If you throw a frog into a pot of boiling water, he'lljump out. If you put the same frog in tepid water and slowly turnup the heat, you will get a very different result.

Many CFOs and corporate treasurers in the United Statestoday—especially CFOs and treasurers of multinationalcorporations—find themselves in the situation of the slow-boilingfrog. The technologies and workflows that their organization hasused for years are unable to keep pace with both business-as-usualactivities and escalating disruptive events such as a bank ortrading-counterparty default, legal judgments or fines, a currencydevaluation, a fraud event, a qualified audit result, or a merger or acquisition.

Who has time for strategic planning when you are constantlyfighting fires? Yet for many companies, no single disruptive eventhas been dramatic enough to prod the finance function to jump outof the boiling water and into a more efficient way of doingthings.

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