By Zahid Khalid

ISBN-10: 0470531894

ISBN-13: 9780470531891

ISBN-10: 0470603941

ISBN-13: 9780470603949

In accordance with specialists, a standard one thousand million greenback corporation spends nearly $27 million on pointless operating capital and inefficient processing features simply because they lack visibility into the monetary offer chain. Optimizing again place of work Operations: most sensible Practices to maximise Profitability makes use of examples and case reviews to teach how fee optimization—and now not fee reduction—in the center again place of work operations is the proper method of maximizing profitability and company worth. Implementation information is equipped for Executives, CFOs, and Controllers on transitioning from superseded strategies to a fully-optimized monetary provide chain.

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Download e-book for kindle: Optimizing Back Office Operations: Best Practices to by Zahid Khalid

In keeping with specialists, a regular a thousand million greenback corporation spends nearly $27 million on pointless operating capital and inefficient processing services simply because they lack visibility into the monetary offer chain. Optimizing again place of work Operations: most sensible Practices to maximise Profitability makes use of examples and case experiences to teach how rate optimization—and now not fee reduction—in the middle again workplace operations is the suitable method of maximizing profitability and firm worth.

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Capability: One Size Does Not Fit All In the context of profitability, when we speak of capability we mean the various functions of the business that are essential to achieving its strategic goals. These functions can be categorized as either revenue generating or supporting in nature. For the scope of this book, when we speak of capability, we mean these financial back-office functions that affect its working capital: ᭿ ᭿ ᭿ ᭿ Accounts payable Accounts receivable Purchasing (procurement) Treasury For each of these functions, the first question that needs to be asked is whether it will play a strategic role or a tactical one.

On both sides of the Atlantic, much of this effort was focused on regulatory and corporate governance issues. This was hardly surprising, considering the nature and magnitude of the problems. In addition, it is unlikely that the focus on corporate governance and regulation is going to wane anytime soon, despite the inevitable industry backlash. The reforms continue and, for many, the effects of Sarbanes-Oxley in the United States and the new Combined Code in the United Kingdom are starting to be felt.

The DuPont equation enables analysis to determine which of the elements is dominant in any change of ROE. Some other sectors, such as financial services, use high leverage to generate acceptable ROE. These businesses generate handsome returns for their equity owners, as was the case with the private equity funds of the late 2000s. These firms, such as the Blackstone Group, became the darlings of Wall Street for this very reason. However, their returns were severely affected as the economic conditions became more challenging and their source of capital dried up.

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Optimizing Back Office Operations: Best Practices to Maximize Profitability by Zahid Khalid


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