Tuesday, October 25, 2005

Here is a credibility booster for BearingPoint

We can't figure out our own accounting system - Harry You, CEO

BearingPoint's ''Clerical'' Problems
Employees retrace the hours they worked on each project for the past two years; CEO (and interim CFO) Harry You describes a sort of ''perpetual catch-up.''
Stephen Taub, CFO.com
October 24, 2005
Blame BearingPoint's accounting troubles on a new finance package, says chief executive officer Harry You.
In an interview with The Washington Post, the former chief financial officer of Oracle Corp. and Accenture asserted that his firm's woes are the result of employees entering wrong data because they were poorly trained on the company's new financial system (continued...)

-As per BearingPoint's website "BearingPoint provides strategic consulting, application services, technology solutions and managed services to Global 2000 companies and government organizations. We help customers achieve results by identifying mission critical issues and implementing innovative and customized solutions designed to generate revenue, reduce costs and access the right information at the right time".

And people pay BearingPoint to do what?


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