BUDGETING & REPORTING: Blogger and columnist Steve Player supplies the Business Finance community with reporting and commentary examining the evolution of the budgeting and reporting function. Steve is the North American Program Director, Beyond Budgeting Round Table.
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When John Hrudicka set out to transform finance at cabinetry and plumbing products maker Elkay Manufacturing Co., he wasn’t going to settle for a few minor upgrades. Hrudicka, now Vice President of Finance, launched a total renovation that included profitability analytics, customer relationship management, a rolling forecast, and a Balanced Scorecard.
Specialist software firms continue to make a strong case for selective investments. Survivors of the tech freeze will be around for some time to come as the economy thaws.
Owens & Minor, an $8 billion distributor serving 4,000 health care providers, is helping its customers to energize their supply chains one link at a time.
How long will your budget remain relevant? A majority of respondents in a recent Business Finance survey said their budgets were obsolete within four to six months. In his Finance Transformation blog, Steve Player lays out why that happens and what you can do to address the problem.
Our interviewer Steve Player speaks with Joe Householder, SVP, controller, and chief accounting officer of Sempra Energy about his finance career and how the energy company develops its talent.
Unlike many U.S.-based manufacturers that have become displaced by offshore competitors, Emerson Electric, the $20 billion, St Louis-based electronics and components manufacturer, continues to compete and succeed as a global manufacturer. Our interviewer Steve Player talked to Emerson's CFO Walt Galvin in the recent past, and their discussion concerning Emerson's planning process appears ever more revealing in light of industry's present economic challenges.
Are you tying bonus payouts to budget targets in next year's incentive plan? In his Finance Transformation blog, Steve Player explains why this management process can "kill your organization."
Steve Player, North American Director, Beyond Budgeting Round Table, explains how approaches to traditional budgeting have broken down over the last eighteen months, and what steps finance executives need to take to replace traditional budgeting processes.
This past August, banking services firm Northern Trust Corp. announced that it had freed itself from the government's bailout program. Steve Player Speaks with Steve Fradkin of Northern Trust about the intriguing final chapter of his CFO tour of duty.
