June 2006

Financial Executives Internationals (FEI) and Baruch College’s Zicklin School of Business just released their quarterly “CFO Outlook Survey” and found that finance executives are bullish, despite stagflation concerns and general economic unease. “CFOs are basically saying that we’re increasing our expected spending on technology, our expected capital spending, and we think we have more control […]

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The rumers were true: Google Checkout announced today. Read the press release on Google's site More info from Google (including a video tour). CNET article New York Times article San Francisco Chronicle article

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CNET News reports that Google is expected to announce its new payment network this week, directly challenging PayPal. Rumers have been circulating for months culminating in a storm of buzz this week. Excerpted from CNET: What's new Google is expected to announce a new online payment system this week, dubbed Gbuy. Bottom line If it […]

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GTNews has published the results of its April 2006 survey of 586 readers (397 corporates) worldwide. The study finds that cash management responsibilities have expanded beyond managing payments and balances to include manipulating working capital to achieve greater business efficiencies and increase revenues. Key trends identified by the survey are as follows:(excerpts are in italics) […]

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Are you innovative? Do you approach problems from a different perspective than the way we've always done it? Are your solutions to complex problems clever and imaginative? Obviously, finance executives should not be too innovative when if comes to accounting (look where that led the Enron team) but we can use a few pointers from […]

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The June issue of Treasury & Risk Mangement features the magazine's annual list of the 100 Most Influential People in Finance. The editors spoke with executives, bankers, economists, technology vendors and consultants to determine finance movers and shakers over the last 12 months. Finance leaders are recognized in the following categories: VISIONARY CFOs: Plotting the […]

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Glenbrook has been following Peppercoin since 2002 and has closely monitored the company’s strategy and progress. We were pleased by Peppercoin’s shift in direction two years ago—and we continue to be impressed by its ability to listen to the market, adjust its strategy, and move forward with a payment service that we believe to be […]

A recent article in CFO.com explores the benefits — and challenges — of implementing Business Intelligence (BI) capability company wide. Traditionally BI tools were deployed within silos and limited to tactical usage. Now BI is getting more strategic. Features of Strategic Business Intelligence Cross-function, department, and organization (vs. single function, siloed solution) Wide end-user usage: […]

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New technical specifications for "near-field communication", released last week by an international rules-setting body backing the technology, should add momentum in the U.S. to the trend toward contactless payments on mobile phones. The new specifications lead the way for phones to piggy-back on infrastructure built for smart chips and atennae. Excerpted from Digital Transaction News: […]

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A new study cites an increase in finance executive turnover – largely attributable to Sarbanes-Oxley. The headhunting firm Russell Reynolds Associates found a marked increase in CFO and Controller turnover. While Treasurer turnover is also increasing, it is doing so at a slower rate. Excerpt from CFO Magazine Many CFOs express a "get me out […]

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In a recent post the management guru Tom Peters raves about the entrepreneur-friendly San Francisco Bay Area We could, as a nation, do a helluva lot worse than emulating San Francisco and the Bay Area. In fact, I fervently believe we'd have a hard time doing better. Read the post here.

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Graphic courtesy of American Banker Infographic: E-Payments Surging WorldwideAmerican Banker (subscription required)Tuesday, June 6, 2006

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Lauralee Martin, CFO of Jones Lang LaSalle spoke at CFO Magazine's Corporate Performance Management conference in Chicago today. She shared how her company has developed a compensation program that drives performance across a wide spectrum of real estate and money management functions. The key to Jones Lang LaSalle's success is a balanced approach, simultaneously addressing […]

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Jim Flaws, CFO of Corning spoke at CFO Magazine's Corporate Performance Management conference today. He presented lessons learned as his company rode the wild wave of telecom enthusiasm and bust. In 1996 Corning spun off its healthcare and consumer products division (50% of sales) in order to focus on communications and display technologies. This proved […]

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Tom Davenport, author of the article Competing on Analystics that I wrote about in a previous post, spoke this morning at CFO Magazine's CPM conference. He observed that the planets are aligned for business analytics: companies are growing again and emphasizing innovation, technologies are more mature and less expensive, enough transacition data has ammased in […]

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