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IT budget shock: Global IT services firms continue to struggle

CIO Business Intelligence

The global IT services industry is at a significant crossroads, with the explosive growth of generative AI and deepening economic uncertainties reshaping its future. Cognizant Technology Solutions announced a full-year revenue forecast below expectations. In challenging times, tough measures are often required.

IT 78
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Tips to Achieve Tax Agility in 2021

Jet Global

By any measure, 2020 has been a difficult year for organizations to navigate. But the emergence of COVID-19 layered even more complexity on their ability to predict ETRs and to support their organizations with accurate forecasts. Read how scenario planning for tax forecasts should work in 2021.

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How CFOs Can Lead With Foresight

Jedox

The depth and breadth of the 2020 crisis caught many unaware. The unprecedented uncertainty forced companies to make critical decisions within compressed time frames. The room for poor assumptions and missed forecasts shrank. This placed an acute spotlight on planning agility. Conclusion.

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Operational Finance in the Age of Covid-19: Time to Change the Basics?

Jet Global

Invariably, these activities have seen added stress in 2020. Not only have finance teams had to close companies’ books remotely, but they’ve also been required to provide the insight and information needed for some extremely complex decision-making, and continuously plan and forecast for events with little or no historical context.

Finance 98
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5 Tips to Manage Cash Flow Pressures

Jet Global

In 2020, businesses around the globe are watching cash more closely than ever. Analysts in the finance and accounting department need to dig deeper into the assumptions that drive sales forecasts. Forecast Frequently. Not surprisingly, many companies have deferred capital expenditures in the first half of 2020.

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Top Five Financial KPIs for the Construction Industry

Jet Global

At the start of 2020, construction was projected to grow at 4.5 Now that every industry is facing a prolonged period of uncertainty, having access to accurate, up-to-date information is more critical than ever. Measured by taking revenues and subtracting things like taxes and expenses, net income is simply another word for profit.

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CDW to Acquire Sirius Computer Solutions for $2.5 billion

CDW Research Hub

The combined company would have had 2020 net sales of $20.5 One of the largest IT solutions integrators in the United States, Sirius generated 2020 net sales of $2.04 Combining with Sirius is expected to expand CDW’s Services portfolio by approximately 45%, from approximately $900 million annual net sales in 2020 to approximately $1.3