Technology: Page 36
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Beyond Cash Management
Companies are calling on treasury departments to do more thananalyze cash and manage risk. In a survey conducted by the Associationfor Financial Professionals, 91 percent of respondents said the role of thetreasury department is expanding. Some of the tasks treasury is assuminginclude assisting i...
By CFO Editorial Staff • Nov. 15, 2006 -
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How to Put Your Spreadsheet in Lockdown
Lurking inside the boxes of a spreadsheet can lie some of a company’s most precious and confidential financial data. While keeping that data secure is crucial, however, well-oiled finance departments often need to make it widely visible within their corporations.Indeed, keeping the data contained...
By John Edwards • Nov. 13, 2006 -
Explore the Trendline➔
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TrendlineThe CFO Strategy for Artificial Intelligence
Artificial intelligence’s impact on the office of the CFO continues to evolve, and finance chiefs must be aware of the opportunities it will create for growth.
By CFO.com staff -
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Offshoring Finance Jobs Saves Billions?
Fortune 500 companies could save $20 billion annually by sending 650,000 finance and procurement jobs overseas, according to a new Hackett Group report. By doing so, each corporation could cut costs by as much as $40 million in one year, concludes the study. In fact, the strategic advisory firm s...
By Sarah Johnson • Nov. 9, 2006 -
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How ‘Obvious’ Is Your Company’s Patent?
As soon as the end of this month, the ruling in a case slated to be heard by the U.S. Supreme Court, KSR International v. Teleflex, could unhinge our patent system as we know it, some lawyers think.To be sure, the facts of the dispute involve something quite industry-specific: gas-pedal technolog...
By John P. Mello Jr. • Nov. 6, 2006 -
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Buena Vista?
Microsoft engineers know a thing or two about operating systems. Co-founder Bill Gates transformed the fledgling software publisher into a business powerhouse by buying the Disk Operating System, then shrewdly licensing the program to IBM. Later, Microsoft cemented its place in the corporate pant...
By John Edwards • Nov. 1, 2006 -
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Will the AICPA Take Over XBRL Standards?
Thanks to unrelenting cheerleading by Securities and Exchange Commission Chairman Christopher Cox and, now, millions of dollars in SEC funding, XBRL is almost ready for prime time.After years of glacial development, XBRL (which stands for eXtensible Business Reporting Language) may soon be suffic...
By David Katz • Oct. 30, 2006 -
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Why PCs Fail
Leslie Fiering is the computer coroner. As an analyst at Gartner, the Stamford, Conn.-based technology-research firm, it’s Fiering’s job to figure out why some computers seem to last forever while others give up the ghost after only a few weeks. “Motherboards are the biggest problem,” she says, r...
By John Edwards • Oct. 23, 2006 -
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Are Your Business Partners an IT Threat?
It’s hard for any company to do business these days without partners. Even vendors are routinely described as partners. But for the people within your company responsible for your network and computer systems, partners are more aptly described as a giant security headache.According to a recent su...
By John P. Mello Jr. • Oct. 16, 2006 -
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Solving the Audit Gap
A piece of technology that’s probably already available in your office can help solve many of the IT-related deficiencies that crop up in internal control audits. What is it? The electric elevator, first built by Werner von Siemens in 1880.In all too many companies, before, during and after an au...
By Jabulani Leffall • Oct. 2, 2006 -
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Execs Unsure About Tech’s ROI
Most finance chiefs and managing directors at U.S. multinational companies believe their investments in technology have had a positive impact, yet only about one-third are convinced that they are getting an optimum return on their technology dollars.According to a survey by PricewaterhouseCoopers...
By Helen Shaw • Oct. 2, 2006 -
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Core Values
Since the dawn of the Industrial Revolution, a steady chorus of Luddites, doomsayers, and social critics has voiced concerns about the impact of technology on mankind. Usually, this concern has come in the form of a simple question: At what price progress?At the end of this year, finance chiefs w...
By Esther Shein • Oct. 1, 2006 -
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10-Ks, 8-Ks a Thing of the Past?
Will your company issue a 10-K next year? Probably, but investors may not look at it. And in the future, if Securities and Exchange Commission Chairman Christopher Cox has his way, such forms could become moot altogether.At a press conference Monday, Cox told reporters that investors will no long...
By Marie Leone • Sept. 25, 2006 -
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Survey: IT Falls Behind on Compliance
Four years after Sarbanes-Oxley Act’s inception, corporate IT departments are having trouble catching up to their finance department counterparts. CEOs and CFOs have taken compliance issues very seriously, especially in the past few years, but their counterparts in the IT department aren’t able t...
By Sarah Johnson • Sept. 18, 2006 -
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Checkups on Providers Miss the Mark
SAS-70 audits assess the internal controls, in particular the data-security controls, of outsourcing providers. These checks have become a regular part of Section 404 compliance. The problem is, they cost a lot, and “it isn’t clear that they are all that effective,” says Jonathan G. Gossels, pres...
By Rob Garver • Sept. 1, 2006 -
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Def on the Aisle
Despite the hype, viewing television on a high-definition liquid crystal display isn’t all it’s cracked up to be. Hi-def content is limited, moving images tend to blur on screen, and standard-definition programs look like they’ve been run through a taffy puller.But retailers love hi-def sets, and...
By Russ Banham • Sept. 1, 2006 -
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How To Keep Your Audience Awake
Anyone who’s ever given a presentation or made a speech knows it’s a bad sign when audience members start quietly tapping away at personal electronic devices. That can only mean they’ve tuned out and are checking e-mail or playing Tetris on their cell phones.But a company called Turning Technolog...
By John P. Mello Jr. • Aug. 28, 2006 -
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CFOs and Gadgets: A Love/Hate Relationship
Executives are rarely seen without their PDA or cell phone — whether they’re on the subway, in their car, or buying bread at the grocery store. But they’d like to be.All the time, day and night, 81 percent of executives are connected to their work through their mobile devices, including laptops a...
By Sarah Johnson • Aug. 24, 2006 -
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Spreadsheet by Google?
Move over, Excel — but not too far. There’s a new spreadsheet in town, it’s from arch-rival Google, and it’s free.It is also, even by Google’s admission, rudimentary and likely to stay that way, and very unlikely to win the hearts, minds, or keystrokes of Excel power users.Still, the concept — a ...
By Esther Shein • Aug. 21, 2006 -
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Another XBRL Nudge from the SEC
The Securities and Exchange Commission continues gently pressuring companies to adopt XBRL. On Monday, the SEC issued a formal request to software vendors for help in developing an XBRL-based analytical tool that it could add to the Website where public company financial filings are posted.XBRL, ...
By Tim Reason and Alix Stuart • Aug. 14, 2006 -
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What’s the Big Idea?
Like most drug makers, Inspire Pharmaceuticals lives and dies by its ability to deliver valuable new medicines. Figuring out whether to advance or kill an idea, however, has gotten harder. Not only has the company’s product portfolio grown, so too has the range of factors that come into play when...
By Yasmin Ghahremani • Aug. 14, 2006 -
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When Talk Isn’t Cheap
As blogging’s popularity rises, some major companies, including Sun Microsystems and IBM, are encouraging employees to contribute to company-backed Websites. Some even let them rant — Microsoft’s Robert Scoble, for example, a popular blogger who stepped down this past summer to work at video-blog...
By CFO Editorial Staff • Aug. 10, 2006 -
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Is Your Blackberry a Hacker’s Back Door?
BlackBerry is in the news again. This time, the buzz surrounds a soon-to-be-released hacking program aimed at the tool. But don’t worry. Like the threatened shutdown of Blackberries this past winter, this new threat may do little more than highlight the ubiquity of the devices.The program, BBProx...
By Helen Shaw • Aug. 8, 2006 -
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XBR-What?
It has been heralded as an invention that rivals the bar code and color TV. Internet pioneer Leonard Kleinrock believes we will be “surprised and even amazed” by it. Xerox CEO Anne Mulcahy has drawn a link between it and the French Revolution, invoking Victor Hugo’s famous line that “no army can ...
By Alix Stuart • Aug. 1, 2006 -
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High Anxiety
Paul Wilde is a big believer in data protection. As CFO of Corillian Corp., he almost has to be. The Hillsboro, Oregon-based company delivers financial services and products to banks via the Internet. As such, the company not only stores data about customers, it also has access to information abo...
By Elaine Appleton Grant • Aug. 1, 2006 -
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High Anxiety
Paul Wilde is a big believer in data protection. As CFO of Corillian Corp., he almost has to be. The Hillsboro, Oregon-based company delivers financial services and products to banks via the Internet. As such, the company not only stores data about customers, it also has access to information abo...
By Elaine Appleton Grant • July 31, 2006