Monthly Archives: July 2018
AI is Gaining Meaningful Traction in 2018
According to the 2018 NewVantage Partners’ annual executive survey found that this is the year that artificial intelligence gains meaningful traction within Fortune 1000 corporations. The main finding of the survey is that an overwhelming 97.2% of executives report that their companies are investing in building or launching big data and AI initiatives. Among surveyed […]
Enhance Your Budgeting with Four Steps
Budgeting can be a monotonous task, but it is necessary for business success. There are four steps that can enhance your budgeting process: Tie your budget to your strategic plan, tie it to the rolling forecast, minimize the iterations, and recognize the “80/20.” By tying in the budget with the strategic plan and rolling forecast, […]
Does Your Company Need a Data Translator?
“Translating analytics into a language that decision makers understand is not as simple as it sounds. Among other things, the person doing the translating — whether it’s a quant or a data translator serving as a liaison between the quant and an executive decision maker — needs to avoid what’s referred to as data hubris. […]
Advancing the Role of Finance Analytics with Meaningful Insights
Global businesses face increasingly complex and volatile markets, creating an urgency to search constantly for meaningful insights to gain advantage over the competition. But just having access to a lot of data does not create value. Finance analytics tools enable companies to handle the abundance of data available and intense competitive pressures that require quick […]
CFOs Must Focus on Data Integrity Before Analytics
After all of the changes that finance has gone through due to new technologies and digitization, it is no surprise that CFOs’ priorities are changing. The main objective they are focusing on this year is supporting the enterprise’s need for information and analytics by maintaining a competitive cost structure. Without a strong foundation of consistent […]
Product Market Competition Isn’t Just About Pricing Anymore
For the previous generation of finance leaders, business used to be pretty straightforward, which meant their job was much less complex – a company would make something and sell it. Today, very few companies are competing on price alone, and everybody wants to move up the value chain. Organizations must now be delivering service along […]
Recorded Webinar: The Journey from Product Costs to Cost-to-Serve [VIDEO]
Do you sell a product to a customer? Well, this session is for you! Learn how companies leverage data from ERP and other systems to connect costs from product costs to cost-to-serve and provide visibility into overall cost and profit performance. Watch the recorded webinar with 3C Software Solution Leader, Adrian Rochofski, covering: – Examples […]
Creating Sustainable Value Through Digitization
The pace of digital transformation is accelerating across all industries, creating technological disruption and a risk of being left behind. It’s crucial for business leaders to think through how to make the most of new technologies in the finance function and prepare for the foreseeable changes. Technology must ultimately be applied in a way that […]
Integration is Paving the Way for Dynamic Financial Planning
Traditional approaches to financial planning are no longer sufficiently flexible or sophisticated to enable rapid response to dynamic changes in the business environment. As a result, financial plans can end up disconnected from the day-to-day reality of the organization and ultimately, the financial planning process becomes an exercise in playing catch-up rather than a path […]