Hackett: Financial Director (UK), ``World-class finance teams are cheap, says Hacket Group''
January 18 2008 - 1:02PM
Business Wire
New research by respected benchmarking company The Hackett Group
paints a bleak picture of typical finance department operations.
Typical companies spend more than twice the amount needed by
world-class finance operations, and operate with more than double
the staff. Finance costs have risen by 12% at typical companies
over the last three years, with increased focus and spending on
compliance playing a significant role in the cost increase. Click
Here to Link to Full Text of Article or visit the following URL:
http://www.financialdirector.co.uk/financial-director/analysis
/2204389/compliance-burden-increases (Due to its length, this URL
may need to be copied/pasted into your Internet browser's address
field. Remove the extra space if one exists). A detailed Research
Insight on this research is also available, with free registration,
at: http://www.thehackettgroup.com/insights/2007FinanceBoN. About
The Hackett Group The Hackett Group (NASDAQ: ANSR), a global
strategic advisory firm, is a leader in best practice advisory,
benchmarking, and transformation consulting services including
shared services, offshoring and outsourcing advice. Utilizing best
practices and implementation insights from more than 4,000
benchmarking engagements, executives use Hackett's empirically
based approach to quickly define and prioritize initiatives to
enable world-class performance. Through its REL division, Hackett
offers working capital solutions focused on delivering significant
cash flow improvements across business operations. Through its
Hackett Technology Solutions Group, Hackett offers business
application consulting services that helps maximize returns on IT
investments. Hackett has worked with 2,700 major corporations and
government agencies, including 97% of the Dow Jones Industrials,
73% of the Fortune 100, 73% of the DAX and 45% of the FTSE. Founded
in 1991, The Hackett Group was acquired in 1997 by Answerthink
which was renamed The Hackett Group in 2008. The Hackett Group has
Global offices in the United States, Europe and India. More
information on The Hackett Group is available: by phone at (770)
225-7300; by e-mail at info@thehackettgroup.com; or on the Web at
www.thehackettgroup.com.
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