Chief executive officer

FINANCE UNDER PRESSURE:
How innovative CFOs do more with less

A report published by CFO Research Services in collaboration with DLC, Inc.

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FINANCE UNDER PRESSURE: How CFOs do more with less

FINANCE UNDER PRESSURE: How CFOs do more with less

INTRODUCTION Life has been getting harder for finance professionals. Increasingly, CFOs and their staffs struggle to do more with less, compelling finance employees to work longer hours. In many companies, morale is slipping and turnover rates are rising. A survey by Financial Executives International found that 34% of finance executives plan a career change in the next two years.

finance to provide fast, customized advice on subjects ranging from investment optimization to supply chain management. Finance departments are expected to run leaner, automating repetitive tasks and devoting more time to value-added work. And they are expected to do this while responding to the pressures mentioned above.

ABOUT THIS REPORT In November 2003, CFO Research Services (a unit of CFO Publishing Corp.) conducted a research program to identify how innovative CFOs are responding to the demand for finance to do more with less. DLC, Inc., a finance consulting firm, funded the research and the publication of our findings. Our research consisted of interviews with nine senior finance executives from the following companies:
• American Express • CBRE Holding • Charles Schwab & Co. • Delta Connection, Inc. • Educational Testing Service • Sony Pictures Entertainment • Technicolor Entertainment Services • Virgin Entertainment • Yan Can Restaurants

Finance under pressure: How innovative CFOs do more with less is published by CFO Publishing Corp., 253 Summer Street, Boston, MA 02210. Please direct inquiries to Lisa Nelson at [phone] ext. 249, or [e-mail]. Copyright © 2004 by CFO Publishing Corp., which is solely responsible for its content. All rights reserved. No part of this report may be