BusinessFinanceLink

Issue #304  


BusinessFinanceLink provides news, trend information, research and commentary on a range of subjects related to the financial management of organizations in today's era of increased governance and financial transparency — subjects such as Sarbanes-Oxley, IT management from a financial perspective, credit trends, financial reporting, M&A, audit committees and more. To ensure delivery to your inbox, please add email.bfmag.com to your address book or whitelist.




  Sponsored by

For most companies, the imposition of sales tax is a normal part of business operations. However, consumer use tax is often overlooked, leading to costly transactional audit penalties and interest, or unnecessary overpayments. Download this free white paper to learn how one company transformed their process utilizing CorpSystem Sales Tax Office from CCH, a Wolters Kluwer business.



- Today's Alerts -

Return of the Regulators: A Guide to Monitoring Regulatory Influence in 2009 and Beyond
As all eyes monitored the new president's economic stimulus plan, a group of individuals operated behind the scenes, preparing to wield their influence on regulatory matters that will affect corporate finance executives long after the credit-and-confidence crisis abates. Here's a rundown of important regulatory issues to be addressed in the months ahead, along with a list of key questions and major sources of influence.

Measuring Liquidity: How Often Is Often Enough?
No single formula can determine when every company should count its money. However, with the economy tight and sales hard to come by for most firms, this is one area where improvements can help the bottom line. For more read Karen Kroll's Basis Points blog at The Big Fat Finance Blog.

Finance's Role in Solving the Innovation Paradox
While innovation and the finance function don't necessarily get associated with one another, finance's ability to provide dispassionate views into internal and external information is very helpful in creating awareness about innovation (or the lack thereof) that is occurring. For more read Anand Sanwal's Investile Dysfunction blog at The Big Fat Finance Blog.

Reshuffling the Pension Investment Deck
While employees are licking their wounds over big hits in their 401(k) balances, employers are trying to weather their own perfect storm -- collapsing operating profits combined with soaring deficits in their defined contribution plans, largely because the bulk of their pension assets have been invested in equities, which have taken a dive. For more read Laurie Brannen's Brannen in Brief blog at The Big Fat Finance Blog.

Hello, Financial SaaS; Goodbye, IT
Software as a Service (SaaS) has already shaken up the sales force automation (SFA) and customer relationship management (CRM) markets by delivering quickly deployed, more-than-good-enough functionality at a low price. Now SaaS is poised to do the same with finance systems. For more read Alan Radding's wiredFINANCE blog at The Big Fat Finance Blog.

Transparency on Exec-Comp Limits Would Have Been a Bonus
The uncertainty that emanated from the Sarbanes-Oxley Act during its lengthy "interpretation" by the SEC in 2002-2003 seems to have come back to haunt the new executive-comp pay curbs contained in the stimulus package. For more read Eric Krell's Full Disclosure blog at The Big Fat Finance Blog.

Effectiveness Over Efficiency
"Doing the right things" wins out over "doing things right" in a recent Ventana Research planning and budgeting study. Companies want better insight, more accuracy, and improved strategy versus faster processes. Read "Quality Time for Planning and Budgeting" in the BPM Resource Center.

GRC Survey - Chance to Win a $100 Gift Card!
Economic woes, gyrating commodity prices, rising fraud ... the pressures on governance, risk and compliance programs are mounting. How are companies coping? By participating in our quick survey, you can help your peers keep tabs on the ever-changing GRC landscape. The results will be presented in aggregate in an upcoming issue of Business Finance. You will also have the opportunity to enter into a drawing for one of two $100 Visa gift cards.

Hear Robert Kaplan Discuss Strategy for Measurable Benefits
The 6th Annual BPM Summit, Generating Value Through Visibility, 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 unlimited access to the audio and slide shows from the keynote speaker presentations at our on-demand archive.

- Today's Diverts -

Cover Letters Count
If you're part of the growing population of people who are hunting for a job, you've probably spent hours perfecting your resume. However, a good resume isn't enough -- you also need a powerful cover letter. This New York Times article provides expert advice on creating a cover letter that will catch an employer's attention.

Toy Lets You "Smash" Bernie Madoff
Investors who were burned by Bernie Madoff's Ponzi scheme can let out their anger on a Smash-Me Bernie toy. The figurine of Madoff wears a red devil suit, carries a trident, and comes with a hammer for breaking Bernie to bits.

Upcoming Webcast

Uncertain Times? Be Certain About What Is Profitable




Video


Secrets of a Recession-Proof Business: An Interview with Gregory Cohen, Halcyon Jets Founder and CEO


Outsourcing as a Strategic Relationship: An Interview with David Gordon, Managing Director, outsourcing services, PricewaterhouseCoopers


Giving Revenue Recognition Its Due: An Interview with Alok Ajmera, a senior manager at BearingPoint





Business Finance magazine is now FREE to qualified subscribers. Subscribe now!




E-Newsletters

Business Finance e-newsletters bring the latest news and solutions to finance managers looking to stay on the cutting edge of best practices and technology. Get up-to-date information about IT management, risk management, accounting software, human resources, budgeting and analytics, corporate finance, credit and collections, expense management, and the latest analyst predictions.

Best of all, they're FREE! Subscribe now!

TO UNSUBSCRIBE click here.

TO CHANGE YOUR E-MAIL ADDRESS (YOU ARE SUBSCRIBED AS #email# ) click here.




Feedback

IF YOU HAVE QUESTIONS, comments or reader feedback about an item covered in BusinessFinanceLink, contact our online editorial staff.




Sponsorship

IF YOU WANT TO SPONSOR Business Finance, contact Jack Walsh, East/Southeast/Midwest, 516-520-0398, Matt Butcher, New England, 212-204-4240, Marc Angel, Texas/Minnesota, 212-204-4201, Neil Dant, West, 949-838-2117, or Matthew Weiner, Publisher, 212-204-4221




Press Releases

PRESS RELEASES CAN BE SUBMITTED electronically to Business Finance by e-mailing the Press Room.




Copyright © 2009, Business Finance (a Penton Media Publication)
249 West 17th Street (3rd Floor), New York, NY 10011