Creating value, driving behaviorIn 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. | $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. The DNA of the CFO This survey provides insight into what it is to be a CFO today, exploring their expectations and aspirations, and the skills and relationships needed to be successful. Transfer pricing: arm’s length principle The latest installment of our series on transfer pricing covers issues that are testing the application of the arm’s length principle (pdf, 1.2mb), including a methodology to evaluate compensation levels when a business is restructured and the use of econometric analysis in cases in which data for benchmarks is sparse. IFRS Outlook: Insights into financial statement disclosures The February issue of IFRS Outlook features perspectives on improving financial statement disclosures, insights about the IASB’s and IFRIC’s tentative decisions that could significantly impact your business and a summary of IFRS adoption in key markets worldwide.
Meeting today's financial challenges A number of transformational events and trends are reshaping the global business landscape. Financial challenges currently facing companies around the world must be addressed by management, the audit committee and an external auditor. Assess your most critical business issues and identify the best way to respond to those challenges. 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. 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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Globalization and the changing world of business 
Has the “flat world” become reality? Together with the Economist Intelligence Unit, we looked at how businesses and countries are adapting to new rules of globalization. Why capital matters for competitive advantage 
We surveyed 490 executives from 32 countries to show that it’s how you manage your capital today that will define your competitive position tomorrow. More…
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