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The New Public Management initiative in the 90’s had a tremendous impact on the principles of public administration. Cost transparency and customer orientation have become strategic goals. The public sector is still in motion: eGovernment is a new trend that also progresses the idea of customer orientation. International studies document that eGovernment has become a well known phrase in many countries...
Die Verflechtung von Industrie- und Handelsunternehmen mit Finanzdienstleistern wächst. Ebenfalls nimmt die Industrialisierung der Finanzwelt stetig zu. Das aus dem Supply Chain Management hervorgehende Financial Chain Management adressiert Fragestellungen der Finanzflüsse in und zwischen Industrie- und Handelsunternehmen sowie Finanzdienstleistern. Um zielgerichtet Verbesserungspotenziale in den...
Besonders in Zeiten schwachen Wirtschaftswachstums sind Unternehmen gezwungen, die Profitabilität durch Effizienzsteigerung aufrecht zu erhalten bzw. zu erhöhen, um negative Auswirkungen auf den Aktienkurs zu vermeiden und die Liquidität mittel- und langfristig zu gewährleisten. Die Sicherung einer ausreichenden Liquidität wird zunehmend dadurch erschwert, dass die Banken bei der Vergabe von Krediten...
Financial processes are often treated as a typical secondary process. As a result, substantial optimization potential remains unexploited. Based on an empirical study, in this paper a generic financial chain is developed and used to identify areas for improvement. Especially the invoicing subprocess offers great potential for integration. 28% of all invoices are incorrect, mostly (83%) due to faulty...
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