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.
Project Managing Finance Transformation: Challenges and Solutions for a Virtual World
Project Managing Finance Transformation: Challenges and Solutions for a Virtual World
We are currently experiencing what appears to be a long-term shift towards virtual working. This means that many managers tasked with the delivery of major finance transformation projects may need to rethink their approach. In other words, if the virtual team has become a permanent fixture, what needs to change to ensure your management techniques, processes and tools remain fit for purpose?
Here’s a closer look at what has changed, at the challenges it raises, and at how to adapt your approach to ensure successful project delivery.
Millennium Professional Services Aptitude Software Practice
Millennium Professional Services Aptitude Software Practice
Since 2008, regulatory compliance has assumed far greater importance within the Financial Services sector with organisations having to grapple with new legislation such as Sarbanes Oxley, MiFID, Basel, Dodd Frank as well as changes in IFRS reporting.
In response, Millennium Consulting has been supporting clients with digital and finance transformation and enterprise architecture design.
Unit4 Financials Consultancy, Development and Support Brochure
Unit4 Financials Consultancy, Development and Support
Millennium Consulting are experts in business transformation, accounting, software development, regulatory compliance, and the impact of business and technology change.
For 27 years, Millennium have provided global solutions and services across the world’s most demanding industries, with customers in finance, retail, logistics, construction, and manufacturing.
New appointments
New appointments
February 24th, 2021
Millennium Consulting is delighted to announce the appointments of Sam Guilding, Jeremy Lucas, Adam Leach, Chris Peall, Lucy Keet and Sam Keet.
Sam Guilding has been appointed Head of Marketing with responsibility for on and offline. She joined Millennium with over 10 years experience working within PR and Social Media across multiple sectors.
Jeremy Lucas has been appointed Director of Professional Services & Consulting and has assumed overall responsibility for client program delivery. He is a senior financial market professional with over 20 year’s Banking and Management consulting experience.
Adam Leach has been appointed Principal Technical Consultant to play a key role in developing the Insurance market sector consulting operation with particular focus upon accounting rules engine technologies such as Aptitude to support IFRS17 regulatory compliance. He is an experienced Senior Developer and Data Analyst with a successful record working as a consultant within the Insurance, Banking and Telecom sectors.
Chris Peall has been appointed Project Manager with responsibility for managing cross- industry projects across multiple technology platforms. He joins bringing a successful record of project delivery focussing upon data science and supporting businesses modernise their data landscape.
Lucy Keet has been appointed Social Media Manager with responsibility for delivering the Millennium message across multiple social media platforms. Previously she worked as a Marketing Executive within the Retail sector.
Sam Keet has been appointed Client Services Executive within the marketing department to enhance client communications. Prior to joining Millennium, Sam worked within recruitment in the City of London.
We are excited about the team emerging at Millennium as we put the foundations in place to prepare for the coming post-pandemic era.
IFS AB
IFS AB
IFS AB (Industrial and Financial Systems) is a multinational enterprise software company headquartered in Sweden. It develops and delivers enterprise software for global customers that manufacture and distribute goods, maintains assets and manage service-focused operations. The company operates in three regions: The Americas, Europe and APJ&MEA.
With IFS Applications and powerful service management and mobile functionality, IFS has pioneered component-based service management and ERP software. IFS Enterprise Service Management in the meantime is a leader in field service management, mobile workforce management, reverse logistics and more. IFS Applications provide increased ERP functionality, including CRM, SCM, PLM, EOI, enterprise asset management and MRO capabilities.
Looking Ahead: How will Covid-19 shape 2021
Looking Ahead: How will Covid-19 shape 2021
Much of 2020 was spent in firefighting mode. We were reacting to events, hastily putting together workarounds in the face of unexpected problems and focusing on survival.
2021 will be different. For one thing, the vaccine rollout means that restrictions on movement and contact will (hopefully) ease. So, can we expect economies and businesses to revert back to their pre-Covid state? Probably not. While Covid-19 threw up new challenges, it also accelerated trends that were there already. From our attitude to the daily commute, right through to the c-suite decision-making process, things have shifted – and those changes will most likely remain.
Here’s a closer look at some of these key trends and how they are likely to shape the coming year.
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Five Solutions to Streamline your Accounting Process
Five Solutions to Streamline your Accounting Process
February 12th, 2021
Even with the power of Unit4 Financials at your fingertips, there are still several ancillary processes that exist within the finance ecosystem that can benefit from greater automation and streamlining.
From invoice matching to document scanning, discover the modules and add-ons that can drive efficiency and reduce operational risk in your finance function.
1. Purchase Order Processing (POP) / Purchase Invoice Matching (PIM)
Unit4 Financials Purchase Order Processing (POP) and Purchase Invoice Matching (PIM) enable you to better understand, control and manage costs.
The modules provide improved invoice matching, budgetary control and cash flow forecasting to help you:
- Approve costs before incurring them
- Enhance internal controls
- Take committed costs into account
- Consolidate your costs
- Improve your reporting output
POP and PIM enable you to make better decisions and increase project profitability across your finance function.
2. Billing
Fully integrated with the core Unit4 Financials framework, the Billing module simplifies your invoicing process – removing the need for integrations with third- party billing systems.
The user-defined product catalogue, with individual item characteristics and rules, ensures accurate, complete and up-to- date data in your invoices and general ledger.
You can also easily design invoice templates, define invoice layouts and statements.
The module provides you with:
- Item Catalogue for Purchasing & Selling
- Drag and drop functionality to design and customise the layout of screens
- Configurable data entry screen
3. MBilling Icorp
For firms that require complex functionality (or need to send out high volumes of sales invoices), a comprehensive sales invoicing/ billing solution is essential.
Seamlessly integrated into Unit4 Financials, MBilling powered by Icorp supports high-data volumes and contains powerful billing / sales invoicing functionality – including a comprehensive rules engine, smart algorithms and data bridging.
Transform your accounting processes with intelligent software that can extract information from any source system, reducing operational risk and improving efficiency.
4. Invoice4 Document Scanning & OCR
Transform your approach to the Accounts Payable process with Invoice4, enabling you to receive 100% of your invoices electronically from day one.
By directly receiving purchase invoices (whether paper, PDF, email, XML or EDI), Invoice4 introduces a new starting point. It allows you to view accurate, cleansed electronic invoices from your existing Unit4 Financials system without the need for extensive data entry and associated errors.
Fully integrated and certified, the solution provides the lowest risk and most cost-effective means of capturing purchase invoices, giving you a great head start in processing invoices with the highest levels of efficiency and effectiveness.
5. Digital Invoicing
Digital Invoicing gives you an efficient method for transmitting and storing invoices – streamlining your Sales & Purchasing processes.
It also helps you to reduce the use of paper and the associated costs of printing, shipping and storage.
The module allows you to produce, transmit and store electronic invoices in XML format – giving you greater control over the elements contained in each document.
It provides you with the ability to map and post incoming invoices into Unit4 Financials, while producing XML files from outgoing invoices.
Contact us for further details
If you would like any further information on this subject, please submit your details and one of our experts will be in touch.