Monthly Archives: January 2021
CFO Dive: 5 CFO trends to watch in 2021
Real-time data makes the list, again, in trends for CFOs to pay attention to this year. Here are all five trends from Jim Tyson: 1. Increased pressure to adopt ESG metrics 2. The countdown to LIBOR’s end will grow louder 3. Targeted, AI-assisted zero-based budgeting will outlast the pandemic 4. CFOs will try to expand […]
Forbes: From Bookkeeper To Business Leader: How Finance Pros Shape Strategy And Culture
“The finance profession has evolved from a singular focus on financial reporting to a strategic role in helping advance core business goals and reacting to seismic challenges. The Covid-19 crisis has illustrated and arguably accelerated this trend, especially as it concerns risk mitigation, supply chain management and radically re-orienting corporate strategy amidst one of the […]
CFO Magazine: A New Year’s Resolution: The CFO Should Own Digital Transformation
Sanjay Purohit gives 5 reasons why the CFO’s role in digital transformation (DX) is paramount: 1. Successful DX is data-fueled. 2. DX increases risk. 3. Digitalization demands centralization. 4. Transformation has a timeline. 5. The road to process transformation runs through finance. Read More at CFO Magazine >
CFO Dive: Large gulf between CFOs and reality on real-time capabilities, survey finds
“Almost 45% of CFOs say they plan to have nearly all of their finance processes and operations in real-time over the next three years; 34% say their goal is to do real-time scenario planning, and 24% say the ability to provide real-time insights is the highest priority of their finance function. “By embracing change and […]
SF Magazine: Strategies for Global Operations
“A well-designed, functional, and comprehensive budgeting system is an essential management tool for a multinational business. As we discussed, these companies must forecast the impact of global external variables (like foreign exchange and interest rates) as well as internal variables (transfer prices, supply-sourcing subsidiaries, production sites, etc.). All in all, the budgeting system should be […]
SF Magazine: Looking Toward 2021
“The pandemic has tested the mettle of most CFOs, regardless of what industry they work in, and it has permanently changed their roles. As Judy Munro explains, COVID has underscored the need for FP&A talent in the finance department, spearheaded by access to data. “The CFOs are embracing technology in a big way to gain […]
CFO Magazine: Producing Management Reports Faster: Metric of the Month
“When managers get timely and accurate period-end reports, they have more time to make better decisions during the next period and to make any needed adjustments. An efficient and accurate process also means fewer work spikes at the end of the period and more time for activities that help drive the business forward. More broadly, […]
Forbes: Speeding Towards Transformation: 2021 Trends In Finance And Accounting
Jeff Thomson’s “top 6 mega-trend predictions for 2021 in finance and accounting”: Automation will no longer be debated Remote working will become the norm for finance teams Environment, Social and Governance (ESG) reporting will become more important Enterprise Risk Management (ERM) becomes a finance accountability Diversity, Equity and Inclusion (DE&I) will be a competitive differentiator, […]
CFO Dive: Careful pruning, not blanket cuts, aids post-pandemic growth
“”During financial uncertainty, many business owners react on their gut,” Stephen King, president and CEO of GrowthForce, an outsourced bookkeeping, accounting and controller services, said. “This is the worst thing you can do, as it can lead to detrimental decisions you can’t pull yourself out of.” Before making cost-cutting decisions, get the data you need […]