Flexsystem limited enterprise solution provider

Are corporates about to have change thrust upon them as their external stakeholders continue to be exposed to the benefits of the digital age or will it remain as is until the fully passing of operational control to millennials, who mostly see legacy as holding them back. As we roll into 2019 more questions are going to be asked by these stakeholders as they are becoming increasingly aware and knowledgeable of what is possible.

So far all eyes have been on the high profile digital stories that have been emerging from Fintech and Retail, but less noticeable to most are the changes taking place in the background as corporates operate skunk projects and continue to explore the immense opportunities that come from digital for both inward and outward customer facing projects.

These skunks are the initial smaller test steps to evaluate how changes will look and be implemented in practice, but of course none of us have to look too far within a corporate to see the massive inefficiencies currently in play that need to be rectified, which is probably just symptomatic of real change having been simply too hard to execute and easier to ignore up to today. Continue reading →

Budget management is a painstaking task often executed with limited transparency into assumptions, or even broad collaborative buy-in to the underlying process. What follows is an overview of what is possible with latest technologies and explores some of the options available to start freeing your team’s time from transactional process to management, not to mention providing you with increased confidence into your ongoing and final budget pack submissions.

Designed at the lowest granular level our scalable solution is an agile purpose built end user driven platform optimised for management accounting. It is designed to leverage the best of what you use today x-subsystem, remove shortcomings in your current pervasive use of spreadsheets, or remove them altogether from the process, and can handle specific complex budgeting tasks undertaken by a few focused specialists, as well as the main broader budget processes for SME’s and large corporate enterprises. As a testament to its granular transformational power this scalable solution comes from the same family as our Consolidation solution that enables the automation of the entire transformational consolidation process, including notes to the accounts, for SME’s and large diverse multinational conglomerates. Continue reading →

In the Office of the CFO getting to the final numbers for any reporting period in question, whether it be for the preparation of the full consolidation or for management accounts, is no easy task with a multitude of processes coming together to drive several iterative versions before the final one can be reached. With time pressure against us all and with the number of reports seemingly increasing to support business change, finance teams work together virtually around the clock through late nights or holidays to deliver the best result with the highest level of confidence that they can in the allowable time, which never seems quite enough.

With the clock constantly ticking the process is stressful as financial teams fight fatigue to submit multiple sets of interrelated numbers according to corporate guidelines and submission dates. Lack of total confidence in those submitted numbers often keeps many finance staff awake at night as they continually check and re-check the logic behind those numbers in their minds before hopefully nodding off to sleep. Going forwards new technology systems are already freeing time from transactional process to facilitate deeper management reviews through enabling practical compute power to drive ultra-granular transformations across subsystems, together with their automation and compliance, which is a very welcome change. Continue reading →

Information technology within the enterprise has not been standing still, but sometimes any beneficial operational change is hard for us to see in practice when traditional processes are so deeply embedded across our organisations, often being driven across multiple and different vendor sub-systems that can, behind the scenes, technically leverage very different underlying database and middleware technology infra-structures.

Moving forwards to the next operational level to gain competitive advantage is going to be troublesome for many organisations, as to achieve higher levels of productivity improvement will require newer and broader deployments of latest digital process technologies that can also leverage our existing legacy sub-systems for protection of past investments. This will potentially challenge current organisational structures, because it will come with a need to tackle the often existing and duplicated data silos, which are all so deeply and departmentally entrenched within our organisations. Continue reading →

Making time for change that will save us hours of repetitive work, each and every month, is one that typically eludes us due to the perception that the change process itself will consume time that we simply do not have available. Occasionally, and probably more frequently than we care to admit, events like annual budgets or re-checking those monthly reporting pack submissions drives our frustrations to a point of wanting to make a change, but this desire soon subsides as normal business pressures once again push us into multiple directions, and soon thereafter we are again executing the same tasks, despite our original good intentions.

Our productivity has of course not stopped evolving. Employee self-service (ESS) has already helped us embrace reduced administration for leave management, as well as other numerous employee management tasks, and Expense Management has standardised processes to ensure that expenditure for T&E and other employee procurement activity is kept within a tight control before any trip or expense execution. With all decisions being made by management @anywhere with a full knowledge of budget availability, including those harder to track approved but deferred expenses, we continue to move forwards, but now we recognise that we holistically need something more radical to drive us to the next level. Continue reading →

Finding time to make an operational difference is always a challenge, amidst the continuous noise of daily activities, but modern technologies today are now enabling you to make smaller more manageable iterative changes that really can make a significant impact. Think of them initially as your wider existing processes, including those that touch spreadsheets, being either fully or partially automated as new digital ones. These then effectively become the new digital glue between your existing systems, with all being executed with appropriate security levels and segregations of duty to drive compliance.

Most organisations are today at a similar stage of operational inefficiency with excessive amounts of time being spent on transactional processing to reach acceptable end results, so any time spent on making them more efficient will save you time to drive further value initiatives. The root cause of this friction is twofold. Firstly the inability for users to create cost effective, repeatable, and auditable ultra-granular transformational processes across different vendor applications, and secondly these users not having access to the practical compute power to drive the former in a timely manner. Continue reading →