Finance Departments Asked to Do More With Less

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An uncertain economic outlook for 2020 is causing companies to cut back across departments. Finance isn’t immune.

Finance departments cost large companies 0.95% of their annual revenue in 2019, down from 1.11% in 2010, according to a survey by Hackett Group Inc. The finance budget is forecast to decline to about 0.92% of annual revenue in 2020.

Finance departments increasingly are required to play a central role helping to optimize business processes and finding areas for growth, said Paul McDonald, a senior executive director at staffing firm Robert Half International Inc. Robotic process automation reduced the pressure for Life Link to hire additional finance staff, Chief Financial Officer Robert Sannerud said.

 

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Shakey economy!

They should start with the CEO offices

WSJ- WAIT A MINUTE!!! Didn't I JUST HEAR that 'Your DEAR LEADER'-trump--SAID-that the economy is 'The BEST' in several decades!! OH!! I GUESS BOTH of Ya'll are LYING!!!

I thought the economy was going a gang busters ?🤔

Here comes the pain. Going to be rewarded for insurrection against the Wealthy BillionaireBloomberg and TrumpAdministration 1975-76 all over again.

Rightfully so, if Democrats regain the WH, they must hold back money due to the Republicans exhorbert spending

Uncertain? Oh ok

Ask Trump

Trump said it's the best economy in US history? ¯\\_(ツ)_/¯

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