Steering the ship during times of extreme uncertainty
Steering the ship during times of extreme uncertainty
July 2021
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.
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.
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.
2021 second half outlook: are you ready for the post-Covid boom?
2021 second half outlook: are you ready for the post-Covid boom?
June 2021
“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…
Millennium Consulting and Hennessy IT Consulting announce Strategic Alliance
Millennium Consulting and Hennessy IT Consulting announce Strategic Alliance
June 9th, 2021
Unit4 Financials Elite Partner Millennium Consulting and Unit4 ERP Premier Partner Hennessy IT Consulting have today announced a strategic alliance to deliver Unit4 ERP and FP&A software and services.
Founded in 1995, Millennium Consulting is a Unit4 Financials software and services company with offices in the UK, Italy and the United States whilst Hennessy IT Consulting has offices in Scotland and Ireland delivering Unit4 ERP software consultancy and was established in 2010.
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“.
The alliance will subsequently be formalised in a Joint-Venture company which will enable each party to contribute fully to enabling customers to successfully deploy software from the Unit4 product suite.
Millennium Consulting and Diesis Sign Partnership Agreement
Millennium Consulting and Diesis Sign Partnership Agreement
June 9th, 2021
Joining forces and sharing expertise, that is what the partnership between Millennium Consulting and the Dutch consultancy Diesis is all about.
Separately both companies have more than 25 years of experience with Unit4 Financials. The companies already meet regularly in the field and share experiences and knowledge around Unit4 Financials. With this agreement, the co-operation between the only two Global Unit4 Financials Elite partners is confirmed.
Jeremy Lucas, Chief Operating Officer of Millennium Consulting said: “I am delighted about the partnership agreement with Diesis. We are looking forward to working together and using our extensive experience and combined knowledge to greatly enhance the support of Unit4 Financials clients globally.”
Tino Wendriks, Managing Director at Diesis added: “We have known Millennium for a long time since we both have been operating on the Unit4 Financials (Coda) market for more than two decades. 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.
ICORP Complex Billing
ICORP Complex Billing
Simplifying complexity is our speciality. ICORP Complex Billing®. It’s an independently developed software that can be customised to perfectly fit your billing complexities.
The applications ICORP provide include complex billing, credit management, quoting, time tracking, data collection and business intelligence.
Visualising Organisational Change: Why You Need a Target Operating Model
Visualising Organisational Change: Why You Need a Target Operating Model
Successful transformation requires clarity not just on what you are trying to achieve, but also on the best operational set-up to achieve it. This is where a Target Operating Model (TOM) comes in: a high level representation that shows how your business will be organised to deliver on its transformation strategy.
Here’s a closer look at how a TOM can help you visualise and then execute major change.
Recording from IFRS17 Online Discussion 22/04/21
The regulatory landscape is shifting as firms face ever-tighter standards. We help you understand and navigate these changes.
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.
Millennium Consulting continues expansion by moving to new UK head-quarters
Millennium Consulting continues expansion by moving to new UK head-quarters
March 24th, 2021
Next week on Monday 29th March, Millennium Consulting will be moving to new head-quarters in the former NatWest Bank building in Hythe, Kent, England. Since 2017 the building has been empty following the closure of the branch however an extensive refurbishment/modernisation program has taken place in recent months and the building is now ready for occupation.
“We are looking forward to moving to this beautiful Grade 2 listed building at the heart of the local Hythe community. Our Kent employees live in Hythe and the surrounding areas and we expect the new office will become a dynamic collaborative hub for the business. We are excited about the team and infrastructure we are putting in place as we prepare for the post-pandemic era.” Philip Keet, Millennium Consulting CEO.
In 2020, Millennium Consulting celebrated 25 years supporting clients with Finance Transformation and Regulatory Change programs. Having started out in 1995 as a specialist finance systems consultancy, the wider challenges of Y2K were soon recognised and attention switched to transitioning a diverse range of clients to new Y2K compliant software. Based initially in the City of London, the company relocated to Hythe in 2009.
Today Millennium Consulting is an international management consultancy that supports clients with the deployment of next generation financial and operational technology. The company works globally across multiple industry sectors and has teams located in Italy and the US.
In 2020 Millennium was awarded Elite Partner status by Dutch ERP software vendor Unit4. The Unit4 global partner program launched in June 2020 operates across three levels focusing upon capabilities, contributions and customer satisfaction and Elite status is the highest level within the partner program.