Hackett: CFO, ``Preparing Your Company for Recession''
February 01 2008 - 11:47AM
Business Wire
"At kitchen tables across our country, there is a concern about our
economic future," the President said in his State of the Union
address Monday night. He might well have mentioned conference-room
tables, too. A new paper by The Hackett Group notes that financial
crises are an inevitable part of the business cycle, and that
companies that respond rapidly and wisely often emerge stronger.
For Hackett, that involves a three-part strategy: look for
cost-savings from long-term structural changes, seek ways to free
cash from working capital, and hone your company's planning and
forecasting capabilities. Click Here to Link to Full Text of
Article or visit the following URL:
http://www.cfo.com/article.cfm/10600055/1/c_2984287?f=search The
research described in this article is also available for download,
with free registration, at:
http://www.thehackettgroup.com/hpn/docs/rword/. About The Hackett
Group The Hackett Group (NASDAQ: HCKT), 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 brand, Hackett offers working capital
solutions focused on delivering significant cash flow improvements.
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 30 and
45% of the FTSE 100. Founded in 1991, The Hackett Group was
acquired 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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