As the reality of the economic impact of coronavirus sinks in, you need to explore cost-cutting alternatives. As part of the #coronavirus recovery strategy, leaders of businesses have been conducting a business assessment to identify possible revenue leakages in terms of process redundancy and inefficiency, time, and resource wastages in unnecessary procedures and control weaknesses leading to theft and or fraud losses. One of the silent areas that lead to revenue leakage is unproductive staff on the payroll. We call them the ‘corporate fat.’ This is where the payroll is bloated by staff who do not put in their best…

Have you updated your strategy yet? In these coronavirus times, the sure way to thrive is by implementing an organic strategy. When it comes to growth, direction beats speed. If you are in Entebbe and expected to be in Nairobi city in the next five hours, it does not matter how fast you move if you are in a vehicle or plane heading in the wrong direction, all your speed and effort will be useless. Those who win move faster in the right direction. A strategy is about direction. Execution is about speed. Simply put, in the game of business,…

Whoever sent coronavirus to the world is anti-mankind. So many things we used to take for granted have now become a sort of exclusive. Whether it is traveling, attending parties or social events, people are so careful and worried. It is just six months of ‘social distancing’ but these days people look at you and your hands with a lot of suspicions. It is as if you are the coronavirus ambassador. In the same spirit, no one wants to go to the banking hall to process transactions that could be done digitally. It is even worse when the bank asking…

I have some unbecoming behaviours. One of them is the tendency to pull my beards when I am puzzled and confused about life’s happenstances. It comes subconsciously. Some time back, my wife would point the vice to me, but she failed to help me stop it, maybe due to failure to suggest an alternative action. So, all my deliberate effort to remember not to pull the beards on my cheek and chin failed. But she helped me to become conscious of the vice. Since the coronavirus home lockdown, I shifted my office to home. I am the teacher, career guide,…

The year was 2007. I was working in one of the big four audit firms. During one of the assignments, we sat down with an IT staff and asked him for an audit log. We did not stop there. We requested for the extract of all transactions to MS Excel. Download the  summitBI Data Analytics Tools A few days later, we got the information we had asked for on a thumb drive aka flash disk. We were excited. We then started performing our external audit procedures. However, without data analytics skills, our work was limited to just sorting. Like any…