Going multinational opens up multiple extra dimensions in system complexity. The biggest strategic efficiency for multinational systems is gained by having front-end, administration and accounting systems that can travel in these extra dimensions Multi-Format – Culture-specific number formats (thousand and decimal separators) currency symbols (prefixes or suffixes) and date formats are essential to present users …
Category: Finance
May 01
Snakes And Ladders – The Benefits and Pitfalls of Pan European Finance Systems
Henry Ford is the father of modern mass production. His production lines established Ford as the first global car manufacturer. Yet it was not until 34 years after his death that Ford produced their first global car – the Ford Escort. Ford set out to use common components worldwide, but by the time the Escort …
May 01
European Vision – Pan-European Finance Systems Delivery
For many international finance organisations there is a holy grail of a single system and standardised global processes that can deliver best practices and major efficiencies. But can a single platform meet all the diverse needs of the local businesses? Do the complexities, costs, delivery time and risk of global projects outweigh the benefits? In …
Jan 01
2009 – A Year of Change in Finance Systems
Despite the relative absence of large new clients, lease software vendors are still investing in their products, particularly their back office functions, reports Nic Evans in January 2010 Leasing Life. Finance Companies are expecting their technology to work harder in these tough times. As many organisations start new budget periods in the new year …