Monthly Archives: February 2020
The 12 Key Principles of Financial Planning and Analysis
The Institute of Management Accountants has developed a list of 12 key principles of FP&A based on learnings from a recent survey of 700 organizations that identified the best-run companies — those that both consistently meet or exceed targets they set for themselves, and consistently meet or exceed their competitors’ results. Principles include developing a […]
The Relationship Between Accounting and FP&A
Many people in the finance and accounting industries would agree that accountants know finance, but not all finance personnel understand accounting. Granted, both functions have different skill sets and responsibilities. It may be an oversimplification, but accounting departments are focused on what has happened, whereas FP&A uses the information provided by the accounting department to […]
When You Have Too Much Tech
Surveys show CFOs generally see the need to incorporate technology to help them improve their finance and accounting functions. But knowing which technology is right for their operations and which isn’t — and also when the time is right — is the “opportunity and the curse,” says Bryan Lapidus, FP&A, director of the FP&A practice […]
2020 CFO Priorities Includes Integrated Insights
A recent survey from CFO Magazine and Duke University Fuqua School of Business identifies four priorities for CFOs with “Move from Disconnected Spreadsheets to Integrated Insights” topping the list. Finance teams need tools to understand the interdependencies of the decisions made without spending 2.24 hours per day on average sifting through spreadsheets. Read more at […]
[WEBINAR] Creating a Cost-Focused Culture
Manufacturers all have one thing in common – the need for an effective product costing process that delivers accurate and actionable results. Best-in-class finance teams are catapulting costing and cost transparency to the front of the list of strategic initiatives to transform their leaders’ ability to make decisions. If you’re struggling with the lack of […]
[WEBINAR] Product Costing Techniques for Modern Finance Organizations
Manufacturers all have one thing in common – the need for an effective product costing process that delivers accurate and actionable results. Best-in-class finance teams are catapulting costing and cost transparency to the front of the list of strategic initiatives to transform their leaders’ ability to make decisions. If you’re struggling with the lack […]
The Future of Finance is Digital
A recent McKinsey study found that more that 40% of a typical CFOs time is spent on activities that “fall firmly outside the traditional role of accounting, controlling, and budgeting. CFOs are dedicating more time to strategic leadership, organizational transformation, and performance management.” Read Driving Digital Finance >