In a recent study, we found that reconciling bank fees with statements is an often neglected process of Corporate Treasury. Many companies have an opportunity for cost reduction and workflow efficiency if they can get it right.
Traditional SG&A budgeting approaches can severely hamper financial execution. Avoid three common SG&A cost reduction mistakes to enable consistent, long-term profitability.
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(Accounting Today, 9 May 2012) In Brief: A new bill to offer a tax credit for 20% of the cost of returning jobs to the US from overseas has been introduced in the US House of Representatives. The bill would also end deductions for organizations that send jobs out of the country. Our View: Many [...]
Read More(Wall Street Journal, 9 May 2012) In Brief: India will demand $3.75 billion in taxes, penalties and interest from Vodafone Group PLC if a law that permits retroactive taxing on overseas mergers is enacted, according to a senior government official. The country wants to collect the money for Vodafone’s $11.2 billion purchase in 2007 of [...]
Read More(Chicago Tribune: Business, 10 May 2012) In Brief: To increase sales of specialty foods and expand its mix of products, Bed, Bath & Beyond will acquire Cost Plus Inc. in a deal worth $495 million. Our View: Companies should prioritize their deal opportunities systematically and transparently to accelerate M&A value capture. Conduct due diligence to [...]
Read More(SmartBlog on Leadership, 7 May 2012) In Brief: Corporate leaders should learn everything about their companies and industries, because only then will they be able to think strategically about the big picture, this writer says. Our View: This is good advice, particularly for finance executives, who are asked more frequently to use their proximity to [...]
Read More(ITBusinessEdge, 8 May 2012) In Brief: Five forces are transforming IT – as well as the way businesses approach it, according to this writer. They are: Technology-savvy consumers, rapid change, low corporate IT performance, cloud computing, and the strategic use of software. To reap value from IT projects, companies must be able to visualize the [...]
Read More(ComputerWorld, 4 May 2012) In Brief: “Massive” demand from the corporate world is prompting top venture and growth capital firms to invest hundreds of millions of dollars in companies that develop Big Data technologies, this writer says. Our View: As investors continue to channel resources into enterprises that create and sell these systems, it is [...]
Read More(Huffington Post, 8 May 2012) If your son or daughter is a fan of horror flicks, then Dominic Deville is the evil birthday clown for you. When he’s hired to entertain at children’s parties, he sends warning notes, calls and texts during the week leading up to the celebration, and on the big day, he [...]
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