Archive for August, 2010

How have the changes in the world economy affected how your company views cost management?

Tuesday, August 31st, 2010 | Posted by admin in Blog

A recent article published by Jonathan Schiff and Allen Schff discussed the importance of cost leadership to tackle these challenging economic times. Their premise is that “cost leadership is reflected in a culture that, independent of macroeconomic circumstances, pursues a lowcost, high-quality, customer-centric approach to managing the business.”

Read the entire article here:
http://www.allbusiness.com/economy-economic-indicators/economic-conditions-recession/13422252-1.html

How have the changes in the world economy affected how your company views cost management?

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Is your finance role “strategic”?

Tuesday, August 31st, 2010 | Posted by admin in Blog

Alix Stuart of CFO.com asks this question about the role of CFOs in today’s businesses. Do you find that your role has become more or less strategic over time? And, does this change benefit the company?

Read all of Alix’s article here:
http://www.cfo.com/article.cfm/14449015/c_14452660?f=home_todayinfinance

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How has SOX 404 affected your bottom line?

Tuesday, August 31st, 2010 | Posted by admin in Blog

Recently, CFO.com published an arcticle that shared the following fact: “In a study that took nearly two years to complete, the Securities and Exchange Commission concluded what CFOs at small, publicly traded companies have suspected for years: they’ll have to pay a disproportionately higher amount to comply with the internal-controls portions of the Sarbanes-Oxley Act than larger companies.”

Read the entire article here:
http://www.cfo.com/article.cfm/14445711/c_2984368/?f=archives

How has SOX 404 affected the way your company does business? Does the regulation keep your finance, accounting and IT teams away from more value-added activities?

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How important is forecasting to the cost accounting function at your company?

Tuesday, August 31st, 2010 | Posted by admin in Blog

Most people associate cost accounting with analyzing past events – calculating actual costs, analyzing yields and variances, and creating reports. More and more, companies are looking for ways to grow their cost accounting function to include predictive analysis to help with decision-making throughout the organization.

How has the cost accounting function changed in your company? Is there a bigger emphasis on forecasting future performance? And, what tools are you using to implement this new approach?

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Does your company use spreadsheets for your budgeting, planning and forecasting processes? Are you satisfied?

Tuesday, August 31st, 2010 | Posted by admin in Blog

BPM Partners recently performed a survey of midsized enterprises to better understand their budgeting, planning and forecasting practices. According to the results, “Of the 138 survey respondents whose primary planning, budgeting and forecasting technology is spreadsheets, only 27% of respondents say their finance staff is “very satisfied,” as compared to 47% of those whose primary technology is an automated performance management application.”

Read about the survey: http://www.b-eye-network.com/view/11452
What are the challenges your company faces using spreadsheet tools for the budgeting and planning process? If your company has invested in an enterprise solution, how has it improved the process?

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