The Federal Trade Commission is mailing 93,086 refund checks totaling nearly $2.3 million to consumers who allegedly were charged hidden fees tied to a bogus work-at-home product. By deceptively using the name and logo of the Internet search company Google Inc. and falsely promising that consumers could earn $100,000 in six months, the FTC charged, […]
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September 20, 2012
CFO: Whatâs driving the finance organizationâs increased focus on information management? Bill Hewitt: Users demand a âsingle source of truth,â but they canât get accurate, consistent information in time to affect major business decisions. With most information in silos, managers and executives canât view information in a holistic business context. While we see this across […]
Retail, commercial and capital marketsâ banking organizations face tremendous pressure to scale their operations and do more with less. Major banks that achieve scale can gain significant competitive advantage over those that operate business units as separate entities with separate infrastructures and cost structures.
The need for scale, coupled with increasing cross-border operations and greater demand to support product innovation, is compelling large-scale banks to assess their overall operational and cost management strategies.
If you havenât reviewed the performance of your IT services in at least 18 months, chances are good that 20 percent or more of your spending is being wasted. As experienced CFOs who manage technology-buying decisions know, however, thereâs a strong reason to hold back on plans to optimize hosting, networking, content delivery and other […]
Then you need a Corporate Financial Management (CFM) solution specifically designed for strategically minded CFOs. This is an integrated financial system that enables you to play an increasingly critical role within your company â one that gives you the high-impact planning and forecasting capabilities necessary to be an effective advisor to your leadership team. Such […]
CFO: What is the recent activity in the performance management space all about? Mark Smith: Itâs not just recent activity. For decades, finance has made continuous steps to not just improve financial performance but manage it efficiently, and now the shift is toward financial effectiveness. At the core, this is the foundation for performance management […]
Finance executives must meet a growing number of complex demands and challenges if their companies are to reach the next level of profitable growth.
Operational excellence around core financials is certainly essential. CFOs and their teams are expected to standardize transactional processes and deploy effective and efficient financial systems. They must deliver strong performance in everything from cash management to regulatory compliance to merely address foundational financial requirements.
Much has been written about the “perfect storm” of corporate accounting scandals, pension crises and subsequent legislative backlash, which resulted in a decline in the funded status of defined benefit plans as well as an increase in the expense recognition and contribution requirements for those plans. Hindsight now reveals that these problems might have been […]
Aided by advances in technology, which have helped us achieve more accurate results in less time, executives have built a body of work that has come to be collectively known as business performance management (BPM). During the early days of this discipline, my peers and I developed tools and techniques to better operate and manage […]