BASIS POINTS: OTC Derivatives in Dodd Bill

March 31, 2010

The updated Restoring American Financial Stability act aka "The Dodd Bill" includes a section on over-the-counter derivatives. Here, it seems that the more things change, the more they stay the same.

STRATEGY MANAGEMENT: Optimized Performance Management That Basketball Fans Will Appreciate

March 30, 2010

"March Madness Brackets for Optimized Performance Management" pulls together the critical success factors companies need to achieve the full vision of an optimized Performance Management framework.

BizTaxBuzz: Why Document Management Software Rules

March 29, 2010

You already know that document management software can help tax departments find the materials they need fast (at least you do if you read a recent BizTaxBuzz post on the topic). Here are a few more reasons to check out the technology.

THE FINANCE TRANSFORMATION: When "How We've Always Done Things" Doesn't Work

March 26, 2010

New ideas often get shot down by traditionalists who want to stick with "how we've always done things." The problem with this way of thinking -- it closes off companies from innovative and valuable process improvements.

wiredFINANCE: CFOs Enjoy Big Operating Income Boost From Small Price Increase

March 26, 2010

CFOs sometimes overlook pricing when trying to improve the balance sheet. They shouldn't, though: a new report found a one percent increase in price can result in an 11 percent increase in operating income.

THE FINANCE TRANSFORMATION: Baby Steps to Better Budgeting

March 24, 2010

When it comes to budget transformation, companies are finding that taking baby steps works best. This allows them to tailor their implementation to address the unique culture and qualities of their organizations.

THE CFO EDGE: EMC Saves Millions With Cell Phone Changes

March 24, 2010

Although it wasn't a popular change at first, says EMC CFO David Goulden, the company was able to save $3 million annually by moving its employee mobile phone users to a centralized company program.

Goulden

EMC's Cost Transformation Journey

March 24, 2010

Nearly two years ago, EMC CFO David Goulden led his company down a transformational path where there would be no turning back.

BizTaxBuzz: Tax Guides for the Health Care Bill

March 23, 2010

The Tax Foundation and CCH have put together helpful summaries of the tax aspects of the health reform package the House approved on Sunday evening. Download them at BizTaxBuzz.

THE CFO EDGE: Aon CFO Explains the Importance of Organic Growth

March 22, 2010

Aon CFO Christa Davies has a metric of choice as the company focuses on organic growth: return on invested capital (ROIC). For its part, Aon has in the past counted on the all-popular metric to help the firm measure the success of its many acquisitions. However, when it comes to stimulating organic growth within a recession, ROIC has become increasingly integrated with Aon's financial planning.

BizTaxBuzz: Why Aren't Tax Pros Embracing Document Management Systems?

March 19, 2010

A missing tax document can cost companies tens of thousands of dollars, yet only 16 percent of Business Finance 2009 Tax Survey respondents reported using a document management system for tax work, which would increase the accessibility and availability of tax data. What gives?

THE CFO EDGE: World-class Finance Departments More Effective Than Peers While Spending Less

March 19, 2010

World-class finance departments operate at almost half the annual cost of typical companies, yet they're far more effective, according to the Hackett Group's new Book of Numbers. Business Finance is speaking to the Hackett Group soon, so be on the lookout for more about high-performing finance departments on The CFO Edge blog.

wiredFINANCE: A New Way to Budget for IT Advertising

March 18, 2010

Today, search engines have become serious money makers. However, traditional marketing budgets aren’t designed to tackle the world of key word bidding and search placement. Here’s the budget discussion you should be having with the chief marketing officer (CMO) as you increase your online presence.

PROCESS POINTS: Minimizing Records Retention Risk

March 18, 2010

When it comes to records retention, you need to walk a very fine line -- keeping certain records for long periods can be just as bad as not having them at all. Here's how to take control of your records retention process (or start one if you don't already have a process in place).

isakowitz

Job Creation's Ground Zero

March 17, 2010

As CFO of the Department of Energy, Steve Isakowitz has $36 billion to spend to put America back to work. No one said that it was going to be easy.

BASIS POINTS: Free Up Working Capital in a Recovering Economy

March 17, 2010

The economy is turning around. However, if companies don't continue to focus on working capital and cash flow management, they won't see an improvement. Here are several actions that can help free up working capital.

THE FINANCE TRANSFORMATION: Time To Reexamine Your Assumptions

March 16, 2010

Forget about "information overload." Instead, reexamine your assumptions about all of the information you use. The return on your time and attention investment will be worth it.

STRATEGY MANAGEMENT: Strategies for Better Performance Management Implementation

March 15, 2010

Despite extensive planning, few performance management methodology implementations ever go smoothly. Here are surefire strategies to help you avoid implementation hiccups.

THE CFO EDGE: Three Tricks for Dodging the CFO's Ax

March 15, 2010

Many companies are adopting a new low-cost finance model, which means financial professionals' jobs may be at risk. Here are three ways to show your CFO that you're a valuable resource.

THE CFO EDGE: DOE Challenge: Spend $36 Billion to Create Jobs

March 12, 2010

Department of Energy CFO Steve Isakowitz isn't constrained by a tight budget like many CFOs. Instead he's been given a unique challenge: he must spend billions of dollars quickly to create jobs.

FULL DISCLOSURE: Madoff Whistle-blower Markopolos Sounds Off

March 11, 2010

Harry Markopolos, who spent nine years trying to persuade the SEC that Bernie Madoff was a fraud, shares his opinion on SEC officials from James Donaldson to Mary Schapiro in this candid interview.