From the November 2008 issue of Treasury & Risk magazine

Silver AHA Award Winner in Corporate Governance

Government agencies are not known for innovation, and back in 2000 the Province of British Columbia was no exception. A Hackett benchmarking survey indicated that the staff spent 77% of their time processing invoices--20% more than the most efficient corporations.

"No common processes existed to identify common errors, risks and the root cause of problems related to expenditures and payments," says Shyrl Kennedy, executive director of the province's relatively new Corporate Compliance and Controls Monitoring Branch (3CMB).

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