Creating value, driving behaviorIn times of economic downturn, businesses look to the finance function to lead the way with sound financial management. This means benchmarking performance to identify efficiencies and savings. It means improving your systems and processes so that your business information is more accurate and readily available. And it means considering alternative operating models for running your finance function, such as a shared services or outsourcing arrangement. Ernst & Young can work with you in this. We have the breadth of experience that comes from working with many of the world’s leading and fastest growing companies. We can help you make sure you have effective processes that enhance control, create value and drive organizational behaviors. So your finance function has the agility it needs to advance the changing business agenda and sustain future business success. | Finance performance improvement starts with framework Amid signs of economic recovery, we suggest in The future of Finance (pdf, 248.8kb) that CFOs establish and implement a holistic framework that identifies weaknesses and potential improvements, and which helps enable Finance to be more effective, lower costs and help deliver more value to the bottom line. InterChange Alert: February 2009 Widespread anxiety around credit and liquidity continues to put a damper on transaction activity. Companies have difficult choices: do they buy up their own equity and debt, make a well-timed purchase, jettison unwanted assets or hoard their cash? This Ernst & Young InterChange Alert describes alternative structuring strategies some CDOs and tax directors are considering in today's transaction market. Read the latest addition of InterChange Alert (pdf, 78kb). Financial reporting in a time of crisis The economic crisis presents an opportunity to modernize financial regulation in a way that will help to prevent future financial meltdowns, while also promoting global economic stability and opportunity (pdf, 62kb), said EY Chairman and CEO Jim Turley in a speech to the Commonwealth Club in San Francisco. |
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