EVERYTHING OLD WILL BE NEW AGAIN - Survey Identifies Need For Consultants For Financial Systems Upgrades



    TORONTO, Jan. 29 /CNW/ - Just as a great mechanic can extend the life of
an older car, a project consultant could be the Mr. Goodwrench of a systems
upgrade. More than one-quarter (26 per cent) of chief financial officers
(CFOs) recently interviewed said financial systems upgrades top their list of
projects for which they are likely to bring in financial consultants over the
next three years.
    The survey was developed by Robert Half Management Resources, the premier
provider of senior-level accounting and finance professionals to supplement
companies' project and interim staffing needs. It was conducted by an
independent research firm and is based on interviews with more than 270 CFOs
across Canada.
    CFOs were asked, "In which one of the following areas are businesses most
likely to bring in financial consultants or project professionals over the
next three years?" Their responses:

    
              Financial systems upgrades ..........  26%
              Corporate governance ................  13%
              Mergers and acquisitions ............   9%
              Business process re-engineering .....   8%
              Turnaround management ...............   5%
              None ................................   4%
              Don't know/no answer ................  35%
                                                   -----
                                                    100%
    

    "Even during this current economic climate, many companies continue to
replace or modify outdated financial systems to improve efficiency," said
David King, executive vice president of Robert Half Management Resources. "To
help implement these initiatives, firms need highly skilled and experienced
financial professionals for only a finite period of time."
    King added that the use of consultants to augment staff can result in
less need for continual layoffs and rehiring due to business fluctuations.
"Using project professionals is a cost-effective staffing strategy that can
offer flexibility and savings as well as increased productivity, profitability
and morale among existing staff."

    About the Survey

    The national study was developed by Robert Half Management Resources. It
was conducted by an independent research firm and is based on more than 270
telephone interviews with CFOs from across Canada.

    About Robert Half Management Resources

    Robert Half Management Resources was founded in 1997 and is the premier
provider of senior-level accounting and finance professionals to supplement
companies' project and interim staffing needs. The company has more than 150
locations worldwide and offers online job search services at
www.roberthalfmr.com.





For further information:

For further information: Kristie Perrotte, (416) 350-2330,
kristie.perrotte@rhi.com


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