Newsroom
Press Release - Close Cycle Rankings 2008
London, July 11th 2008. The most extensive global annual research into year end results announcements and audit timetables of the world’s largest companies has revealed that the UK has continued to stagnate, continental Europe continues to accelerate and the US has re-established its significant lead. The UK Top 100 companies have continued to stagnate with no significant change in the overall picture either for the preliminary announcement or audit sign-off metric in the last five years. David Jones, Director of Paragon Consulting Group, who conducted the research, comments “The UK stagnation is disappointing, but it is encouraging that there has been significant acceleration by some companies in the UK, for example Tullow Oil, Vedanta Resources, Intercontinental Hotels Group, Imperial Tobacco, British Energy Group, Shire Pharmaceuticals, British Sky Broadcasting and Lloyds TSB, all of whom have shaved at least 14 days off their time to close and announce year end results over the last five years. Sadly, there are still many companies who have just not caught on to how powerful the Close Cycle metric can be for driving finance improvement programs”. More information
CFO Europe - Fasten Your Seatbelts - The "fast close" is not just 1990s nostalgia
In a world where information is readily available from whizzy, web-enabled IT systems, few expect the pace of reporting to be the main culprit for such troubles. ...While it is true that since the late 1990s companies have taken great pride in their ability to accelerate the closing of their books, some have taken their foot off the accelerator in recent years. These companies harbour compliance-driven fears of disseminating inaccurate information, claiming that they now emphasise quality rather than speed of disclosure.Against this backdrop, new analysis of closing cycles by Paragon and BPM shows that, unlike Bradford & Bingley, the majority of companies are speeding ahead. More information
Press Release - Paragon Consulting and StrategicApps Consulting Announce Merger
Paragon Consulting Group and Strategicapps Consulting Announce Merger - Two leading Business Performance Management (BPM) consulting firms join forces to expand global network and deliver compelling value to customers across Europe, the Middle East and Asia Pacific. The new company will operate under the name Paragon Consulting Asia Pacific Pte Ltd. More information
Excellence in Leadership
Excellence in Leadership is an established series of official quarterly publications specifically designed to address the CPD needs of the top tier of CIMA members, who are the key decision-makers at some of the leading companies and commercial organisations in the world, including many in the FTSE 100. Written by a combination of industry peers and technical experts, excellence in leadership stands out as a must-read for this elite audience of CIMA members, and will help manage their career development while maintaining professional competence and employ ability. The editorial profile of each edition is comprised of interviews with leading practitioners and thought leaders who combine to create a publication that is a practical guide to business success. Paragon are proud to have contributed two articles to date. More information
Press Release - Paragon Releases Close Cycle Rankings 2007
BPM International Close Cycle Rankings 2007: UK stagnates, Europe accelerates and the US goes into sharp reverse Paragon Consulting Group and its BPM International consulting partners compared 530 of the worlds largest companies · UK Top 4 are Carnival, Northern Rock, British Sky Broadcasting and Imperial Tobacco all reporting year end results in 31 days or less · Average times to close for the UK FTSE100 have stagnated at 54 days, unchanged in 4 years · European Countries have continued to accelerate, biggest reductions in Switzerland, the Netherlands and France · US average time to close has increased over the same period, reversing the trend of earlier years. More information
Press Release - Group Reporting Results
Hyperion and Paragon Consulting point to lack of BPM adoption as major barrier to financial reporting reform…....Recent proposals for real time financial reporting from the Big 6 accounting firms are unlikely to succeed without the wider adoption of business performance management (BPM) approaches by European corporations according to Hyperion, the global leader in BPM software and leading BPM consultancy Paragon Consulting Group. More information
Press Release - Paragon Joint Venture Launches in Middle East
Hyperion and Paragon Consulting point to lack of BPM adoption as major barrier to financial reporting reform…....Recent proposals for real time financial reporting from the Big 6 accounting firms are unlikely to succeed without the wider adoption of business performance management (BPM) approaches by European corporations according to Hyperion, the global leader in BPM software and leading BPM consultancy Paragon Consulting Group. More information