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Whether a company prepares full-blown forecasts of operating performance every month or every quarter, speed matters.
Informed predictions about trends in revenue, cost, and operating profit provide the basis for decisions about staying on course or shifting focus. They are especially critical in budgeting and resource allocation. They also provide an informative snapshot for investors and boards of directors who are eager to keep tabs on how the company is performing.
Read: “Metric of the Month: Financial Forecasting Speed”
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In the view of Paul Auvil, the CFO of Proofpoint, a cybersecurity firm, no single way of fighting online attacks against companies is infallible.
Hence, on January 20, the company announced that it had formed a partnership with Palo Alto Networks, which builds firewalls to defend clients against cybercrime.
Read: “Cyber Risk Demands All Hands on Deck: Proofpoint CFO”
Obama Seeks $19B for Cybersecurity Plan
The plan would create a panel of experts to advise the government on ways to improve its cybersecurity and protect citizens’ data.
Cyber Risk Demands All Hands on Deck: Proofpoint CFO
A finance chief brings his engineering background to bear on spear-phishing and other cybersecurity risks.
Monsanto Settles Accounting Violations for $80M
The SEC faults the company for booking millions of dollars in revenue from a rebate program while failing to recognize costs at the same time.
Metric of the Month: Financial Forecasting Speed
It’s important to complete forecasts with dispatch, but it’s also crucial to expand your inputs beyond the sales pipeline.
Chinese Group Offers $1.2B for Opera Browser
The deal gives the Chinese investors access to a product that has lagged in the West but still has a loyal following in developing countries.
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