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Creating value, driving behavior - Managing finance - Ernst & Young - Singapore

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Creating value, driving behavior

In 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.

The evolving role of today’s CFO

CFOs’ involvement in their businesses is broad, their contributions to their organizations are manifold and the scope of their responsibilities is growing.

The Master CFO Series:
The hidden costs of entering rapid-growth markets

The opportunities in rapid-growth markets are undeniable. So too are the risks. Where others see primarily opportunity, the CFO must spot complexity - the costs both manifest and hidden. We explore the CFO’s role in rapid-growth market entry and the true costs of investment.

Back seat or center stage? CFOs and the media
More CFOs are talking on a broader range of topics across more varied media channels than before. How are CFOs meeting these changing demands? Learn more in our Master CFO Series report.
$1.1 trillion dollars tied up in working capital

Up to US$1.1 trillion of cash is being unnecessarily tied up, according to our annual working capital survey of 2,000 large companies (pdf, 931.32kb). Nearly two-thirds of these companies also saw their performance deteriorate in 2009. See how the gap is widening between the best and worst performers.

Why capital matters for competitive advantage

Uncertainty is the only certainty in today’s market. In our new study, Why capital matters, we surveyed 490 senior executives from 32 countries, and show that it’s how you manage your capital agenda today that will define your competitive position tomorrow.

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.

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.

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, 78k).

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