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.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
1,100 Former DOJ Lawyers Call on Barr to Resign for Interference in Stone Sentencing'The damage they have done to the Department of Justice’s reputation for integrity and the rule of law, require Mr. Barr to resign.'
Read more »
Orange County Police will not help ICE with immigration arrests as Trump admin puts pressure on sanctuary citiesSanta Ana Police Department and Orange County Sheriff's Department told local news it would not support or participate in ICE enforcement of immigration laws.
Read more »
NASCAR notebook: New Camaro is source of optimism for Chevrolet teamsDAYTONA BEACH, Fla. - After a less-than-stellar rollout of last year's NASC...
Read more »
UK households' confidence in finances hits record high in February: IHS MarkitA gauge of how Britons feel about their household finances hit its highest level...
Read more »
Former DOJ officials call on Attorney General Barr to resignMore than 1,000 former Justice Department officials called for Attorney General William Barr to resign over his handling of the trial of Roger Stone, a longtime adviser of President Trump
Read more »
Former DOJ officials call on U.S. Attorney General Barr to resignMore than 1,000 former U.S. Justice Department officials on Sunday called for At...
Read more »