Monthly Archives: October 2019
Cost Management Isn’t Only About Costs
“Not long ago, companies thought cost management was about reducing expenses. The notion then evolved and was viewed as a way to manage costs while also driving growth. Now, cost management is advancing further. Business leaders see it as a strategic initiative that is part of a larger transformation process.” Modern businesses’ focus on cost […]
Digital Technologies Are Re-Imagining Financial Reporting Capabilities
Many finance leaders see their reporting practices as a monotonous task that requires many charts and spreadsheets that show several different versions of how the business is performing. A Deloitte survey reported that the majority of finance leaders spend almost half of their time creating and updating reports, and only 18% communicating results to the […]
Four Reasons to Adopt Modern Business Planning ASAP
Finance is maturing from a traditionally siloed department of number-crunchers to a strategic and respected adviser to the business. To get there, however, finance needs to leave their manual processes and spreadsheets behind and put modern technology to strategic use. According to recent Adaptive Insights research, 77% of CFOs report that they’ve delayed major business […]
How Agile Technology Drives Supply Chain Innovation
Change and uncertainty are inevitable in manufacturing. While effective production planning can support manufacturing processes, there will always be uncontrollable factors that are difficult to manage. Manufacturers are dealing with an increased pressure to meet customer demands quicker and more cost-effectively. Visibility of where manufacturers are within the production process is a key driver and […]
Cost Management: The Key to Sustainable Profitability
“Companies that achieve “efficient growth” focus on building scale, not scope, into their cost structures.” Controlling costs is not a new priority for modern CFOs, but today’s competitive pressures have finance leaders determined to translate their long-term growth plans to sustainable profitability. Finance leaders today distinguish themselves by the cost management practices they implement in […]
Three Ways CFOs Can Be a Catalyst For Change
Largely driven by advancements in technology, today’s corporate finance leaders are expected to work more collaboratively with functional areas in their companies and are well-positioned to positively support enterprise-wide performance and strategy. In order to influence business outcomes, CFOs need to be a catalyst for change by playing a much bigger role in shaping corporate […]