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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It has been almost a year since we last caught up with UPS CFO Kurt Kuehn and asked him to reflect on the remarkable challenges and opportunities that the recession has brought forth. Twelve months later, Kuehn has plenty to say concerning his organization’s new “ultimate flexible budget” and its “zero-based” tolerance for extra cost.
BNY Mellon Asset Management is going through a transformation, says the firm's CFO Steve Lipiner. Recent changes include establishing accounting utilities in lower cost locations and deleveraging its balance sheet so the asset management finance team can again concentrate on growing the firm's investment boutiques.
In a recent phone interview with Business Finance's Jack Sweeney, David Walker, the former comptroller general of the U.S., shared his to-do list on healthcare reforms. One of the most important for finance leaders: Impose a budget on what the federal government can spend on healthcare each year.
Elkay Manufacturing, a cabinetry and plumbing products maker, has developed innovative ways to get a clearer look at the future. This includes replacing the traditional budgeting process with a rolling forecast.
As fiscal responsibility takes center stage in Washington, the Obama Administration borrows a page from the man who wrote the book. Former U.S. Comptroller General David M. Walker explains why Americans are at long last demanding financially responsible government.
Life is full of opportunities, which makes deciding what you're not going to do as important as what you will. One of the first things you should pass on -- the Budgeting Process.
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.
