Monthly Archives: August 2019
Navigating the Cost Stages of Your Business
“Transformative companies know that having access to accurate cost information is more than just a novel exercise, but the insights can drive real competitive advantages.” In business and in life, every single decision comes at a cost. Fully understanding each cost associated with a choice is a critical activity for any company looking to compete […]
How Consumer Products Companies Can Thrive in Digital Transformation
Consumer products organizations are embracing robust technologies to enable their digital transformation goals and to gain greater operational efficiencies and competitive advantages. These tools integrate disparate systems to support a single environment for robust analytics that provide meaning business insights and can ultimately be the difference between success and failure. To be successful, growing consumer […]
Data-Driven Decision-Making is Fueling a Competitive Advantage
Many companies have adapted to a “data-driven” approach for operational decision-making. Data can improve decisions, but it requires the right platform to get the most from it. The rapid adoption of intelligent technologies in today’s marketplace has completely turned decision-making practices on their heads. Traditionally, businesses depend on everyone’s opinion before making big decisions. However, […]
Drive Business Strategy with Cost Optimization
According to Gartner’s 2018 IT Budget Benchmark for Midsize Enterprises, IT spend represents 3.5% of total business revenue. “Rather than solely focusing on optimizing those costs, progressive CIOs rethink how technology investments can influence the other 96.5% of spending. CIOs that approach conversations about cost optimization from a strategic investment perspective are better equipped to […]
What Makes a Strategic CFO?
Strategic CFOs harness the power of technology to understand the “why” behind their numbers and use that information to solve complex business challenges faster. They possess the skills to manage rapidly changing technological processes, and they keep up with the ever-changing business landscape of their competitors. As innovations like AI and predictive analytics become more […]
Intelligent Technologies Are Revolutionizing Finance In Midsize Businesses
Midsize businesses across virtually every industry are actively adopting new technologies to drive better insights that support business strategy. However, recent IDC research suggests that only 50.2% of best-run midsize companies are supported by finance organizations that understand the power of data when ensuring timeliness, accuracy, and insight. Additionally, the research found that the biggest challenge for best-run […]
Creating Business Advantages from Variances
Variance analysis is a crucial for business leaders to gain insights into performance while improving future planning efforts. The key to identifying variances is having access to an end-to-end view of business processes in real-time. An organization is rarely successful when they lack the proper tools to evaluate how the business is performing and the […]
[INFOGRAPHIC] Anchors and Ladders of Cost Management
For modern businesses, the ability to accurately calculate and analyze their costs is essential to drive profits. According to Gartner, almost 90% of businesses suffer from poor cost visibility, and the same amount struggle to truly understand their costs and what drives them. These challenges stem from the cost management practices finance leaders implement in […]
Increasing Profits with Mid-Year Adjustments
Mid-year adjustments to business plans help many companies improve their tactics while staying on track with long-term initiatives. While many businesses only have impromptu approaches to adjusting business plans, a more structured approach provides flexibility and focuses concentration on the right levers of profitability. Checking in on mid-year financials allows executives and decision makers to […]