Hackett: CFO, ``Preparing Your Company for Recession''

  
    
  
  
    
      "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.
    
    
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      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 [e-mail]; 
      or on the Web at www.thehackettgroup.com.