From people management to payroll & benefits, how can we simplify an increasingLY complex financial ecosystem?
15th November 2016 (8.30am-10.30am)
The Institute of Directors, Pall Mall, London
80% of UK organisations are service businesses, according to the Office of National Statistics. This means that their assets and budget are tied up in their staff.
In today’s modern workplace the data ecosystem is more complex than ever. We’ve got pensions auto-enrolment, data protection, dealing with time off, performance management, board reports, internal communications, etc. and a different tool to manage each one – if we’ve progressed beyond memos and spreadsheets, that is.
In addition, there’s a whole raft of related financial data that needs wrangling. Do you record hours for client work? Does your payroll data always add up first time? …..
How should businesses be managing this data spaghetti today?
We conducted a survey on data spaghetti, and received responses from companies both small and large, and those working both online and offline. Here’s what they told us:
- They use a mix of paper, spreadsheets and software platforms to manage people & financial data.
- 4 is the average number of data management platforms being used.
- 86% say either none or only a few of their platforms integrate with each other.
- Top issues when using multiple tools are the amount of time it consumes (100% of respondents!), followed by tool proliferation being hard to manage (71%) and lack of integration (57%)
- 72% thought the data ecosystem of people, payroll & compliance is too complex.
- 100% wished their systems were more integrated.
- 86% felt their systems worked but could be better.
- 58% spend too much time duplicating information across different platforms.
Accountants are then asked by their clients to make sense of it all.
However, accountants are also struggling with the same data issues – they can’t get the right information from their clients at the right time.
Our recent survey of accountants shows that they have the following issues.
We believe that there is a better way.
We believe that businesses and their advisors can work together to unravel their data spaghetti
and get real information to make better business decisions, more quickly and easily.
Join us to help develop a blueprint for data comms in today’s market.
Join this event to hear from top industry minds across accounting, entrepreneurship, and the UK
business community to find out what real data efficiency looks like, at a practical level.
lady barbara judge – the business ambassador
Chairman of the UK Institute of Directors and a UK Business Ambassador, at the end of June 2016 Lady Judge completed two terms as Chairman of the Pension Protection Fund. She has an unusually broad and successful career as a senior executive, chairman and non-executive director in both the private and public sectors, and was recently awarded a CBE for services to the financial and energy sectors.
Bobby lane – the accountants’ voice
Voted No.1 in the top 50 most influential sources of finance news and information on social media, Bobby is a chartered accountant with more than 17 years’ experience in professional practice and 5 years as a CFO for an international media agency. He’s been interviewed by The Telegraph, The Times, Sky News & The Mail on Sunday. In addition, Bobby is a member of the Accountancy Age advisory panel.
stephen ibbotson – the financial industry expert
Director of Business at the ICAEW, Stephen is also a regular contributor to City A.M. With an extensive background in Global VP of Finance and Financial Director roles for household name brands, Stephen has seen both sides of the accountant/client relationship. Stephen is frequently asked to provide comment on the future of the accounting industry on behalf of the ICAEW and understands the concerns experienced by accountants today.
Andy Bellass – the Expert Facilitator
With more than 25 years of strategic brand building. Andy has helped define, shape and launch some of the world’s most innovative brands, including Coca-Cola and Spotify. He’s a former Partner and Chief Strategy Officer at Splendid Communications, Strategy Director at creative hotshop Mother and prior to setting up hibob Andy had spent several years advising VC and startups in Silicon Valley and Israel.
- Help define best practice for the use of leading data tools for SMEs and their advisors
- Learn how to get the information you need from your data toolkit
- Understand the new technical expectations of UK businesses in today’s market
- Gather insights from key industry figures in an intimate setting
- Networking with senior peers & leading experts
- A delicious breakfast in a beautiful environment
About the venue
The Institute of Directors, 116 Pall Mall, London, SW1Y 5ED.
A Georgian landmark, designed by John Nash in 1820, 116 Pall Mall is a truly impressive venue.
Nearest tube: Charing Cross (Bakerloo & Northern lines)