Page 218 - Accounting Best Practices

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Implementation Issues for Finance Best Practices
Exhibit 11.1 Summary of Finance Best Practices 207
Best Practice Cost Install Time
Financing and Investment Activities
11–1 Obtain financing through Internet
lender sites
11–2 Purchase debt directly from the
government
11–3 Take a business unit public
11–4 Use Internet-based technical analysis
services

Investor Relations
11–5 Eliminate small investors
11–6 Open conference calls to the public
11–7 Outsource the company stock
purchase plan
11–8 Sell shares in an Internet-based auction
11–9 Use Web broadcasting for public reporting

Option Management
11–10 Automate option tracking
11–11 Use Internet-based options pricing services
Pension Management
11–12 Automate 401(k) plan enrollment
11–13 Grant employees immediate 401(k)
eligibility

Risk Management
11–14 Consolidate insurance policies
11–15 Obtain advance rating assessments
11–16 Rent a captive insurance company
11–17 Use Internet-based risk measurement
services

Treasury Management
11–18 Centralize foreign exchange management
11–19 Install a treasury workstation

(continues)