BF_BUDGETING LINK_ Penton Media August 24, 2009 If you want to view this on the web go to: http://enews.penton.com/enews/businessfinance/v/211 ---------------------------------------- ADVERTISEMENT Business Finance and BPM Magazine have partnered with Palladium's Business Performance Conference! Join us in Miami, September 16-17 and discover how to Measure, Monitor, and Manage What Matters! Register using code BPMNL and SAVE $1000*! Click here or call 800.554.2111 today. Download the Brochure >> *Valid on new registrations only. Cannot be combined. http://www.thepalladiumgroup.com/events/exec/performance09/Pages/overview.aspx ---------------------------------------- TODAY'S ALERTS --Powering Finance Transformation at Lucile Packard Children's Hospital Tim Carmack, CFO of Lucile Packard Children's Hospital, has an unusual resume -- he was CFO of an Orange County Hospital at 29, taught English in Vietnam in his mid-40s, and then returned to health care when Packard offered him the CFO position. In this interview with Steve Player, Carmack discusses his wide-ranging career and the role of finance transformation in the organization. To view the full article go to: http://businessfinancemag.com/article/when-every-bed-counts-interview-lucile-packard-childrens-hospitals-cfo-0818 --Dumb-Stuff Safari Targets the Budget If you're hunting for the time vampires in finance processes, you don't have to look much further than the annual budget, with its multiple iterations, elusive magic numbers, and questionable results. Here's how budgets disempower managers and sap their motivation. To view the full article go to: http://bigfatfinanceblog.com/2009/08/03/warning-more-dumb-stuff-sighted-ahead-organizations-should-stop-now-or-change-course/ --Recapture Lost Profits Just 20 percent of customers drive 150 percent of a company's profits, according to Derek Sandison of PM2, which means there are a lot of customers dragging a company's returns down. Here are some identifying characteristics of unprofitable customers. To view the full article go to: http://bigfatfinanceblog.com/2009/08/11/customer-profitability-in-st-louis/ --How Continuous Controls Monitoring Can Help You Cut Costs Continuous controls monitoring (CCM) can help you pinpoint weaknesses in your accounting processes -- why not use it to zero in on cost-cutting opportunities, too? To view the full article go to: http://bigfatfinanceblog.com/2009/08/05/earnings-and-cost-management --Integrated Business Planning Perks Integrated business planning (IBP) can help organizations sell more, better allocate their resources, and speed up their reaction time to changing market conditions. Learn more by reading Ventana Research's "Integrated Business Planning: Addressing Today's Challenges and Opportunity" in the BPM Resource Center. To view the full article go to: http://resources.bpmmag.net/index.html?action=viewSponsors&sponsorID=11&userID=1363 --BPM Summit Presentation: Rethinking Planning, Budgeting, Forecasting, and Target Setting The 6th Annual BPM Summit brought together some of the business world's foremost practitioners to explore the transformational role of finance in the enterprise. If you missed the live event, you can still enjoy access to the audio and slide shows from the keynote presentations at our on-demand archive. To view the full article go to: http://bpmmag.net/summit/2008/ ---------------------------------------- Palladium and the BPM Summit http://www.thepalladiumgroup.com/events/exec/performance09/Pages/overview.aspx ---------------------------------------- Webcasts ---------------------------------------- The ROI in Automating Your Expense Management http://w.on24.com/r.htm?e=156926&s=1&k=9CA54728B531E90C73343B5534D833BB&partnerref=newsletter The Total Economic Impact of Performance Management Solutions: A Forrester Study of Tagetik 3.0 ROI and Payback Period http://w.on24.com/r.htm?e=159049&s=1&k=8D02CC97BD5064F3A79F6AD17A4C2C20&partnerref=newsletter Budgeting & Reporting with Microsoft Technology http://w.on24.com/r.htm?e=159447&s=1&k=9333FA124EF35590037C3DEEBDBDC099&partnerref=newsletter ---------------------------------------- Video ---------------------------------------- How to Use Analytics Bill Fuessler, global leader of IBM Corp.'s financial management practice, explains how companies can better apply business analytics to their business decision-making. http://businessfinancemag.com/video/how-use-analytics-0817 ---------------------------------------- In this Issue ---------------------------------------- Business Finance magazine now FREE to qualified subscribers. 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