Om Mushroom Superfood’s Post

Since I've been doing the job for a few weeks, it's probably past time to note it here. After working for the same person since May 2015 - but doing a wild array of jobs (writing SLAs that governed the interaction between the trading function and the retail businesses; quantitative risk analysis; helping manage internal governance across the trading function) I'm moving on. All the way back to Forecasting - where I'll be project managing a major development project, and trying to encourage stanardisation across the wider trading function in how we engage with IT and the cloud services they offer. I'm enjoying it so far, and looking forward to getting more into the substance of it. While my "specialist subject" is probably trading - particularly in it's interaction with I&C supply - I'd say my main skill has always been "translation". Whether that's between traders and sales, IT and managers, lawyers and accountants, or analysts and, frankly, everyone. This job should give me a bunch of new stakeholders, and the opportunity to brush up on the more technical "languages" - though if I start actually writing any code, things have probably gone wrong!

Check it before you send it! How many times have you received data from someone who has obviously done the least amount of work possible in creating a query & running it? No basic sanity checks appear to have been done!   - Is all the data there?   - Why does one column have 80% of the values missing? - How come 99% of invoices are non-PO? - Why are 0% of invoices on hold? - Why is there an amount/price in data, but no currency? . . . and then add another layer . . . the data is not formatted (think dates!) and not ordered in any way  . . . or it is ordered and they just don’t tell you how it is ordered!! I think it has a lot to do with context, common sense & care: - Context: I tell people why I want the data I have asked for; this will help them translate your want into the query needed - Common sense: Having understood the context & built the query, the basic checks should become easier to go through before sending to you - Care: that all care results can be right 1st time and be shared to a wider audience without the need for revisions #B2B #procuretopay #suppliers #supplychain #processimprovement #compliance #MDM This post is my personal opinion. This content is not read or approved by my employer before it is posted and does not necessarily represent their positions, strategies, or opinions.

🔒 Implement Internal Controls to safeguard assets and maintain accurate financial records in the retail industry! 🔐 Internal controls are crucial for retail businesses to prevent loss, fraud, and ensure accurate financial reporting. Here are some essential tips to consider: 📌 Separate Duties: - Assign different individuals for handling cash, inventory, and financial transactions. - This segregation of duties reduces the risk of errors and fraud. 📌 Regular Auditing: - Conduct periodic internal audits to review financial records, inventory, and cash handling processes. - This helps identify discrepancies and provides an opportunity for corrective actions. 📌 Cash Handling Procedures: - Establish robust cash handling procedures, including daily cash reconciliations and secure cash handling protocols. - This reduces the risk of cash theft or misappropriation. 📌 Inventory Management: - Implement a robust inventory management system to track stock levels accurately. - Regularly reconcile physical inventory with recorded inventory to identify any discrepancies. 📌 Access Controls: - Restrict access to financial systems and sensitive information to authorized personnel. - Implement password policies and regularly review access privileges. ✨By implementing these internal controls, retail businesses can safeguard assets, maintain accurate financial records, and mitigate the risk of financial loss or fraud. #retailindustry #fmcg #cma #jobopportunity

⚠ATTENTION!! I am super excited to announce the expansion of our international data coverage! 🌍Our customers can now access over 430 million business credit reports across more than 200 countries and territories! 📞For information about this, contact me directly to schedule a time to connect, or click the link below. #creditsafe #b2b #data #businesscredit #businessintelligence #creditmanager #cfo #controller #accountsreceivable #creditandcollections #demo #freereport #creditriskmanagement #internationalbusiness

📢 BIG NEWS! 🎉 Over the years, we have prided ourselves on providing the best global data coverage in the industry, and today we're excited to announce the expansion of our international data coverage! Our customers can now access over 430 million business credit reports across more than 200 countries and territories! This expansion opens up a new world of opportunities and allows our customers to onboard and explore new customers and suppliers from across the globe. Along with our unrivalled customer support, you can access the tools you need to grow and expand your business. Check out the details of our latest international coverage below! 👇 https://lnkd.in/eUZpmyXE #news #companynews #dataexpansion #onboarding #supplier #supplychain #risk #creditrisk #creditreports #reporting #businesshealth #b2b #team #automation #compliance #globaldata #globalcompanydata #announcement #accountmanagement #customersupport 

opportunity

There has been a lot a discussion (and confusion!) on how firms should practically implement the Consumer Duty. Fortunately, the FCA recently published a helpful update on good practice / areas for improvement. Our article tells you everything you need to know: https://lnkd.in/esW78UMx Please feel free to reach out to learn more. #Proskauer #FinancialRegulation #ConsumerDuty

In today's globalized world, supply chains are complex ecosystems. But what happens when the inner workings of this system become murky? When transparency is lacking, organizations face a multitude of risks that can significantly impact their bottom line and reputation. Imagine a company receiving thousands of invoices every month. These invoices arrive in waves, reflecting seasonal trends and industry payment norms. The sheer volume necessitates rapid processing to ensure timely payments. However, manual processing in a system with poor supply chain transparency creates a breeding ground for errors and vulnerabilities. The Risks of Opacity: 👉 Erroneous Invoices: The high volume makes it difficult to detect errors like incorrect bank details, duplicate invoices, or discrepancies with agreed-upon terms. 👉 Fraudulent Activity: A lack of transparency creates opportunities for fraudsters to exploit weaknesses in the accounts payable (AP) department, submitting fake invoices that go unnoticed. Consequences of Inaction These risks can have serious consequences: 👉 Financial Loss: Erroneous or fraudulent payments can lead to significant financial losses for the organization. 👉 Compliance Issues: Failure to detect discrepancies can result in non-compliance with tax regulations or other financial reporting requirements. 👉 Damaged Relationships: Disputes over invoices can strain relationships with legitimate suppliers. #skalable #SupplyChain #RiskManagement #InvoiceProcessing #Compliance #SupplierRelationships #Automation

Are you ready to supercharge your #CreditRiskManagement?  Look no further than Rubix Data Sciences! Our Credit Decisioning Solutions, including the Rubix ARMS Platform, are here to transform the way you do business. 🔍 Deeper Insights about Customer Credit: We're all about the data! Leveraging structured and unstructured data from 120+ sources we provide comprehensive information, predictive risk analytics and visualisation tools to give you a comprehensive view of the credit risk of your customers, distributors and dealers. Rubix helps you assess the risk of your customers irrespective of size (large companies or SMEs), legal constitution (incorporated entity, partnership, proprietorship) and location (India and overseas) 💰 Improved Profitability: Make consistently smart credit decisions that help you assess risk objectively for customers, dealers, distributors, and franchisees. Boost your profitability with ease. 📈 Proactive Credit Risk Management: Take control of your credit risk like never before. Our solutions empower you to proactively assess, monitor, and mitigate credit risks of existing and prospective customers, foster collaboration between sales and finance teams, , and seamlessly integrate with your organisation's systems, processes, and data sources. 🌟 Adaptability: We're not just about today; we're ready for tomorrow. Our solutions evolve with your business and risk priorities. Stay compliant with local regulations and steer clear of non-compliant or litigious partners. Join the ranks of over 850 forward-thinking companies, banks and credit insurance companies reaping the benefits of Rubix's modern credit risk management platforms. . . . . . #CreditRiskManagement #RubixDataSciences #DistributionRisk #DistributionChains #RiskMonitoring #SupplyChainRisk