Monthly Archives: April 2017
How Can You Become A Better CFO?
CFOs across the board are being challenged to stretch beyond their traditional finance roles to more strategic decision makers for their organization. These changes come from the advancements in technology, an increasingly mobile workforce and prioritizing a work/life balance in their company culture. Start-up CFOs naturally wear many hats and work across several areas to […]
Activity-Based Costing for Value-Focused Healthcare
“Activity-based costing is an imperative for health systems seeking to ensure the profitability of their enterprises under value-focused hearth care.” In today’s healthcare landscape, providers face mounting pressure from both government and commercial health entities to deliver high-value care. While it’s important to remember that healthcare is still a business with a revenue focus, the […]
New Pressure for the Next Generation CFO
As margins from traditional business models are eroding, new engines for profitability have emerged. Airbnb is a great example of this. If you don’t know what Airbnb is, it is an online marketplace and hospitality service that allows people to lease or rent short-term lodging all around the world. The best part- they own no […]
Predictive Analytics- Where Insight Meets Action
Finance professionals are constantly looking for ways to track performance and interpret results that ultimately provides the insight needed to make better business decisions. Since it is impossible to see into the future, organizations must try to predict the probability future events using historical data trends and assumptions of future market conditions. Using advanced analytics can pin-point hidden […]
It’s Time to Take Analytics Seriously
Analytics have become an afterthought in many organizations because it is used for tracking the effectiveness of business processes or for data visualization. It is time for finance professionals to realize that in the era of digital transformation, analytics needs to be their priority. According to Gartner, CIOs are responsible for building what they call […]