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Tax Officers Summit XIII 2012


Creating Beneficial Tax Incentive Packages






Wes Bowen from Harvest Group, LLC, a solution provider at the marcus evans Tax Officers Summit XIII 2012, on creating the most attractive tax incentive package for organizational expansion projects.

Interview with: Wes Bowen, Co-Founder and Senior Partner, Harvest Group LLC


FOR IMMEDIATE RELEASE


As part of an organization’s planning for expansion, consolidation, movement of product lines, and/or greenfield opportunities, it is vital for tax officers to create a strategy for incentive negotiation that encompasses all disciplines within the organizations that are working together to complete a successful project, says Wes Bowen, Co-Founder and Senior Partner, Harvest Group LLC.


From a solution provider company at the marcus evans Tax Officers Summit XIII 2012, in Hollywood, Florida, May 17-19, Bowen discusses how to challenge your organization to maximize incentive opportunities that are available from a wide range of corporate activities.     


How can tax officers get the best possible incentive outcomes for their organization?


Before deploying any capital into your manufacturing footprint, it is critical to respect the dynamic financial impact a professionally negotiated incentives package can have on the ultimate profitability of the proposed project. Depending on the size of the opportunity, it is wise to introduce or re-introduce the corporate executives to the state and local governmental leadership from the Governor down to the local elected officials.


Where is the greatest leverage within the negotiated incentive process?
 
Two components provide the greatest leverage in the incentive negotiation process, the desire for jobs in today’s economy and the reality that corporations have choices as to where they do business. It is true that companies must do business somewhere; however, why should they do business in a non-business friendly jurisdiction when they have a choice? It really should be a focus on strategic corporate planning. 


What are the issues that can arise in the negotiating period? 


There are several issues that can derail even the best incentive negotiation strategies. First, the unity of message, it is critical that there is a single message that is truthful, strategic, on-point and unified.  


Timing is the second factor; the time to negotiate incentives is prior to any indication that a project is a certainty. This one should be obvious.


Lastly, knowledge; find an incentive partner who understands what is available better than the governmental representation that is negotiating with the company. This partner should put the agreements in place in a manner to protect you should your plans change in the future and be committed to completing at least the first year’s compliance to ensure that the internal processes within your organization are created and well defined.


Any final comments?


This is an opportunity for the tax executive to create a partnership with a provider who can add significant financial value to the most high profile projects within an organization. That exposure is wonderful for the tax department who so many times is the last to know within an organization. Now, not only are they the first to know, they are also driving the corporate strategy. 



Contact: Stacey Melvin, Journalist, marcus evans, Summits Division


Tel: + 357 22 849 400
Email: press@marcusevanscy.com



About the Tax Officers Summit XIII 2012


This unique forum will take place at The Westin Diplomat Resort & Spa, Hollywood, Florida, May 17-19, 2012. Offering much more than any conference, exhibition or trade show, this exclusive meeting will bring together esteemed industry thought leaders and solution providers to a highly focused and interactive networking event. The Summit includes presentations on confronting the endless challenge of how to cope with the evolving tax world, the pressure of staying up to date with pending legislation and best practices for running the tax function.


For more information please send an email to info@marcusevanscy.com or visit the event website


marcus evans group – finance/insurance sector portal


The Finance Network – marcus evans Summits group delivers peer-to-peer information on strategic matters, professional trends and breakthrough innovations.


                            


Please note that the Summit is a closed business event and the number of participants strictly limited.


About Harvest Group LCC 


Harvest Group LLC was founded in 2002 by Wes Bowen and Rudy Watkins. Bowen and Watkins use their extensive experience to maximize their clients’ yield on investments and shareholder value through Tax Incentive Negotiations. The partners focus on economic development opportunities and nurturing client relationships. Those clients not only see their profits maximized, but also reap mutually beneficial relationships within the communities they operate. 


www.harvestgroupllc.com


About marcus evans Summits


marcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discuss strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to individually tailor their schedules of keynote presentations, think tanks, seminars and one-on-one business meetings. For more information, please visit www.marcusevans.com



All rights reserved. The above content may be republished or reproduced. Kindly inform us by sending an email to press@marcusevanscy.com


 

CFO Summit 2012


How CFOs Can Better Focus on High Value Tasks







  Christophe DuMonet of Esker Australia Pty Ltd, a sponsor company at the marcus evans CFO Summit 2012, on the benefits of document process automation.
 
Interview: Christophe DuMonet, Managing Director, Esker Australia Pty Ltd



FOR IMMEDIATE RELEASE


Document process automation allows Chief Financial Officers (CFOs) to significantly reduce operational costs and focus resources on higher value tasks, says Christophe DuMonet, Managing Director, Esker Australia Pty Ltd. It eliminates manual, tedious, repetitive, low value activities, he adds.


From a sponsor company at the upcoming marcus evans CFO Summit 2012, in the Gold Coast, Queensland, Australia, 4 – 6 March, DuMonet highlights the value of document process automation for CFOs.


How can CFOs give their organisation a competitive edge?


Document process automation eliminates manual, tedious, repetitive and low value activities. By doing so, companies significantly reduce their operational costs. In addition, it allows them to focus their resources on higher value tasks, such as negotiating better pricing from suppliers, consolidating suppliers and implementing customer care programmes.


Would this help CFOs mitigate risk?


By eliminating manual handling, document process automation solutions eliminate errors. For instance an accounts payable automation solution will identify that an invoice has already been processed and will prevent double payment. Esker solutions also include a full audit trail of the processing of a document, so that it is easy to review the full end-to-end journey of a document throughout the process.


How could organisations achieve business agility and operational efficiency through document process automation?


Our business is to provide solutions to complement and extend enterprise resource planning. These automate the processing of accounts payable, accounts receivable, sales orders and so on, by leveraging intelligent technologies that “understand” the content of a document and process it with little or no manual intervention. This results in operational efficiency and greatly reduces costs.


Unlike outsourcing where the company loses control and often visibility of its processes, our solutions provide full control and visibility. They are cloud-based technologies, so they requires no software, hardware or investment. They deliver value almost immediately, whilst simplifying the IT infrastructure of the company. They provide access to the required functionality, without the pain and cost of on-premise heavy solutions.


What would be the best way of implementing such a solution?


CFOs can prepare their organisations by focusing on the business benefits. They should work with the Chief Information Officer to understand and mitigate risks related to cloud solutions, and therefore drive the decision to adopt a document process automation solution.


What opportunities in the marketplace could CFOs take advantage of today?


Cloud technologies have now matured. Many tier one companies are using cloud solutions for many business processes, therefore there is no benefit in waiting for the pain to go away by itself. What used to cost USD 500,000 to 1 million and take 12 – 18 months to implement now costs less than a dollar per document to process and can be deployed in 30 days. It is now a good time for CFOs to act and update their organisation’s AP/AR/customer orders processes.



Contact:
Sarin Kouyoumdjian-Gurunlian
Press Manager
marcus evans, Summits Division
Tel: + 357 22 849 313
Email:
press@marcusevanscy.com



About the CFO Summit 2012


This unique forum will take place at RACV Royal Pines Golf Resort & Spa, Gold Coast, Queensland, Australia, 4 – 6 March 2012. Offering much more than any conference, exhibition or trade show, this exclusive meeting will bring together esteemed industry thought leaders and solution providers to a highly focused and interactive networking event. The Summit includes presentations on improved finance strategies, technological innovation, astute leadership, and the impact of climate change on finance.


For more information please send an email to info@marcusevanscy.com or visit the event website at www.cfo-anz.com


marcus evans group – finance/insurance sector portal


The Finance Network – marcus evans Summits group delivers peer-to-peer information on strategic matters, professional trends and breakthrough innovations.











 

 

 


Please note that the Summit is a closed business event and the number of participants strictly limited.


About Esker Australia Pty Ltd


Esker is a recognised leader in helping organisations reduce operational costs in the area of Financial Management and Customer Service by eliminating manual processes and simplifying IT environments. Esker delivers the benefits of automated document processing as ‘Cloud’ services (SaaS) and on-premise solutions for all financial documents and customer service activities.


For more information: www.esker.com.au


About marcus evans Summits


marcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discuss strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to individually tailor their schedules of keynote presentations, think tanks, seminars and one-to-one business meetings. For more information, please visit www.marcusevans.com



All rights reserved. The above content may be republished or reproduced. Kindly inform us by sending an email to press@marcusevanscy.com