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About This Blog Updated daily by members of the Business Finance Expert Network, The Big Fat Finance Blog is intended to arm finance professionals with innovative ideas and best practices that help finance organizations create value.
International businesses took a hit yesterday when the House passed, and the President immediately signed, a bill to provide some $26 billion in funding to the states to cover teacher salaries and Medicaid shortfalls. Close to $10 billion of that will come from a bunch of international tax provisions mostly targeting corporate taxpayers. more
As the economy crashed, one CFO focused on working even more closely with clients. The result? Growth slowed, but continued.
As the economy entered its downward spiral in late 2008, the watchwords among most clients of Genpact were “cash” and “uncertainty,” says CFO Mohit Bhatia. Uncertainty about the future of their markets compelled most financial execs to keep a tight rein on cash, while also accelerating their decision-making processes. “They were dynamically changing their outlook as they would see things unfold.” Genpact is a $1 billion provider of business services, including finance, accounting, and procurement. Formerly a unit of GE Capital, Genpact became an independent company in 2005. more
see Video Tweets
FINANCE VIDEO BITE: Making the Case for Shared Services - Hackett’s Sean Kracklauer http://twitvid.com/WC8AB
FINANCE VIDEO BITE: Improving Data Standards: Where good Forecasting begins- Interview Sean Kracklauer-Hackett Group http://twitvid.com/RCKXK
Five states — California, Kentucky, Minnesota, Nebraska, and North Dakota — as well as the District of Columbia have increased their gas tax rates in the past few months, according to a report from information services and software provider CCH, a Wolters Kluwer business. California’s tax nearly doubled in the past year, from 18 cents to 35.3 cents per gallon. more
Regulation and compliance rate as the top business risks in Ernst & Young’s annual business risk report.
Give me a break, survey respondents.
The looming threat of regulatory uncertainty qualifies as a larger risk than access to credit, talent management issues, and the challenge of entering emerging markets. Really? more
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