Enron Mail |
Hello team -
How does Enron define their back office processes? It seems that every organization has their own definition of "back office" and the processes that fall within it. So, I was curious to know if we had a consistent breakdown for Enron. What I'm wondering is if there is a "common language" across Enron. Let me explain where I'm going with this question - I know that there will be participants from many parts of Enron at the session so we might have a risk of different definitions or assumptions being used during the conversations. If the groups define processes differently, even slightly, there could be some confusion if we start a conversation at the session around the kinds of services to be offered. To give you an idea of what I've seen, here are some different breakdowns or "models" used: In Derivatives Strategy magazine's annual technology assessment, the following breakdown is used to evaluate software products: Deal Capture Special Deal Entry EOD Mark to Market P/L Calculations Settlement Confirmations Payments Payment Netting The Bloomberg model, as depicted in Wall Street & Technology, January 2001, has the following high-level components: Trade and Order Management Electronic Trade Confirmation Trade Allocation Settlement Instructions Electronic Settlement Links Let me know your thoughts on this. If you think there is a significant risk of different groups using different definitions for Enron we might be able to build in an exercise early on to get us over the hurdle. Lisa P 5-6352
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