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Press Releases
FOR IMMEDIATE RELEASE
For more information contact:
Lisa Kim
DLC
310.227.8230
Lisak@sixdgrs.com
Finance Under Pressure: How Innovative CFOs Can Do More with Less.
Woodland Hills, CA- In November 1, 2003 - DLC, the leader in helping companies transform ideas into action, one project at a time, today announced sponsorship of CFO Magazine’s research group, CFO Research Services, to conduct a study on how many of today’s finance departments are responding to the demand for finance to do more with less. The survey consisted of interviews with nine senior finance executives from American Express, CBRE Holding, Charles Schwab & Co., Sony Pictures and Virgin Entertainment to name a few.
The research covers the three problems with the way finance departments organize themselves today: inflexibility, instability and inefficiency and looks to innovative CFO’s solutions. As the experience of the companies profiled in the research suggest, there are specific actions CFOs can take to address the problems. Some are large scale, such as American Express’s transformation program. Others are more incremental, such as changes at Sony Pictures. But all call for examination of the way finance is typically organized and managed. The study suggests, “While it is probably counter productive to start redrawing the organizational chart, improving missing flexibility, stability and efficiency stands a good chance of success.”
About DLC
DLC is a professional services firm that helps Fortune 1000 companies transform ideas into action, one project at a time. Named the fastest growing company in Los Angeles (2004), the Company provides accounting and finance human capital on a project basis. With over 150 consultants,DLC has established itself as a leading business services provider for companies seeking assistance in financial planning and analysis, financial accounting and reporting, financial systems implementation, interim or "Gap" financial management, process documentation & redesign, project management, M&A due diligence support and post merger financial integration.
Headquartered in Woodland Hills, California, the Company operates 3 offices covering Southern California and 1 office in Chicago with plans of nationwide expansion over the next three years. The client portfolio boasts services to more than one-third of the 47 Fortune 1000 companies based in Southern California. Clients include Nestle, ConAgra, Wellpoint, CB Richard Ellis, Fluor, Taco Bell, DirecTV, Countrywide Financial, Kinko’s, Ingram Micro, Warner Bros., Tickets.com, Makita, Spectrum Pharmaceuticals, Sunkist, Union Bank of California, Universal Studios and many others, large and small.
"DLC," the “DLC" logo and service names are trademarks of DLC. References to other companies and their products use trademarks owned by the respective companies and are for reference purpose only.
About CFO Publishing
About CFO Publishing: CFO and CFO.com are owned by CFO Publishing, an Economist Group business. With a rate base of 450,000, CFO is the leading business publication for C-level and senior financial executives. It reaches an international audience of corporate leaders with its global group of magazines, including CFO IT, CFO Europe, CFO Asia and CFO China.
About CFO Research Services
CFO Research Services produces sponsored research projects about current finance issues, based on questionnaires and interviews. Recent projects include "Compliance: Finance's Bridge to the Enterprise," sponsored by Capgemini, "Excellence in Working Capital Management," sponsored by GE Commercial Finance, and "IT Moves from Cost Center to Business Contributor," sponsored by PricewaterhouseCoopers.
To download copies of recent research reports, and for more detailed information and contact details, visit the CFO Research Services web site: www.cfo-research.com.
Safe Harbor Statement
Statements in this press release other than statements of historical fact are forward-looking statements, including, but not limited to, statements concerning the potential success of anticipated product features, the anticipated product offerings and the potential market opportunities for business performance management software. Such statements constitute anticipated outcomes and do not assure results. Actual results may differ materially from those anticipated by the forward-looking statements due to a variety of factors, including, but not limited to the company's ability to retain and attract key employees, the successful and timely development of new products, the impact of competitive products and pricing, customer demand, and technological shifts. |
