We’ve been bent over and bankered at a cost of £46,774 per person

The current Barclays scandal has gathered momentum and has now gone way beyond “it had insufficient business controls” as the recent Guardian article today, Barclays Libor scandal: how can we change banking culture? spells out in graphic detail. The UK population has been well and truly bankered. To sum up the excellent article According to the IMF, the British stuck £1.2 trillion behind the finance sector. Read that again: well over a trillion pounds in bailouts, and loans and state guarantees on bankers’ trading. In just a few months, and with barely any public debate, every household subbed £46,774 to … Continue reading We’ve been bent over and bankered at a cost of £46,774 per person

Why Quality Management never got sexy and made it big

Nimbus Control started off 15 years ago as a Quality Management tool used by Quality Managers but we quickly realised that we were only selling one copy of our software to each company, which the Quality Manager used. That was not a great business model if world domination was the aim!  There are still some companies who were competitors way back then who still have this business model. They make a living, but sadly little more. So we changed our software approach and addressed the fundamental problem that Dilbert has highlighted. Often the Quality Manual is something created simply to … Continue reading Why Quality Management never got sexy and made it big

TIBCO acquired Nimbus; 10 weeks on it gets emotional

TIBCO acquired Nimbus at the end of August and there was the inevitable post-M&A activity. Now for those cynics who have been through this before, they will tell you that M&A stands for Murder and Attrition. So what has it really been like? That’s what every one asks me. Firstly TIBCO acquired a company with a stable product, strong revenues, fiercely loyal customers, and a clear vision for growth. So it was not a distressed technology purchase that could be neatly slotted into a product portfolio. TIBCO recognized that Nimbus’ value proposition could take TIBCO to the business audience in … Continue reading TIBCO acquired Nimbus; 10 weeks on it gets emotional

Process Governance is Competitive Advantage #bpm #governance #compliance

For some industries governance is not optional such as Food and Pharma who are regulated by the FDA, or banking who are regulated by the FSA.  Arguably every US company is highly regulated due to SarBox, but the penalties for non-compliance are less painful so it is taken less seriously.  The FDA imposes punitive fines and even charities are not immune – the American Red Cross was fined $16million and in 2010 the FDA collected over $3 billion in fines. So governance is seen as an unavoidable cost to be kept as low as possible. Lowest cost compliance.  For any … Continue reading Process Governance is Competitive Advantage #bpm #governance #compliance