FAonDemand News Letter August 2008

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September 2008

Volume 9

Customer Quote

"FAonDemand has been a great accounting service partner for us. For a growing venture funded company like ours, they provide the necessary diligence and promptness with accounting entries, receivables and payables and monthly reports. They allow us to scale our company without the need for bringing on a dedicated controller and/or accounting department."
Jennifer Chapin
VP Marketing/Founder

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Popular Quote doing rounds post Lehman brothers, AIG, Merrill Lynch fiasco.

"There are two sides to a Balance Sheet.- Left & the Right (Liabilities
and Assets respectively); on the Left side there is nothing right.. and
on the Right side there is nothing left."

Fun Facts

Human jaw muscles can generate a force of 200 pounds (90.8 kilograms) on the molars..

Successful show at Oracle Open World 2008

FAonDemand along with our partner Adaptive Planning successfully participated at the Oracle Open World 2008 conference, held at Moscone Center in San Francisco. Estimated 43,000 people participated in the show. We want to thank all those who stopped by our booth. The winner of the IPOD touch give away is Gurbinder Suri of St. Jude Children's Hospital. Congratulations Gurbinder.

CFOs React: First Capital's Mark Hogard

From his unique perch as the CFO of First Capital, a factoring company that borrows from commercial banks in order to provide asset-backed loans to manufacturers and distributors, Mark Hogard sees the current financial crisis in a way that other folks might not. "I don't think people in mainstream America are actually seeing how severe of an issue this is if they don't have an account at Lehman or Washington Mutual. They haven't been feeling the effects yet," he says. "They will.">>

Jack Welch Sees a ‘Bathtub’ U-Shaped Recession

“We’re in a recession and I don’t see a V-shaped recovery--more like a bathtub U-shaped recovery which will last deep into the second half of 2009 before we start to come out of it,” said former GE CEO Jack Welch speaking at the World Business Forum in New York City.>>

Customer Highlight - Fluid Entertainment

Based in Mill Valley, California, Fluid Entertainment is an independent children's interactive entertainment developer founded in 1998 by industry veteran Scott Mathews. With experience creating high profile licensed interactive products based on properties including Harry Potter™, Disney, the Powerpuff Girls, Pokémon and many others, Fluid Entertainment is currently developing an original MMO title for children.>>

About FAonDemand

FAonDemand® provides integrated Business Process (BP) and Information Technology (IT) services in areas of Finance & Accounting, OnDemand Applications such as Oracle, Salesforce.com, Sugar CRM, NetSuite, Intacct, UBmatrix, Business Objects (Crystal Reports, Business Intelligence On Demand), and Adaptive Planning. With industry best practices and blended service delivery (onsite/onshore/offshore), FAonDemand has delivered significant (30-50%) and sustainable savings to its customers.