Creating opportunity in adversityThe global financial crisis is having a huge impact on the environment in which your business is operating. Market capitalization and asset valuations are declining. Energy and commodity prices are fluctuating. Environmental and political issues are contributing to adverse business pressures. Gaps in power between developed and emerging countries are narrowing. Despite unprecedented government intervention to boost spending and restore confidence, most businesses are bracing themselves for even tougher conditions ahead. But in these difficult times lie opportunities – and Ernst & Young’s global network of professionals can help you discover them for your business. Whether your organization is strong and healthy, under stress or facing difficult choices, we work with you to find financial, strategic and operational solutions that improve your liquidity, financial flexibility and stakeholder returns. We’re here to help you build a sustainable business – in the short and long term. | Lessons from change In 2009, Ernst & Young held more than 40,000 meetings with senior executives around the globe. We asked them how the downturn was affecting their business, then gathered those insights into Lessons from change. Learn which eight strategic actions companies should focus on now. 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. Going from “cash-burn” to “cash-earn”: cash tax strategies for challenging times Liquidity and cash flow have become more critical than ever in a company’s ability to drive its strategic agenda, yet a recent EY survey found that many companies have not fully considered the impact that cash tax management strategies can have on their financial position. Wherever a company sits on the financial spectrum — from “cash burn” to “cash earn,” tax provides a variety of strategies to preserve, acquire, or maximize cash to support business goals. Read more in this latest report (pdf, 248kb) from Ernst & Young. Worldwide fiscal stimulus — tax policy plays a major role Governments around the world are fighting the first global recession we've experienced since World War II, and tax measures are playing a major part - 56%, according to recent OECD figures - in the range of stimulus packages being rolled out globally. Tax policy has gone global in a major way, and in this study from Ernst & Young, tax measures in 24 major jurisdictions are analysed, and a key set of common themes are apparent, resulting in both challenges and opportunities for the tax function. Read more in Worldwide fiscal stimulus - tax policy plays a major role. 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. 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. Manage risk in the current climate This issue of BoardMatters Quarterly, "Managing risk in the current climate" (pdf, 610kb), is dedicated to helping audit committees identify, prepare for and protect against the key risks their companies may face during these strenuous times. |
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Contacts Cuong Dinh Tran
Tel: +84 4 3831 5100 Opportunities in adversity: accelerating the change
 How is your company responding to the financial crisis? We took a fresh look at this question with over 550 global executives. Here’s our update.
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