American Express and FlexiInternational Software Present the New CFO of the 21st Century Seminar Series.Business Editors SHELTON, Conn.--(BUSINESS WIRE)--Sept. 19, 2002 FlexiInternational Software, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :FLXI) today announced that American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. and FlexiInternational Software will present a practical and timely discussion of business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in and reengineering as well as accounting solutions available to allow today's CFO See Chief Financial Officer. to balance the need for a more strategic corporate role with the increasing requirements of managing ever more complex finance, corporate reporting and audit operations. The New CFO of the 21st Century Seminar Series will start on October 15, 2002 in Miami, Florida “Miami” redirects here. For the Native American tribe, see Miami tribe. Miami is a major city in southeastern Florida, in the United States. It is the county seat of Miami-Dade County. Miami is a gamma world city with an estimated population of 404,048. and October 16, 2002 in Orlando, Florida The city of Orlando is a major city in central Florida and is the county seat of Orange County, Florida. According to the 2000 census, the city population was 185,951. A 2006 U.S. , and will be sponsored by Michael F. Corbett & Associates. Future seminars are expected to be announced To be announced (TBA) A contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered. . Harvard Business Review Harvard Business Review is a general management magazine published since 1922 by Harvard Business School Publishing, owned by the Harvard Business School. A monthly research-based magazine written for business practitioners, it claims a high ranking business readership and has identified outsourcing as one of the most important management ideas and practices of the past 75 years. "Companies are continually challenged to increase quality both externally and internally while reducing costs. CFOs need to assess the primary responsibilities of transactional processing, financial reporting, and analysis to determine which critical non-core activities can be outsourced to increase efficiency while maintaining or lowering cost," said Abe Eshkenazi, Managing Director of American Express TBS. "This program deals specifically with the decision process executives can utilize within their finance and accounting functions to evaluate the benefits and risks associated with outsourcing one or many functions." "While outsourcing of HR, Payroll, and IT operations are well established, finance and accounting outsourcing is still relatively new, but one of the fastest growing segments is business process outsourcing," said Stefan R. Bothe, FlexiInternational's Chief Executive Officer. "Companies of any size owe it to themselves to learn more about accounting outsourcing and to determine if it is right for them. This seminar will present the issues and benefits of outsourcing in a concise manner and should assist companies with their analysis of business process outsourcing and help them in the decision process." "Through outsourcing, companies are transforming their operations, finances, and supply chains. They are using outsourcing to return to the basics of business success -- cost management, profitability and shareholder value," said Michael F. Corbett, President of Michael F. Corbett & Associates, Ltd. Outsourcing is more than a $1 trillion global business opportunity (Dun & Bradstreet), with growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. of from 15 to 25% (The 2001 Strategic Outsourcing Study). Over the next two years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time typical executive will be outsourcing as much as one-third of their operation." About American Express American Express Tax and Business Services (TBS) is the 10th largest accounting and consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a in the country. We have over 2,700 professionals in 58 offices nationwide. The Chicago Consulting Group of TBS delivers a broad range of services to mid-market firms that address both business and systems needs. Our services include: process improvement and innovation; strategy and business planning; and outsourcing assessment and services. For more information visit our website at http://www.americanexpress.com/tbs/chicago. About Michael F. Corbett & Associates, Ltd. Michael F. Corbett & Associates, Ltd. is dedicated to advancing outsourcing as a powerful management discipline. The company has trained thousands of executives on outsourcing. Annually it produces The Outsourcing World Summit; the industry's preeminent gathering of leading practitioners and thinkers from across the U.S. and around the world. http://www.CorbettAssociates.com. About FlexiInternational Software FlexiInternational Software, Inc., with offices in Shelton, CT; Naples, FL; and London, UK is a leading provider of Internet-enabled financial software and accounting outsourcing services. Flexi serves clients in banking, healthcare, utilities, transportation, financial, accounting, and management services. Additional information is available at http://www.flexi.com. |
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