MIAMI & LONDON, July 19, 2018 – The 1000 largest non-financial companies in the U.S. significantly improved their ability to generate cash in 2017, producing the strongest working capital performance since 2008. But their ability to collect from customers and manage inventory actually both deteriorated, masked by a significant increase in the time companies […]
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CFO “Working Capital Scorecard: Suppliers Can Wait”
The cash conversion cycle improved once again in 2017, largely because many companies are taking as long as possible to pay suppliers. Results from The Hackett Group’s 2018 Working Capital Survey.
Read ArticleCFO Tech Outlook, “The Three Hallmarks of a World-Class Finance Organization”
Bylined article by The Hackett Group’s Nilly Essaides, Jim O’Connor, and Tom Willman. Companies today are facing a period of unprecedented volatility. Globalization is reshaping the competitive landscape. Changing regulations across multiple jurisdictions require constant monitoring. Meanwhile, digital transformation is giving rise to new products, services and business models. Digitization is also vastly accelerating the […]
Read ArticleWall Street Journal, “Delaying Payments to Suppliers Helps Companies Unlock Cash”
U.S. public companies are holding back payments for an average of 56.7 days, longer than any point in the past decade, according to a study by The Hackett Group.
Read ArticleDigitalist, “Breaking The Finance Cost Barrier”
A bylined article by The Hackett Group’s Nilly Essaides. “For the past several years, the cost of running the finance organizations has been flat, even for the best-performing organizations. The Hackett Group research shows world-class finance organizations continue to run their finance functions at around 40% less than typical finance organizations.”
Read ArticleCFO, “A CFO’s Guide to Maximizing the Potential of Accounts Receivable”
Including insights from The Hackett Group’s Bryan DeGraw. “CFOs face growing pressure to increase the speed, efficiency and profitability of the accounts receivable (AR) function. While AR has generally been viewed as the “billing and cash collection” center, the department has steadily become more expensive and time-consuming to operate because of demands from customers – […]
Read ArticleThe Hackett Group and ADP Further Expand Strategic Alliance
The Hackett Group’s HCM Best Practice Advisory Program, Research, Metrics, and Tools to Be Available to Companies Using ADP Enterprise HR, ADP Vantage HCM, and ADP Workforce Now MIAMI & LONDON, May 30, 2018 – The Hackett Group, Inc. (NASDAQ: HCKT) and ADP® (NASDAQ: ADP) have announced a further expansion to their strategic alliance […]
Read ArticleThe Hackett Group Joins Oracle Cloud Excellence Implementer Program to Drive Customer Success
Oracle Cloud Excellence Implementer Program Recognizes The Hackett Group Delivering Six Successful Oracle Cloud Applications in North America MIAMI & LONDON, May 22, 2018 – The Hackett Group, Inc. (NASDAQ: HCKT), a Cloud Premier and Platinum level member of Oracle PartnerNetwork (OPN), today announced it has joined the Oracle Cloud Excellence Implementer (CEI) program […]
Read ArticleWall Street Journal, “J.C. Penney Aims to Trim Growing Inventory at Comparable Stores”
Including insights from The Hackett Group’s Michael Unger. “J.C. Penney Co. Inc., which blamed unseasonable weather for anemic sales last quarter, aims to reduce inventory, which rose 2.6% on a same-store basis, said Jeffrey Davis, finance chief of the retail chain.”
Read ArticleCFO Webcast, “Machine Learning, Visualization, and the Next Stage of Analytics for CFOs”
Webcast featuring Hackett’s Nilly Essaides and Justin Gilespie. “For years, CFOs have had to rely on information about their companies’ previous financial performance to plan for the future. Throughout their efforts to identify the most likely scenarios from which they can derive their forecasts, finance leaders have often lacked a testable and verifiable methodology they […]
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