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Best Practices of High-Performance Finance Organizations (1st of a 4-Part Series)

Sponsored by Cognos with special guest David Axson

Date:Wed, May 18, 2005
Time: 2:00 P.M. ET
Duration:1 hour
Cost: Online FREE

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Summary

Compliance and Performance—Because Neither is Optional

A four-part webcast series

The pressure is intense: You have to align people, strategy, and financial resources to drive financial and operational performance. And you have to deliver under the “compliance microscope” to ensure that business controls both monitor and provide insight into a myriad of transaction detail. How do you do that?

In this series of four one-hour webcasts, industry experts will demonstrate how best-in-class organizations face the two-headed compliance-performance challenge.

Learn how to:

  • Automate and structure recurring management processes like consolidation and planning to establish accountability and ensure integrity.
  • Enable information transparency with business intelligence to communicate a common decision-support framework across the organization.
  • Institutionalize performance management to deliver better information through sustained compliance.

    Best Practices of High-Performance Finance Organizations

    Even as finance organizations struggle with increased volatility, competition, and globalization, performance remains paramount. At the same time however, compliance pressures can be overwhelming, consuming vast amounts of time, resources, and services—stealing the focus from other financial management processes.

    The cost of compliance is frequently—and mistakenly—seen as mere overhead. But the truth is—effective compliance speaks powerfully about an organization’s integrity. And a “compliance culture” provides a solid foundation for sustainable high performance.

    In this first one-hour webcast in our series, David Axson, president of The Sonax Group and former head of corporate planning for Bank of America, will share his vision for compliance and performance opportunities in the Office of Finance.

    David will describe how companies are addressing compliance challenges while realizing performance benefits, and he will highlight:

  • Requirements for organizations to drive better performance.
  • The move from stop-gap compliance to ongoing compliance.
  • Management processes that improve performance and support compliance.
  • Linked performance and compliance attributes and the management processes that support them.

    In addition, Cognos experts will describe how organizations can address the compliance challenge by:

  • Automating and structuring recurring management processes such as consolidation and planning to establish accountability and ensure integrity.
  • Enabling information transparency with business intelligence to establish a common decision-support framework throughout the organization.
  • Institutionalizing performance management to deliver better information as a result of compliance.

    Special Note to IT Executives: This web seminar will help you better understand the implications of the compliance mandate for your peers in Finance. And it will offer insights on better integrating your systems to meet common compliance—and performance—objectives.


    • Presenters
    • David Axson

      David Axson

      Founder and Partner,
      The Sonax Group




    Transcript

    In this first of this four part series, this webcast explores compliance performance, focusing on understanding where compliance and performance fit together, understand where technology solutions can be active enablers to the bigger problem of compliance and governance, and just take a look at the road maps for both of those.

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