 1,200 jobs in the United States, making it the latest of the Big Four accounti...
View article