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Mixed year for corporate bond sales
stephen taub

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"The corporate brand is not only used to improve competitive positioning and express company aspirations, it can also be a powerful tool to motivate employees."

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CFOZone Experts

Opinions and views from expert CFOZone members.

Nov 18
2010

E-Invoicing still the exception, not the norm

Posted by dbedell in Technologyelectronic invoicinge-invoicing, accounts payable

dbedell

Trade body the International Accounts Payable Professionals (IAPP) recently released a study on invoicing management at global companies, and found that most companies still have at least some manual aspect to their invoicing process. However most companies do now recognize the value of electronifying and automating invoicing, according to the survey.

It found that 80 percent of companies’ accounts payable (A/P) departments saw the advantage of automating invoices, but they also cited many obstacles in the way of uptake.

Nov 18
2010

Majority of mid-market CFOs say they are hiring

Posted by Stephen Taub in jobsGeneral ElectricGE CapitalCFOsCashCareers/Managementcapital expenditures

Stephen Taub

Chief financial officers of middle-market companies are generally upbeat about the economy and their hiring plans.

Nearly half (47 percent) of the CFOs who participated in GE Capital's quarterly survey said they expect the US economy to be stable while another 37 percent said it is "improving" over the near term. This suggests little chance for a double-dip recession in the months ahead, GE Capital asserts.

Nov 18
2010

Ten best and worst states for business taxes

Posted by annearf in taxessales taxincome taxcorporate taxcompliancebusiness taxes

annearf

Think the state taxes imposed on your company are too high? Or at least, steeper than in other places? A new report   ranking the best and worst state business tax climates can provide a clearer picture of how relatively onerous the situation is.

 The report, from the Tax Foundation, compares states on five separate aspects of their tax systems--property, corporate, individual income, sales, and unemployment insurance taxes--then adds the results up to a final, overall ranking. 

Nov 17
2010

Chamber proposes reforms to FCPA

Posted by Karen1 in US ChamberOECDJustice DepartmentFCPA

Karen1

In "Restoring Balance: Proposed Amendments to the Foreign Corrupt Practices Act," the US Chamber of Commerce' Institute for Legal Reform offers its suggestions for improving the law. The report contends that even as enforcement of the FCPA has jumped over the past five to ten years, whether measured by settlement sizes or the number of actions taken (as noted in this earlier post) "judicial oversight and rulings on the meaning of the provisions of the FCPA is still minimal." Instead, because the Department of Justice both brings FCPA charges and controls the disposition of FCPA cases, it essentially serves as both prosecutor and judge in the matters, the report says.

In addition, even law-abiding companies incur significant costs to implement comprehensive compliance programs. Many also forego opportunities in light of what they see as ambiguities within the regulations.

Nov 17
2010

Gave thanks? Now go shopping

Posted by Stephen Taub in Riskretailholiday salesCash

Stephen Taub

'Tis the season to see holiday ads.

However, this year it seems like the battle for the gift dollars started earlier than usual..

Nov 17
2010

Managing the perils of hoarding excess cash

Posted by dbedell in Financecorporate governancecontrolCFO, cash management, CashAFP

dbedell

A recent piece of research by academics Nils Backhaus and Luc Soenen looking at how to determine if a company is holding excess cash and what the impact is of that, which appears here on AFPOnline, made a very good case for some of the potential pitfalls that companies face when retaining extra cash.

Given the tremendous focus by much of the US business sector on stockpiling cash in recent years, understanding not just the benefits, but also the issues that could arise as a result, is an important exercise that should help finance execs to ensure that cash is put to best use.

Nov 17
2010

Warding off supply chain disruptions this holiday season

Posted by annearf in supply chainsuppliersRiskretailersenterprise risk management

annearf

Business disruptions from faulty supply chains are rampant, as my colleague Denise Bedell recently noted . Companies experience an average of five disruptions a year, according to a study from the Business Continuity Institute. 

In the retail sector, those problems are especially high, an average of 10 per year. And the holiday season only serves to highlight that situation , along with the need for companies to do something about it, according to Linda Conrad, director of strategic business risk and global relationship leader with Zurich Global Corporate, a division of Zurich Financial Services. 

Nov 16
2010

CFOs: Do they really want accounting convergence?

Posted by dbedell in XBRLUS GAAPIFRSFASBcompliance

dbedell

US CFOs are not really keen to see convergence of US GAAP and IFRS come to fruition, according to a survey conducted by chartered accountant and management consultant firm Grant Thornton.

The survey, which polled more than 500 US chief financial officers and controllers, found that more than a quarter of respondents felt IFRS adoption in the US should never happen, while half felt that it should be held off until full convergence is reached—so not for another five or seven years.

Nov 16
2010

Tech Tuesdays (November 16)

Posted by dbedell in Thomson ReutersTechnologyJP MorganIT2

dbedell

After an extensive search, French retailer Celio has settled on IT2 Treasury Solutions for its new Group Treasury workstation.

The company will roll out IT2 across its treasury operations in Brussels, Hong Kong and Paris, and implementation will focus on group-wide cash visibility and cash management, and reporting. The company noted that IT2’s support of payments factories is also if interest.

Nov 16
2010

PBGC deficit swells in recent year

Posted by Stephen Taub in pensionsPension Benefit Guaranty CorporationPBGCCash

Stephen Taub

The government agency that backstops private sector pensions saw its deficit swell by $1 billion, to $23 billion for the most recent fiscal year.

The Pension Benefit Guaranty Corp. said it has $79.5 billion in combined assets to cover a total of $102.5 billion in obligations.





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