Updates from Enporion
Contacts Us
North America
Clark, NJ
(Global Headquarters)
100 Walnut Avenue, Suite 304
Clark, NJ 07066
Phone: 732-382-6565
Email: info@gep.com
Top Priority in 2009: Strategic Cash Flow Management
Utility Company CFO role gets broader according to Public Utilities Fortnightly magazine
This year it’s not about wearing more hats as much as bigger hats. Senior executives, especially financial officers, are finding they must wear a hat that is overflowing with cash flow management strategies. CFO’s are getting more involved in operational business processes, especially the supply chain. Yes, Supply Chain Managers, get ready for your CFO to be eager to work with you to find out how supply chain, a corporate asset, can help with enterprise cost-cutting plans.
The article from Public Utilities Fortnightly magazine, analyzed the careers of leading CFO and CEOs in top utility and energy companies. It’s clear that strategic operational thinking is making a big difference in how CFOs are contributing to their organizations’ success.
What does this mean for every other department executive?
Rather than just looking at the usual suspects for cost cutting during 2009, CFOs are actively engaging in improving business processes, increasing efficiency, and looking to software systems to enable improvements in working capital optimization. CFOs will be engaged in evaluating technology solutions. Supply chain executives can prepare to discuss best practices for savings and process efficiency in sourcing, procurement, and supplier relationship management, to name a few areas.
How can you as a Supply Chain professional prepare to make your best recommendations? Download our whitepapers:
- “Approaches to spend analysis and sourcing with immediate ROI that no one told you about, until now,”
Contact Enporion to get more information and a company capabilities brief.
