The role of the IT department is changing, moving away from cost savings and towards business strategy, according to Phil Warren, head of technology at the National Computing Centre. In a video interview with Silicon.com, Warren said: "Technology...
The company claims it will supplant spreadsheet reporting as Cognos Finance 5.1 enables financial directors to draw up budgets, forecasts and reports which can be delivered to the entire enterprise via the web.
The newly created National Hi-Tech Crime Unit (NHTCU) is looking at ways to put such measures into action. However, it was unclear whether any confidential system would generate evidence permissible in court and not everyone is in agreement as to...
Any economist knows that if, instead of doing their own washing, everybody were to do their neighbour's washing for a fee, household budgets would be unaffected. But it seems we are pretty selective in the measures we use to demonstrate progress.
There needs to be a framework in place with software and processes to connect the strategy changes through to the measures," says Charlesworth. Buytendijk argues that although these intangibles are seen as softer measures, they really define the...
Successful organisations budget against 50 or less line items - rather than trying to reflect the full chart of accounts in their budgeting system - and have employees who understand the importance of adhering to the agreed budgets.