cfo summit ensuring accurate corporate financial reporting december 5, 2002
TRANSCRIPT
CFO SummitCFO Summit
Ensuring Accurate Corporate Financial Reporting
Ensuring Accurate Corporate Financial Reporting
December 5, 2002December 5, 2002December 5, 2002December 5, 2002
CFO Survey Results: What keeps you up at night?
ReportingDecision Making
Keeping Up with Technology Saving TimeExpense Management
Cash Flow
Scale
Solutions Target Customers of Various Sizes and Needs
Scalable Solutions Maximize Customer ValueERM, SCM, CRM, AnalyticsFRx Analytics and ReportingEnterprise ReportingFRx ForecasterFRx Financial Reporter
““There is a crisis in corporate There is a crisis in corporate reporting… The impact is global. reporting… The impact is global. There are no walls or oceans There are no walls or oceans around this crisis; it affects the around this crisis; it affects the entire world’s capital markets, entire world’s capital markets, investors, and economies.”investors, and economies.”
“FRx is driven by logic so I have a much higher confidence level in the accuracy of the data than I would have with [a spreadsheet-based] report.”
Scott Cross, VP of Finance and Administration
Accuracy
“We have been able to shave a minimum of three days per month off our closing cycle.”
Ray Peurifoy
Speed
“FRx enables us to distribute critical financial and production-related information to operational and field management at least two days sooner than we were previously able to do.”
Norm Beuder, Controller
“When we distribute our reports … [FRx] allows our users at different sites to receive the same financial report, but only have access to the specific report information they have permission to view.”
Graham Birse, IT Manager
Relevance