Archives for OMNIKAL Blog

Financial Reporting Fatigue™ What is your RISK?

By Janice Leahy Your team is the foundation anchor of the financial reporting production function. You have strict deadlines to meet with voluminous deliverables, but that isn’t anything unusual for the team. You have a routine to run key critical processes, and you are confident internal controls in place are adequate. Yet, as another reporting cycle is upon you something is different in the report production process. There is an unanticipated failure and data integrity critical to the reporting cycle is suspect. You discover that the impediment affects more than one process because financial functions are intertwined. Checks and balances? Not
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6.5 Reasons Why Your Employees Are Disengaged

by Michael D. Brown In a recent Dale Carnegie Research Survey of 1500 employees, it was found that 45% of employees are not engaged and an additional 26% are actively disengaged in their work. An actively disengaged employee is actively looking for a job at another company, or has lost all interest in where they are currently working. That means 71% of employees are at some significant level disengaged in their work. Further research shows that companies with engaged employees outperform companies with disengaged employees by more than 202%.
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Supplier Diversity Notes : Spend Doesn’t Matter

Spend Doesn’t Matter By Kenton Clarke Founder & Social Entrepreneur | Omnikal Omnikal serves over 2,00,000 members and we receive feedback regularly from business owners who usually talk about two main themes.   Focus of large corporations on growing well established diverse companies Too much attention to “Spend” figures. We all know that supply chain strategies require a supplier to have a minimum scale and scope to enable global competitiveness of its customers and in a major corporation: “What Gets Measured Gets Done”. Mission It has been clear for the last few years that supplier diversity exists for 3 main
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Supplier Diversity: Food for Thought by Kenton Clarke

Supplier Diversity: Food for Thought by Kenton Clarke by Kenton Clarke For starters, let me share a brief definition about supplier diversity for those who may be unfamiliar with the term. “Supplier diversity is a business program amongst Fortune 1000 companies that encourages the use of privately-held companies owned by historically under-utilized businesses when purchasing goods/services.” Over the last two years, layoffs, program elimination and the overall economy have caused setbacks within supplier diversity programs. Today, there are indications that these setbacks have leveled off and appear to be on an upward trend. During this era, we have seen hiring
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Fortune 500 Diversity Procurement

Fortune 500 Diversity Procurement by Kenton Clarke Since the early 1950s, companies that supply the Federal government with goods and services have been required by law to have a supplier diversity program or initiative and to appoint a supplier diversity professional to manage the program. While these efforts typically began as token initiatives to meet the regulatory requirements, many large American companies have now developed world-class programs that provide substantial opportunity to historically under-represented groups and businesses. Unfortunately, there has been a distressing tendency in recent years for big corporations to measure the success of their supplier diversity programs by
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