Press Release MINNEAPOLIS – Dec. 10, 2012 – Digital River, Inc. (NASDAQ: DRIV), the revenue growth experts in global cloud commerce, announced that it signed a global payments agreement with Skullcandy, Inc. (NASDAQ: SKUL), a high-growth performance lifestyle audio brand. Skullcandy is using the Digital River World Payments solution to build a localized European e- […]
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December 11, 2012
During the 1990s, many large corporations made substantial strides in improving the efficiency of their finance functions. Indeed, the average cost of operating a finance department relative to a companyâs revenues fell by nearly half during this period. When applied only to the Fortune 500, this amounts to ongoing annual savings of $60 billion. Since […]
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.
Efficient Revenue Compliance in Todayâs Regulatory Environment Achieving accurate, timely and efficient revenue reporting has become a formidable task in todayâs environment of fast-changing business requirements and stringent regulatory oversight. Ever-changing business models in many industries have generated complex accounting rules and processes for determining revenue. As a result, immaculate revenue reporting is now a […]
EXECUTIVE SUMMARY RevenueRecognition.com in association with International Data Corporation (IDC) recently surveyed 578 business leaders about the need for improvements in their finance processes, with a focus on revenue recognition and related reporting processes. The survey was conducted in July 2007 by email and all responses were on an anonymous basis. More than 80% of […]
The term âhigh performanceâ in this paper refers to both a definitive destination and a continuous quest for sustainable advantage. Increasingly, organizations from the private and public sector are establishing finance shared services to help them on their journey. Those that are most successful in this endeavor do not focus solely on shared servicesâ cost-cutting […]
Many finance executives these days are wondering, âWhat is XBRL and whatâs in it for me?â Though most have heard of XBRL, very few know what this new technology standard can do for them or how their companies can benefit from it. First introduced in the late 1990s, XBRL has loomed on the horizon for […]
Hitachi America, Ltd. XBRL Business Unit delivers superior Extensible Business Reporting Language (XBRL) solutions that improve corporate governance, restore shareholder confidence and enable market agility by delivering correct actionable data in real time. Hitachi is a pioneer in the development of XBRL products and services for the financial and business communities. In addition to developing […]