July 2008 Finance departments are facing tough times and an over-arching control framework is needed that allows businesses to see the wood from the trees. The integrity of the balance sheet is likely to be fundamental in that assessment as it captures the future cash generation and funding requirements for the business. But how is that integrity achieved?

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June 2008 The Company announces that it was notified on 13 June 2008 of the purchase, on 11 June 2008, of 55,998 ordinary shares of 1p each in the Company by Capita IRG Trustees Limited at a price of 2.6 pence per Share.

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May 2008 The Company announces that it was notified on 13 May 2008 of the purchase, on 12 May 2008, of 39,727 ordinary shares of 1p each in the Company by Capita IRG Trustees Limited, at a price of 3.7 pence per Share.

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May 2008 Month-end close procedures are proving increasingly time consuming, with balance sheet substantiation being the most time intensive activity, according to a survey carried out on behalf of Business Control Solutions.

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Business Control Solutions provides management consultancy services and operational control software to financial institutions. Our people have operated at senior levels in global organisations and use this experience to help our clients fast-track solutions to complex problems. Our commitment to sustainable delivery has resulted in long-term, trusted relationships with our clients, who include six of the world's top ten banks.


BCS In the News 
 
Finextra.com: Download BCS's Financial Control and Reporting survey
 
Director Of Finance Online: Balance Sheet Integrity in Crunch Time
 
The Treasurer, June 2008: Seeing the wood from the trees

BCS Integrity™ provides instant visibility over the account substantiation process across multiple regions, business units, general ledgers and currencies, and enables senior management to quickly understand what balances are at risk, which accounts have been reconciled, who owns each account and what still needs to be done before the financial period closes.

BCS Consultants have delivered business transformation programmes within finance, risk, IT and operations across both the buy- and sell-side. Their extensive domain expertise helps our clients to fast-track solutions to difficult and complex problems.

 

 

BCS Operational Control Architecture® (OCA™) captures control certifications, key performance/risk (KPI/KRI) metrics, loss events and near misses, and combines this information into departmental scorecards and dashboards that give an instant measure of operational control and regulatory compliance.

BCS ResourceIT® provides highly skilled, motivated, professional, technical staff to work at your offices under your guidance and your normal working practices. Our flexible approach allows you to choose the engagement model and specify whether you want to manage the resources or set project targets and service levels that we need to meet.

 

 

BCS Agent Reconciliation and Control™ (Arc) provides a golden source of agent bank fee information that is used to generate fast, accurate, and easy to manage reconciliations of Agent Bank transaction and custody charges.

BCS Market Data is a service that optimises both the usage and the licensing contracts under which market data is purchased within an organisation, with the objective of creating a sustainable market data environment that evolves in line with business demand.