Monthly Archives: September 2017
FP&A Takes Its Place At The Strategy Table
CFOs working to transform their finance departments are focused on opportunities to add more value through the FP&A function. Deloitte discusses the “Three C’s” framework – capacity, capability, and collaboration – as a way to “support everything from operational decision-making to organizational strategy.” By focusing on predicting performance and impact, gathering the right talent, and establishing and […]
ImpactECS In-Depth: Cell Actions
ImpactECS Cell Actions allow model builders to perform custom business logic when users click or edit cells in ImpactECS items. This simple design opens the door for a new breed of interactive tools to enhance the user experience. This blog provides an overview of the Cell Action functionality and gives a few examples of cell […]
The Rise of E-Commerce is Transforming Traditional Retail
Retail giant, Toys “R” Us recently filed for bankruptcy, but they are not the first, and definitely won’t be the last brick-and-mortar business to close its doors. The news is part of a larger trend of closings that some are calling the “retail apocalypse”. The rise of e-commerce, combined with a shift in consumer preference toward […]
Are You Prepared For a Labor Shortage?
The manufacturing industry projects a massive decrease in labor by 2030 due to the lack of upcoming engineers. This labor shortage can have serious consequences on the manufacturing industry as a whole. This could lead to wage inflation and an unhealthy war for talent, which could in turn adversely affect the overall productivity and profitability […]
New Metrics for CFOs
A CFO’s primary role is in finance, but in the current business environment, effective CFOs fill many other roles as well: contending with regulatory change, keeping an eye on dynamic trade patterns, staying up-to-date in the industry, adopting new technology and data modelling techniques, communicating enterprise-wide, and providing strategic direction for the business as a […]
Digital Strength Leads to a Strong Business
Today, almost every business is focusing on how to drive profitability through digital. Whether digital is being used for improving omni-channel commerce or developing digital extensions to product lines, it is an important tool to stay competitive. Many business leaders are finding that traditional metrics underestimate the impact of digital, leaving their organization vulnerable to […]
Transform Your Supply Chain With 5 Steps
How do you transform a supply chain finance program from a supplier early-payment initiative into a powerful working capital solution? The answer is an analysis-driven approach that can be broken down into five steps: Benchmark supplier terms and identify optimization opportunities, prioritize suppliers for program on-boarding, customize your message based on your supplier targets, arm your […]
The Ideal Destination for CFOs & How to Get There
Having the ability to make genuine data-driven decisions that drive enterprise-wide innovation is a destination that all CFOs long for. The journey to achieve this ideal situation is difficult, but worth it. A finance leader who can accurately report on the financial position of their organization with great detail and insight on a timely basis […]
How Banks Can Turn Data into Insight
“Without metadata, Big Data is unmanageable.” Collecting data is easy, but deriving insights from the data can be a challenge. Banks and other financial institutions have huge volumes of various types of data and the only way to make sense of it all is with metadata. With customer-transaction data, consumer-location data and all the data around […]