Topics
Featured Topic: Tax and Regulatory Compliance
Automating Sales & Use Tax Compliance Delivers Hefty ROI
Article on Sales & Use Tax • posted 01/05/12
An ever-growing number of taxing jurisdictions across the U.S. are stepping up enforcement and audits of sales and use tax compliance, painting a big target on the backs of corporations to help them close state and municipal budget gaps. The staggering complexity, number and continuously changing content of these laws means that automation of compliance is the only realistic option for controllers aiming to hold down costs and avoid fines and penalties and reduce the number of audits. Continue…
- Four Key Issues Drive Change in Unclaimed Property in 2012
- Tax Reduction Strategy: The Last Remaining Export Incentive
- Unclaimed Property: A Look Back at 2011 and a Glimpse of What’s Ahead in 2012
- States Get Tougher on Business Sales & Use Taxes
- 6 Best Practices for Complying With Sales Tax Exemption Certificate Filing
Credit
12 Benefits of a Shared Service Center (SSC) Approach to Credit, AR and Collections
Article on Credit, Receivables & Collections • posted 04/11/11
Credit professionals who work at larger companies with several regional or even international offices—each with its own credit, receivables and collections operations—are familiar with the enormous challenges this entails. How Continue…
- 12 Benefits of a Shared Service Center (SSC) Approach to Credit, AR and Collections
- AR Pros Focus on Automation to Improve Payment Predictability
- New Survey Details AR Pros’ 2010 Strategies and Concerns
- How Oracle Implemented an Internally Developed Global Credit Scoring Model
- How Trade Creditors Can Determine Creditworthiness of Small Business Customers
Professional, Legal Charges
Half of Private Cos.Take on More Audit Work Internally to Reduce Costs
Article • posted 12/24/10
A recent survey from the Financial Executives Research Foundation (FERF) reveals some good news for controllers: average audit fees are leveling off. Details The 150 publicly held companies that Continue…
Overhead Costs
RMA Study Reveals Norms for SG&A and Cost of Sales
Article on Benchmarking Operations • posted 04/08/11
Benchmarking data can be invaluable to controllers in determining the norms for the cost of sales, general, and administrative expenses (SG&A). Continue…
T&E
Negotiations With Car Rental Companies Save $320,000 Annually on Average
Article • posted 08/26/10
U.S. organizations that engage in ongoing negotiations with car rental companies report overall savings of 13 percent to 30 percent compared to standard car rental rates, according to a new Continue…
P&C Insurance
Surveys Show P&C Premium Decline Continues
Article • posted 02/28/11
The continuing soft market in commercial property & casualty (P&C) insurance provides some good news for controllers and their organizations: pricing remained very competitive in the fourth quarter of 2010, Continue…
Controller’s Salaries & Bonuses
Salary Range for Controllers Tops $230,000 at Large Companies in San Francisco
Article on Controller’s Salaries & Bonuses • posted 06/29/11
San Francisco is highest-paying city in the U.S. for controllers. Salaries for assistant controllers at large companies in San Francisco range from under $118,152 to more than $170,664. Continue…
Financial Leadership
Majority Able to Raise Capital for Operating Expenses
Article • posted 12/28/10
Eighty-five percent of surveyed executives at private companies reported being able to raise all the capital they sought to meet their most pressing operating expenses, according to a new PwC Continue…
- Cutting Security Costs May Increase Risk
- 401(k) S Strategies Continue to Focus on Costs
- Shifting From Recession to Recovery: McKinsey Explores the Controller’s Role
- E&Y Study Offers Template for Adjusting Strategies & Costs During the Rebound
- Deloitte Identifies Three-Stage Paradigm to Guide Shift From Recession to Recovery
- Increase Efficiency and Cut Costs Through Automation
- Despite Recession, World-Class HR Organizations Reduce Costs by 13 Percent
Internet & IT Costs
IT Costs: Unplanned Data Center Outages Wreak Damage at an Average of $5,000 Per Minute
Article on Technology and Automation • posted 06/06/11
Unplanned data center outages cost U.S. businesses $5,617 per minute on average in lost revenue and productivity, damaged data and stakeholder trust, and regulatory and legal repercussions, according to a recent survey. The average cost per incident in business disruption was $179,827 in a survey of 41 data centers. Continue…
- Internet and IT Costs
- Increase Efficiency and Cut Costs Through Automation
- ERP Savings
- IT Spending Norms Identified in 30 Industry Groups
- IT Budgets Reduced by 20 Percent With Client Virtualization
- IT Spending Survey: Average Annual IT Budget Rises to $121,770 for SMBs
- IT Costs: Strategies to Cut IT Infrastructure and Operations Costs
Logistics, Purchasing Inventory Costs
Study Pegs Supply Chain Overspending at $415 Billion
Article • posted 12/24/10
Manufacturers, distributors, and retailers will overspend more than $415 billion in 2010, according to estimates by NPI, a spend management services firm focused on delivering supply chain savings. NPIcalculated the Continue…
Accounting & Performance Measurement
Automation Helps Boost Efficiency, Reduce Costs
Article on Accounting & Performance Measurement • posted 04/08/11
The AP Automation 2011 Report, produced by IOMA/IOFM, gives controllers an inside look at existing and planned use of automation among AP departments across industries and company size. Continue…
- Productivity Costs Collaboration, Social Tools Cost $10,375 Per Person Annually in Lost Productivity
- IOMA Benchmarks Best-Practice Use in Monthly, Quarterly, & Annual Closes
- How to Combat the ‘7 Deadly Sins’ That Plague Performance Metrics
- IOMA Survey Reveals Inconsistent Use of Budget Best Practices
Benefits Costs
40% of Employers Use Cost-Sharing to Offset Health Care Reform Costs
Article on Benefits Costs • posted 07/07/11
Obamacare costs are hurting employers. Employees will take more of a hit, but medical benefits will not be cut in larger companies. Continue…
- ABHPs Cost $2,118 Less for Family Coverage Than HMOs
- Certain Employers Could Save $2 Million with Preferred Pharmacy Network, Generic Drugs
- Surveys Find Employers Plan to Reinstate 401(k) Matching Contributions
- Tiered Cost-Sharing Formula for Prescriptions Is in Place for 89 Percent of Workers
- Benefits Costs: Buck Consultants Projects 10 Percent Increase in Health Care Cost Trends
Compensation Costs
Compensation: Survey Projects 2011 Salary Range Changes, 2.7 Percent Merit Raises
Article • posted 01/27/11
Controllers can expect some changes in their companies’ spending on compensation in 2011. Overall, salary ranges are projected to be adjusted by an average of 2.9 percent, and merit raises Continue…
Banking & Finance Charges
What Are You Paying in Service Fees?
Article on Banking & Finance Charges • posted 06/01/11
There are certain fees and services that banks frequently mark down. It's important for AP managers to compare banking fees in order to get the best deals--and substantially lower costs. Continue…
