Yearly Archives: 2010
How has SOX 404 affected your bottom line?
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 […]
How important is forecasting to the cost accounting function at your company?
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? […]
Does your company use spreadsheets for your budgeting, planning and forecasting processes? Are you satisfied?
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 […]
Is your company suffering from having too much information and a limited ability to extract relevant data to make smart business decisions?
From “Reaching for Analytics” in Business Finance Magazine: In today’s world of information everywhere, business decision-making is often burdened with too much information. In fact, in a recent IBM Corp. survey of more than 225 business leaders, more than one-third said that they have significant challenges in extracting relevant information, using it predictively, and using […]
Budgeting or Planning – Which is most important for your organization?
Steve Player recently penned the article “Going Beyond the Budget” for Business Finance Magazine, where he opined that companies must move beyond the budget and focus more on planning. His view is that “budgeting is about money, while planning is about things – units sold, headcount required, truckload shipments, and so on. Budgeting sets limits; […]
What is the relationship between finance and technology leaders in your organization?
“CFOs and chief information officers don’t always see eye to eye, even on vital matters like risk management and cost control. But there may be more common ground between them than is typically thought.” This month, David McCann talks about the relationship between CFOs and CIOs and how there is much more common ground than […]
Impact:ECS Users Conference Goes Virtual
23 September 2009 Atlanta, Georgia FOR IMMEDIATE RELEASE In the current economic climate many find it difficult to incur expenses associated with attending conferences. At the same time, we are committed to educating our clients about the latest enhancements and uses of Impact:ECS so you can continue to benefit from the system. In an effort […]
Fieldale Farms Selects Impact:ECS Enterprise Cost System for Live-to-Fresh Poultry Operations
31 August 2009 Atlanta, Georgia FOR IMMEDIATE RELEASE Fieldale Farms knows chicken. The $750 million company located in Baldwin, Georgia, offers fresh and further processed chicken under its namesake brand and as private label products to food service and retail companies. Recently, Fieldale signed a software license and professional services agreement to install the Impact:ECS […]
New Social Networking Group for Cost Accountants at Process Manufacturers
30 July 2009 Atlanta, Georgia FOR IMMEDIATE RELEASE 3C Software, the leading provider of cost accounting software for process manufacturers, has just launched its first social networking group focused on finance, accounting and operations professionals. The group “Cost Accounting for Process Manufacturers (CAPM)†is dedicated to creating dialogue about the unique challenges faced by business […]