New research by respected benchmarking company The Hackett Group paints a bleak picture of typical finance department operations. Typical companies spend more than twice the amount needed by world-class finance operations, and operate with more than double the staff. Finance costs have risen by 12% at typical companies over the last three years, with increased focus and spending on compliance playing a significant role in the cost increase. Click Here to Link to Full Text of Article or visit the following URL: http://www.financialdirector.co.uk/financial-director/analysis /2204389/compliance-burden-increases (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists). A detailed Research Insight on this research is also available, with free registration, at: http://www.thehackettgroup.com/insights/2007FinanceBoN. About The Hackett Group The Hackett Group (NASDAQ: ANSR), 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 division, Hackett offers working capital solutions focused on delivering significant cash flow improvements across business operations. 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 and 45% of the FTSE. Founded in 1991, The Hackett Group was acquired in 1997 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 info@thehackettgroup.com; or on the Web at www.thehackettgroup.com.
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