Interesting 2013 trends list from CFO Magazine. Their six trends are:
1. The pressure on CFOs to unlock corporate cash hordes will grow. Billions and billions are sitting corporate balance sheets basically earning bupkis due to low interest rates. CFO expects stock buybacks and increased dividends.
2. To hire or not to hire will be the question. CFO thinks 2013 might be the year corporations increase hiring. We're not so sure, but agree hiring in general will pick up this year.
3. Like it or not, financial reporting will continue to globalize. Agreed.
4. Tight credit at banks will trigger increased use of alternative sources of funding. The CFO list targets bigger companies. Small businesses have faced tigher credit for years and have already increased their use of alternative funding sources. Interesting to see this happening to larger firms who have had relatively easy access to capital for the last couple of years.
5. Big Data will smarten up. Key quote for SMBs from this trend is "With the price of predictive analytics and Big Data tools falling, the finance folks at SMBs seem likely to pull open their firms’ purse strings." We obviously agree.
6. Obamacare will come to ground. The gist of this trend is 2013 is the year to plan for Obama Care. We agree.
By the way, according to the Urban Dictionary "bupkis" at one time may have meant "goat shit". Great word.
Go to CFO's site for more detail on their trends.
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