9/11 Disaster Highlights New Internal Business Challenges; New Killen WebCast Explores Ways for CEOs and CFOs to Respond Faster to Changing Conditions.Business Editors PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--Nov. 8, 2001 In the wake of the 9/11 disaster, leaders of global corporations face unprecedented challenges in responding to much more chaotic and dangerous business conditions. "Economic times in the last month have changed dramatically," says Rita Iorfida, VP for Financials Product Management at PeopleSoft (PeopleSoft, Inc., Pleasanton, CA, www.peoplesoft.com) A software company that specialized in enterprise-wide applications for client/server environments. Initially specializing in human resources, its package offerings covered the gamut including financial, distribution, manufacturing . Iorfida spells out some of the challenges now facing CEOs and CFOs in a new WebCast released by Killen Killen can refer to: Places:
"The flow of products that people are going to buy is going to be considerably different now," Iorfida said. "The way corporate executives actually manage business is going to be very different. If any organization is still living with the plan they had July July: see month. 1, 2001, they're they're Contraction of they are. they're be fooling themselves," she added. "They are not managing their business in a strategic way." The sudden changes now engulfing business highlight the limitations of traditional financial management systems and strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. systems. In the Killen WebCast, Iorfida describes how these systems need to be improved to allow corporations to respond faster in this new environment. "Corporate executives need to have the information that allows them to look at things right now and change the way they manage business going forward so that they can make the right decisions. Having systems that allow them to react quickly is an absolute necessity." The urgent need for CEOs and CFOs today is to be able to integrate their operating plans with their forward-looking for·ward-look·ing adj. Concerned with or making provision for the future: forward-looking educators; a forward-looking corporate plan. Adj. 1. strategic vision, she said. The 9/11 disaster shows that the process of revising operating plans to reflect the latest information "is much more dynamic than we ever thought." Otherwise, executives are working with an operating plan that is completely out of date and will not achieve their objectives. Iorfida believes the key to meeting those challenges is integrating more financial applications so that CFOs have the right tools to better manage their business. PeopleSoft has developed its PeopleSoft Portal solution with CFOs in mind. "It brings together a myriad Myriad is a classical Greek name for the number 104 = 10 000. In modern English the word refers to an unspecified large quantity. The term myriad is a progression in the commonly used system of describing numbers using tens and hundreds. of information sources and different financial applications into one content view, making it an enabling technology," states Iorfida. "It gives CFOs the information and control they need." As VP for Financials Product Management, Iorfida is responsible for product strategy, planning, and marketing functions for Financial Products including Education & Government Financials and Professional Services Automation See PSA. products. The Killen & Associates WebCast can been seen in entirety The whole, in contradistinction to a moiety or part only. When land is conveyed to Husband and Wife, they do not take by moieties, but both are seised of the entirety. at http://www.killen.com . About PeopleSoft, Inc. (http://www.peoplesoft.com) Pleasanton, Calif.-based PeopleSoft Inc. is a global provider of collaborative enterprise software. PeopleSoft's integrated applications include Customer Relationship Management, Enterprise Service Automation, Supply Chain Management, Human Resource Management, Financial Management, and Enterprise Performance Management. About Killen & Associates (http://www.killen.com) Killen & Associates is the leading market research firm that helps the Global 2000 and their banking and IT suppliers develop strategies to improve the financial supply chain process. It provides clients with consulting and studies on the financial supply chain and software suppliers. Log on to read studies and the company's newsletter, The Killen Alert(TM); and to watch WebCast interviews that provide valuable insights. Killen & Associates maintains offices in Palo Alto. Killen & Associates helps decision makers to make wise decisions about their financial supply chains. |
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