August 2021 Newsletter

Welcome to the Millennium August Newsletter!

With August here, it’s time to say farewell to the Tokyo Olympic Games and congratulate Team Great Britain on a creditable 4th place in the medal table. The next Olympics takes place in Paris in just three years’ time so preparation will soon be underway to continue the recent run of success achieved by GB. 

Millennium’s events schedule takes a break in August and resumes in September. The Annual Unit4 Financials User Conference takes place in London in October and will be an on-site event that will provide the opportunity to gather information and reconnect with people once again. We look forward to seeing you there.

 Continue reading below for further news from Millennium Consulting.


Early Bird tickets

Don’t miss out on securing your Early Bird tickets for our Unit4 Financials Global Conference 2021, click the link below: 


Latest White Paper: Steering the ship during times of extreme uncertainty

Our “Steering the Ship During Times of Extreme Uncertainty” paper looks at how critical FP&A is as we enter the phase of the unknown during & after COVID-19. It highlights important approaches that may prove valuable to those in FP&A across all verticals.

One of the key factors in successfully navigating through levels of uncertainty is a simple acknowledgement that you don’t know. You don’t know what will happen. You don’t know how long this will last. And you don’t know what the best way to handle it will be.

Therefore, in acknowledgement that we do not know, and fully encouraging alternative views, we attempt to highlight a few approaches that may prove valuable to you. We discuss:

  • Dumping your long-term plans.
  • Thinking short-term and scenario-based.
  • Developing an ‘options’ mindset.
  • Communicating and aligning teams.


We’re now registered providers with the CPD Certification Service

We are pleased to announce that we are now an official registered provider with the CPD Certification Service. Established in 1996, The CPD Certification Service is the largest and leading independent CPD accreditation organisation working across all industry sectors.

This means finance professionals undertaking courses run by Millennium Consulting count towards annual professional development requirements set by professional regulators. Any delegate attending the future courses will be issued with an accredited CPD Certificate of Attendance, which they can subsequently use within their formal CPD record for a professional body, institute or employer.

We are currently submitting courses for approval, and these will soon be available to book via the CPD Service.

Our accreditation can be verified by clicking this link: https://cpduk.co.uk/providers/millennium-consulting


Our July Beach Clean 

With their grabbers and gloves at the ready, our team swapped the office for the beach.

With the help of Folkestone & Hythe District Council, on Friday 22nd July the team headed out in the sunshine and fresh sea air to take part in a voluntary litter pick along Hythe beach.

At least 8 million tons of plastic find their way to our oceans every year and makeup 80% of all marine debris. Marine species ingest or are entangled by plastic debris, which causes severe injury and death.

Everyone has a part to play, no matter how great or small.

Watch our video below:


Employee Spotlight: Sauro Zani 

What is your favourite weekend trip?
I enjoy outdoor activities like hiking and cycling in the mountains in the summer and skiing in winter.

Who is your hero, and why?
My hero is Mario Draghi, the Italian prime minister. I think we had an unfit leadership in Italy in the last twenty-five years which my country didn’t deserve. Now things have turned to a proper level, with great relief for every “man of good will”.

This month we continue our Employee Spotlight series, a chance for you to meet the faces behind Millennium Consulting. Say hello to Sauro Zani.

We asked Sauro a few questions about his favourite weekend trip, what current professional skill is he working on, as well who is his hero! To find out more about our team, click here. 

Have you lived in another country?
I have travelled for work during the last 25 years, visiting almost every European country and further afield, from Dubai to Sweden, Portugal and Poland – but always lived in the town where I was born, the Italian Western Alps, in the beautiful countryside.

What is one professional skill you are currently working on?

Currently, I’m quite busy understanding the implications of the Cloud. In this year there has been a paradigm shift meaning we must gain awareness of all its implications.


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We’re now registered providers with the CPD Certification Service

We’re now registered providers with the CPD Certification Service

August 5th, 2021

Millennium Consulting is pleased to announce that they are now an official registered provider with the CPD Certification Service. Established in 1996, The CPD Certification Service is the largest and leading independent CPD accreditation organisation working across all industry sectors.

This means finance professionals undertaking courses run by Millennium Consulting count towards annual professional development requirements set by professional regulators. Any delegate attending the future courses will be issued with an accredited CPD Certificate of Attendance, which they can subsequently use within their formal CPD record for a professional body, institute or employer.

Millennium is currently submitting courses for approval, and these will soon be available to book via the CPD Service.

Jeremy Lucas at Millennium Consulting said, “I am pleased to announce that Millennium Consulting is working towards being able to offer CPD certified courses to finance professionals. This is not only further confirmation of the high quality of our services but also endorses our view of the importance of good assessment practice. Our CPD programme will allows you to keep up to date with the latest industry trends and best practice, learn new skills and develop existing ones.”

Our accreditation can be verified by clicking this link: https://cpduk.co.uk/providers/millennium-consulting


How Financial Planning & Analysis Must Harness Scenario Planning to Aid Decision Making

How Financial Planning & Analysis Must Harness Scenario Planning to Aid Decision Making


This whitepaper discusses how FP&A teams can harness the power of scenario-based planning to guide business leaders towards making informed decisions that ensure optimal performance during difficult times.

It is the responsibility of the FP&A team to guide business leaders towards making informed decisions that ensure optimal performance during difficult times. In doing so, they must harness the power of scenario-based planning. Below are the critical factors and steps in this process that we will discuss:

  • Identifying the key business drivers and critical uncertainties.
  • Generating multiple scenarios through decision tree thinking.
  • Being mindful of possible cognitive errors and be receptive to the external environment.
  • Harnessing the technological tools available to enable real-time planning solutions.

Download this Executive Insights Article

Steering the ship during times of extreme uncertainty

Steering the ship during times of extreme uncertainty


Our “Steering the Ship During Times of Extreme Uncertainty” paper looks at how critical FP&A is as we enter the phase of the unknown during & after COVID-19. It highlights important approaches that may prove valuable to those in FP&A across all verticals.

One of the key factors in successfully navigating through levels of uncertainty is a simple acknowledgment that you don’t know. You don’t know what will happen. You don’t know how long this will last. And you don’t know what the best way to handle it will be.

Therefore, in acknowledgment that we do not know, and fully encouraging alternative views, we attempt to highlight a few approaches that may prove valuable to you. We discuss:

  • Dumping your long-term plans.
  • Thinking short-term and scenario-based.
  • Developing an ‘options’ mindset.
  • Communicating and aligning teams.

Download this Executive Insights Article

Recording from IFRS17 Online Discussion 22/07/21

2021 is a critical year for insurers working on IFRS17 compliance programs involving new actuarial models and technology platforms. Successful systems implementation is crucial and UAT, systems integration testing and dry runs are the current primary focus. Many challenges remain and the ability to work collaboratively across business disciplines (Finance, IT, Actuarial etc.) is essential.

We have delivered more than 1,000 projects, leveraging teams of experts across business transformation, technology and stakeholder management. Change is a journey, and we have the knowledge and experience to support you at every stage.

FIND OUT MORE

July 2021 Newsletter

Welcome to the Millennium July Newsletter!

With summer now in full swing, July is shaping up to be an exceptional month of top-class sport. The wait for English football success continues when England reached the finals of the Euros but despite their valiant efforts were narrowly beaten on penalties by a determined Italian side. Wimbledon has also been taking place with Djokovic beating Berrettini to win his 20th Grand Slam title. Coming up next is golf with The Open taking place at Sandwich and there is also the British Lions rugby tour and the Olympics in Japan to enjoy.

The COVID-19 pandemic is receding and England is now just a few days away from the 19th July when the remaining restrictions will be lifted and normality will return. The remaining limits on social contact will be removed and large events will be able to resume without attendance limits or social distancing requirements. COVID-status certification will no longer be required as a condition of entry and face coverings will not be needed. With social distancing rules being lifted, the government will no longer instruct people to work from home.

We have a busy period ahead with over 6 events taking place this month. Continue reading below for further news from Millennium Consulting.


Join our Unit4 FP&A webinar. We will be scratching the surface on what Unit4 FP&A offers organisations from planning, budgeting, and forecasting processes, through to touching on more regulated requirements including IFRS16 and Financial Consolidations. The session is aimed at introducing how FP&A can help any organisation connect strategy and execution from a forward looking perspective.

Agenda:

A brief introduction to and overview of FP&A
Brief product demonstration of top down target setting
Dashboarding and self service analytics
Disclosure and reporting
Q&A

This free webinar continues the series of online themed events that Millennium runs to help ensure your finance department makes better use of Unit4 Financials.

Register here

IFRS17 Online Symposium

With the IFRS17 compliance journey for many insurance companies now progressing to systems build, development, UAT and dry runs, we are inviting senior IFRS17 change managers/sponsors to join this IFRS17 Online Symposium to hear about the experience of insurance peers.

This event is part of a quarterly series taking place throughout 2021 during which you will find out how insurers are meeting the IFRS17 compliance challenge.

The format is as follows:

2.00-2.10 p.m
Introduction

2.10-2.30 p.m
User Case Study with Stuart Johnson, Head of Finance IFRS 17 Implementation at Beazley

2.30-3.00 p.m
Case Study Q&A

3.00-3.30 p.m
Panel Q&A – panel to be confirmed

Register here

Our Millennium Raising Futures Kenya 2021 Golf Day

It’s fair to say that the summer of 2021 has been unpredictable weatherwise, so when the annual Millennium Consulting Raising Futures Kenya Golf Day took place on the 2nd July it was hard to know what to expect.

Faversham Golf Club in Kent played host and the event continued the tradition of supporting Raising Futures Kenya (formerly Vision Africa) over the past 16 years.

Heartfelt thanks are due to the loyal support of our many corporate sponsors, the players who took part and the event organisers without whose organisational skills the day would not have run so well.

The weather turned out ideal and with the golf course in good condition, an enjoyable day was had by all. The format was a Ryder Cup style competition with European v USA teams vying once more for the Millennium trophy. With evenly matched teams, this year it was the turn of Europe, captained by Craig Bassingthwaighte and vice-captain Malcolm Coton to emerge as victors.

Find out more about our successful day here.


Click the image below to find out more about our Unit4 Financials Global Conference 2021:


Employee Spotlight: Phil Leaf 

This month we continue our Employee Spotlight series, a chance for you to meet the faces behind Millennium Consulting.

Say hello to Phil Leaf

We asked Phil a few questions, such as what superpower he would choose, his worst job and what current professional skill is he learning – all the hard-hitting questions!

To find out more about our team, click here. 

If you could give your past self-advice, what would it be?
Live for today, tomorrow can wait.

What would your superpower be and why?
To travel through time. I read a lot so know about the past, but I am very curious about the future. I’m saving up for a DeLorean!

What is your favourite food?
Something from my childhood Tapioca pudding. It is very hard to get these days!

What is one professional skill you are currently working on?
I am currently gaining a better insight into the use of data archiving. It is a little understood, highly complex area, normally due to sub-optimal implementation.


Millennium Raising Futures Kenya Golf Day 2021

 Millennium Raising Futures Kenya Golf Day

July 5th, 2021

It’s fair to say that the summer of 2021 has been unpredictable weatherwise, so when the annual Millennium Consulting Raising Futures Kenya Golf Day took place last Friday it was hard to know what to expect.

Faversham Golf Club in Kent played host and the event continued the tradition of supporting Raising Futures Kenya (formerly Vision Africa) over the past 16 years.

Heartfelt thanks are due to the loyal support of our many corporate sponsors, the players who took part and the event organisers without whose organisational skills the day would not have run so well.

The weather turned out ideal and with the golf course in good condition, an enjoyable day was had by all. The format was a Ryder Cup style competition with European v USA teams vying once more for the Millennium trophy. With evenly matched teams, this year it was the turn of Europe, captained by Craig Bassingthwaighte and vice-captain Malcolm Coton to emerge as victors.

The 4-ball team prize was won by Ben Hunt, Harry Wallis, Mark Cranefield and Shoaib Laher. Harry Wallis also won the individual stableford prize and the ladies winner was Gwen Finch. The individual scratch score winner was Adam Bassingthwaighte who went round in a creditable 76. Closest to the flag was Roger Lightfoot whilst Harry Wallis extended his winning run by achieving the longest drive.

Covid-19 restrictions meant that the traditional pre and post round presentations/awards could not take place in the normal manner however Andy King of Raising Futures Kenya had recorded a video which brought us up to date with what has been happening in Kenya during this difficult Covid period. It is worth taking a few minutes to watch it as it highlights the value of the financial contribution we make each year from our golf day.

£3,000 was raised and we look forward to hearing from Raising Futures Kenya how the funds are used when we get together next year.

If you are interested in taking part in 2022 then please refer to www.millenniumconsulting.com for details and registration when available.


Unit4 Financials ‘Ask an Expert’ Event

Unit4 Financials ‘Ask an Expert’ Event

September 2021

Date and time TBC.

Register early interest here.


Whitepaper: post-COVID boom

2021 second half outlook: are you ready for the post-Covid boom?

2021 second half outlook: are you ready for the post-Covid boom?


“The big times are now”. This is how KPMG described the landscape in its June 2021 UK Economic Outlook. Certainly for sectors such as hospitality, leisure and nonessential retail, we seem to be firmly within revenge buying mode as pent-up demand is unleashed.

Here’s a closer look at the forecasts, and at the steps businesses can take to boost their ability to take advantage…

Download Brochure to read more

June Newsletter

June 2021 Newsletter

Welcome to our June Newsletter!

The summer solstice has passed but there is still plenty to look forward to this summer as Covid restrictions ease. The sporting calendar is packed with a phased return to in person attendance at events such as the Euros, Wimbledon and The Open golf.

With lockdown reducing and the government expected to advise on a phased return to the office, the second half of 2021 looks promising as the UK economy rebounds and returns to growth.


We are pleased to announce a strategic alliance with Hennessy IT Consulting

We have created a strategic alliance with Unit4 ERP Premier Partner Hennessy IT Consulting to deliver Unit4 ERP and FP&A software and services.

Millennium Consulting CEO, Philip Keet states that “The Millennium and Hennessy alliance will combine the strength of our companies, allowing us to be a focused delivery implementor, combining the Millennium’s expertise and customer-centric capabilities currently provided for Unit4 Financials to drive excellence in Unit4 ERP software and services delivery”.

Strategic Alliance with Hennessy IT

We sign a partnership agreement with Diesis

Millennium partnership with Diesis

Joining forces and sharing expertise, that is what the partnership between Millennium Consulting and the Dutch consultancy Diesis is all about.

Tino Wendriks, Managing Director at Diesis added: “Just like Diesis, Millennium can also call upon many years of knowledge and experience, both functional and technical. Our co-operation will lead to a further strengthening of both our positions in the Unit4 Financials market. Whereby we can help each other in supporting our international clients!”

We look forward to a successful partnership and continuing and deepening our support of the Unit4 customer base.



Our 2021 Golf Day is fast approaching!

The 2nd of July is almost upon us, how quickly has that come around?

Our 2021 Golf Day is set to be a great day, with all proceeds for the day going towards Raising Futures Kenya.

We have been a long-term supporter of Raising Futures Kenya, having been involved for over 17 years. In 2020 the Covid pandemic severely affected the organisation with reduced amounts of funds raised as the world descended into lockdown and the need to stay at home prevented face-to-face student training.

Millennium 2021 Golf Day

Photo of Chris Peall

Say hello to Chris Peall!

We have started our new Employee Spotlight series, a chance for you to meet the faces behind Millennium Consulting.

We asked Chris a few questions, such as the weirdest food he has eaten, 🐱 or 🐶, go-to karaoke song – all the hard-hitting questions!

  • What is one professional skill you are currently working on?

Product Management. Being accountable for all our products is a huge task. So much time and passion go into the development of our products, and for our customers, they are a critical part of realising their business goals.

  • How do you prefer to start your day?

Straight into the shower, followed by breakfast, a large cup of Yorkshire Tea (builders!), and then I hit the ground running with work. There is nothing like starting a new day to get the creative juices flowing.

  • Dogs or cats?

Dogs, although I like all animals. I have two dogs, Frodo is a Lab/Collie cross, and Pan is a Whippet/Greyhound/Collie cross. I prefer dogs as they provide a great excuse to go for a long walk in the country every day.

  • Go-to karaoke song?

I would not wish to inflict the sound of my singing on anyone. I love music and sing to myself, but I am utterly without musical talent. I have a very wide-ranging taste in music; from classical, Viking death metal, rock, pop you name it.

  • Weirdest food you have ever eaten?

Many years of army life has seen me eat pretty much everything. The weirdest though was when I was in the Arctic. We ate what was basically hot jam with porridge oats. It was so dry the oats stuck to the roof of your mouth. I swore I was never going to eat it again and when lockdown happened, I began to fear what was left in my cupboards!


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