CFOs Seen Ignoring Supply Chain Risks as Cost Cutting Tightens

Stamford, CT — June 26, 2009 — Chief financial officers in organizations across the globe are shunning risk management in favor of cost cutting and are failing to treat supply chain dangers seriously enough, according to a recent study by purchase-to-pay solution provider Basware in conjunction with the Kelley School of Business in Indianapolis.

The current downturn is profoundly affecting businesses around the world, and Basware's global study, "The Cost of Control," investigates the issues affecting finance and procurement. An insight into the views of 550 financial directors and CFOs from organizations around the world, the research is supported in the U.S. by Mark Frohlich, associate professor of operations management at the Kelley School of Business.