Securing the present . . . protecting the future | 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. Future of risk: Protecting and enabling performance This new survey of more than 500 global companies provides a snapshot of the current risk environment (pdf, 282kb) at a time when mixed reports are filtering through about the medium- and long-term economic outlook. It examines companies’ attitudes towards risk management and how recent global events have affected management approaches to risk. This survey identifies leading practices, common areas for improvement and what companies need to do to define a path forward to a performance enhancing risk future state. The top 10 business risks for 2009 What challenges are likely to affect your company in 2009 and beyond? The credit crunch aftershocks and the deepening global recession rank as the most important business risks for 2009, displacing regulation and compliance — last year’s top risks. Green initiatives, competition from new entrants, human capital issues, and reputational risk all rose in The 2009 Ernst & Young business risk report — the top 10 risks for global business.
Sector top 10 business risk reports also available: Managing through uncertainty: Taking a balanced approach Corporate growth has been severely hit and access to capital has become tight. Despite changes in the economy, and the uncertainties that persist, the markets still expect businesses to perform. To guide your company, (pdf, 581kb) it is important to understand how leading companies have behaved during previous downturns and to know what actions to take. Balancing cost reduction and performance improvement Many organizations are looking to the supply chain organization (pdf, 880kb) to increase efficiencies during the current downturn. Find out where these efficiencies may be found and how leading companies approach their global supply chains. Re-balancing the business scorecard Risk management is intrinsically linked to performance management. Approaching them as separate management systems significantly reduces the effectiveness of risk management – often with dire consequences. “A new balanced scorecard” (pdf, 269kb) explains how a risk-enhanced or re-balanced scorecard incorporates both key performance indicators and key risk indicators to link performance and risk management and develop a single language and risk culture throughout your organization. IT Trends: Cost reduction through virtualization and cloud computing In today’s turbulent environment, many organizations are looking for ways to drive costs out of the IT function, but others are looking for ways that technology can help rationalize costs across the enterprise. Virtualization and cloud computing (pdf, 443 kb) are two important IT cost-reduction opportunities that organizations should consider. The balancing act for business and IT leaders IT is being called on to do more than “keep the lights on.” Stakeholders expect IT to create value, rationalize costs and more effectively manage risks across the organization, while dealing with the day-to-day challenges of managing the IT function. Many business and IT leaders are struggling to balance this vision, (pdf, 364kb) which is not an IT issue – but a broader business topic that needs to be addressed across the organization. |
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NewsContacts XBRL
eXtensible Business Reporting Language (XBRL),is designed to improve the reporting process for those sharing business information internally or trading documents across company lines. Our publication Addressing XBRL (pdf, 919kb) explores key questions including: - Regulatory compliance
- Benefits and return on investment
- Investor relations
- XBRL and IFRS
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