HCKT Hackett Group Inc

The average global corporation is sitting on enough cash to buffer half the impact of a yearlong recession, if management could only figure out a way to get their hands on it That's the conclusion of a study released this week by strategic consultants at The Hackett Group (NASDAQ: HCKT). Signs abound that this recession could be severe. Motorola Inc. (MOT) recently announced it was laying off 3,000; Goldman Sachs Group Inc. (GS) 3,260; Xerox Corp. (XRX) 3,000; and Chrysler LLC 5,000. By contrast Hackett estimates the 1,000 global companies in its study could minimize job cuts and save $3.2 billion, or nearly 13% of annual revenue, if companies were more strategic. Eliminating administrative steps, consolidating related activities, improving sales forecasts and collecting debts faster are all ways to mine the cash buried in the balance sheet instead of preparing for recession with an ax. Click Here to Link to Full Text of Article or visit the following URL: http://webreprints.djreprints.com/2063691048809.html The full 12-page research piece is also available directly from Hackett, with registration, at the following link: www.thehackettgroup.com/usrecession/ About The Hackett Group The Hackett Group, Inc. (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.