The COVID-19 pandemic is causing pain personally and professionally for many in our industry and our clients’ industries. Uncertainty of businesses’ chances of survival, even with the level of financial support governments are releasing to curb recession, decisions made now, and the direction we take on the road to recovery. Decision’s businesses take next will…
As organisations transition to a new normal, CIOs find themselves redefining IT priorities. Focused on managing the operational challenges of the crisis, they now also need to review IT costs, assess and understand the context in which the business strategy will develop and decide where cuts or investment are required. CIOs encounter a scenario with…
The future of work is determined by an assembly of technology innovations that aim to address new challenges such as becoming a more customer-centric organisation and deliver real business value. Among those technology innovations are enterprise cognitive computing (ECC) applications and artificial intelligence (AI) and automation tools. Today, many C-level leaders are embarking on innovation journeys where…
In a time when the mandate for innovation and digital transformation has never been stronger, Robotic Process Automation (RPA) is rapidly emerging as a solution for finance and accounting operations. In a recent HfS Research and Accenture survey, two-thirds of the respondents said that transforming finance was a priority for their organisations and that in…
ERP systems provide an integrated suite of applications for an enterprise to manage resources, control supply, purchasing and sales operations and provide operational and financial control of the business. Applications would typically include Inventory and Supply Chain Management (SCM), Customer Experience (CX), AP, AR and Financials and human resource management. This article will look at…
As the deadline to the new lease accounting standards IFRS 16 ASC 842 looms, compliance is at the top of finance managers’ agendas. To comply with the new guidelines, organisations will have to change the way leases are recorded and processed, as the new standards increase complexity, requiring that operating leases now be reflected on…
With only months lefts before the new lease accounting standards ASC 842 and IFRS 16 become effective, many companies have not taken the steps needed to meet the deadline. In previous posts, we went through lists of questions to help CFOs assess in which stage of the transition plan the organisation is, transition guides and…
This week VIP Apps Consulting we will be attending the International Asset Finance Network 2018 Conference and Awards, taking place on Thursday 13th September at the Park Plaza London Riverbank. Under the theme People, pain points and processes: how technology is transforming auto, fleet and equipment finance, the IAFN event provides focussed content for auto retail,…
The unprecedented speed of the disruptions caused by new technologies and changing customer expectation is putting more pressure on organisations in the leasing and asset finance industry to embrace digital strategies and be more responsive and agile. Organisations tend to focus on the technology innovation, and in most cases, the reality is that they are…
Today, for companies to stay competitive, they need to innovate continuously. Transformation programs are triggered across all industries to meet new customers’ expectations, improve products, implement new technology and create agile organisation ready to adopt the innovation. Leading change initiatives is hard. Nearly 70 per cent of change programs fail to achieve their goals, proving…
