Monthly Archives: October 2019
How CFOs Have Evolved to Support Innovation
CFOs and finance teams play an increasing role in enterprise innovation, and the ones with a solid foundation of enterprise technologies are already ahead of the competition. Most companies view innovation as essential to survival. But without the right leadership and direction from finance, enterprise innovation plans inevitably fall flat or divert precious resources away […]
The Hard Truth About Traditional Data Management
Customers don’t care about your infrastructure or data problems. They just want your organization to know who they are, what they ordered and how to fix their problems. At the same time, businesses want technology to help build great customer experiences while driving to a lower cost structure and making the products they build better […]
The 3 Most Common Profit-Killing Mistakes to Avoid
According to Gartner, just three types of financial decision-making mistakes can cost businesses around 3% of their net profit. Operational decisions are increasing in speed, volume and complexity — creating a challenge for finance, whose job it is to make sure those decisions are financially sound. Many finance teams have invested in different tools and […]
What Makes A True Data Analytics-Driven Organization?
Advanced analytics enable businesses to gain insight from data and to better perform in fiercely competitive markets. Most companies today see advanced analytics as the key to drive down costs, improve decision making, and increase customer value. But the challenges of a data analytics implementation can hinder these plans. A business looking to develop advanced […]
Data Is the Foundation for Any Successful Business Transformation
“Business transformation has emerged as one of the most critical endeavors in today’s enterprise. When done properly, it can ensure the livelihood of a business for the foreseeable future. Done wrong, business transformation can leave an enterprise in even worse shape than before, facing the prospect of having to spend big to fix it.” Most […]
Creating A Sustainable Business Model for The Future
Dynamics within a business are constantly changing – from their customers and business models to their cost drivers and profit margins – nothing ever stays the same. In order for a business to grow and continue to be profitable, new processes must be able to take root. The challenge for many business leaders understanding their […]
How Businesses Are Setting Themselves Up for Success with Integrated Business Planning
Many businesses are updating their legacy planning systems to integrated business planning applications that translate the organization’s strategic objectives into operational terms that provide actionable guidance across the enterprise. Business capabilities are the link connecting strategy and business model to enterprise architecture and the underlying technology that executes the strategy. Understanding this link enables companies […]
What Sets Modern Finance Teams Apart from The Competition?
What sets modern finance teams apart from their competition? The short answer: their cost management methodology. “Using cost management as a strategic lever, as opposed to a defensive response, creates new opportunities. It is no longer a reactive tool. It is a proactive way to become more competitive in the global environment.” Modern finance leaders […]
Smart Automation: The Framework for Dynamic Digital Operations
The Hackett Group defines smart automation as “the optimization of structured work, knowledge work, and interaction work through the adoption of emerging robotic process automation (RPA), smart data capture, conversational interfaces, cognitive automation, and agile orchestration technologies.” For finance, this means applying new technologies to improve effectiveness, efficiency, and user/customer experience, while providing operational insights. Because […]