European Business Leaders Assemble for The Hackett Group's Third Annual Best Practices Conference
May 01 2007 - 4:30AM
Business Wire
The Hackett Group, a research-based advisory firm and an
Answerthink company (NASDAQ: ANSR), today announced that it will
preview findings from its 2007 Book of Numbers� research at its
Third Annual European Best Practices Conference, �Leveraging
Synergies: Myth or Reality,� in London 10 and 11 May. The research,
which quantifies costs, productivity, cash flow, and other key
efficiency and effectiveness metrics of world-class performance in
finance, IT, HR, procurement and other back-office areas, will be
one of several conference highlights. The two-day invitation-only
event will also feature presentations by senior executives from 13
of the world�s most successful global companies including: Allianz,
Britvic, Dow Chemical, Heineken,and Network Rail. The past year has
been one of record-setting mergers and acquisitions, putting
company growth at the top of the enterprise planning agenda. To
address this, the conference will explore whether synergy across
back-office functions is a fleeting myth or an untapped growth
opportunity. The two-day event aims to provide top-level executives
opportunities for exchanging ideas on best practices and proven
solutions for achieving world-class status. Joel Roques, Head of
European Research for The Hackett Group explained, �Mergers and
acquisitions are just one method of managing company growth. Our
research proves that world-class organisations strengthen their
businesses and achieve cost savings through efficiencies to their
internal processes. One technique being implemented by many of
Europe�s leading companies is the Shared Service Centre, which can
be best described as a form of internal outsourcing.� According to
Hackett President of Global Enterprise Solutions Richard T. Roth,
�In the business world, synergy is often the anticipated benefit of
corporate reorganizations, cooperation between business functions,
or mergers and acquisitions. The expectation is that the combined
organization will be greater than the sum of its individual parts.
But in reality, many actions aimed at achieving synergy fail to
deliver the expected gains. How is it that some companies use
synergy to successfully and repeatedly improve both efficiency and
effectiveness? What are world-class companies doing differently to
make synergy work? These are the topics we�ll be exploring in this
year�s European Best Practices Conference.� Earlier this year, The
Hackett Group published findings from its study on European Finance
Shared Services, which yielded two primary trends: first and
foremost that European companies are very successfully using shared
services in finance, and are seeing reduced costs as well as
improved quality, productivity, and customer service as a result.
And secondly that companies have begun the process of globalising
their shared services operations, and are expected to make
significantly greater use of offshore resources in the next few
years to take advantage of labour arbitrage opportunities in
Eastern Europe and elsewhere. This study was a follow-up from
November 2006 research which stated that Europe�s Top 500 companies
could save �32 billion if they offshore their back-office
activities. The following is a partial lineup of speakers at
Hackett�s Third Annual European Best Practice Conference: ABB Group
Senior Vice President, Head of Shared Services Lars-G�ran Lemelius
�One Simple ABB - Simplifying Back Office Structures� Allianz Head
of Global Reporting and Group Financial Data Management Dr. Juergen
Ott �Achieving Global Synergies at Allianz � The Role of Financial
Best Practices� Britvic Plc Director of Procurement Andrew Boyd
�Aligning Procurement with Corporate Strategy to Enable Growth�
Deutsche Bank AG Former Chairman of the Supervisory Board Dr.
Rolf-E. Breuer �Conference Keynote: Effective Corporate Governance:
How Should the Growing External Influence be Handled?� The Dow
Chemical Company Global Director, Purchasing Paula Tolliver
�Reducing Supply Disruption Risks and Improving Strategic Sourcing
Synergies at Dow � Genpact President and CEO Patrick Cogny Director
of Global Strategy and Marketing SAP AG Gianni Giacomelli Director
of Financial Operations, International Paper (Europe) Harry Wauters
�Why Outsourcing Is Here to Stay� The Suppliers and Buyers
Perspective� The Hackett Group VP Business Transformation Tom O.
Bangemann �Effects of Globalisation on European Shared Services�
The Hackett Group President Global Enterprise Solutions Richard T.
Roth �Leveraging Synergies: Myth or Reality?� Heineken
Group�Control and Accounting Director Floris van Woerkom �Realising
Synergies from Transformation in a Decentralised Organisation�-
Benchmarking: Kick-start Transformation at Heineken� HTS
International GmbH CFO Dr. Volker Hues �Fuelling Growth in Eastern
Europe through Working Capital Management� Linklaters Director of
Finance Nick Heywood-Waddington �Linklaters Transformation Journey
� Effectiveness Before Efficiency� Network Rail Director of
Strategic Change Caroline Donaldson �Transforming Network Rail��
From �Stopping the Rot� to �Being the Best�� Milupa Austria Finance
Director Ludwig Gold �Planning Dynamic and Profitable Growth at
Milupa� For more information on The Hackett Group's Third Annual
European Best Practices Conference, contact Emma Adams by phone at
+44 (0) 207 003 8066 or by e-mail at eadams@thehackettgroup.com.
About The Hackett Group The Hackett Group, a strategic advisory
firm, is a global leader in best practice research, benchmarking,
and business transformation services that enable world-class
performance across selling, general & administrative (SG&A)
and supply chain activities. Hackett provides strategic insight,
best practice advice and implementation services grounded in
performance metrics obtained through 15 years and 3,500 benchmark
studies at 2,100 of the world's leading companies. Through
its�sister company REL, a world leader in implementing cash flow
improvement, Hackett�also�offers tailored�solutions that�generate
cash flow�from operations�in addition to process�cost savings.
Executives use Hackett�s unique, empirically-based approach to
prioritize initiatives, execute faster, reduce risk and deliver
sustainable results. Our clients comprise 97% of the Dow Jones
Industrials, 50% of the FTSE 100 and 70% of the DAX 30. More
information on The Hackett Group is available: by phone at +44 207
003 8150; by e-mail at info@thehackettgroup.com; or on the web at
www.thehackettgroup.com.
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