CFO Barometer 2011: A Time of Opportunities?
Author:
CSC and TNS Sofres
Trends and Outlooks for Finance departments
Finance departments must now develop their vision for the future, acting as a guide for general management in making long-term strategic decisions, in addition to ensuring profitability and adequate risk management. This can be seen from the latest CFO barometer, a survey of finance managers from 80 large European companies.
The CFO Barometer is a survey that has been carried out for the fourth consecutive year by CSC, in conjunction with TNS Sofres. It is based on a quantitative analysis of the trends and outlook for finance managers from a sample group of large European companies.
Large European companies have recovered both by cutting investments and by drastically reducing their costs and working capital requirements. This recovery has brought profits close to their historical levels again, and generated comfortable cash reserves.
