Finance teams eye budget cuts as focus on margins grows

04/19/2013 | Wall Street Journal/CFO Journal, The

Finance executives predict their budgets will decline 1.2% this year as companies focus more on margins and eliminate staff, according to a survey by The Hackett Group. Of respondents, 41% think budgets will increase, and 28% expect they will be able to hire. To reach growth goals, finance teams will have to increase productivity by 10%, Hackett concludes.

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