Monthly Archives: July 2021
Forbes: Accounting For The Future: Why CFOs Need Predictive Powers
“While hindsight and oversight were the activities we felt most comfortable performing, today our roles have shifted to include the additional “lines of sight” of insight and foresight. Some have gone as far as referring to the “CFO” as “Chief Futures Officer.” In any case, as our world grows more complex and volatile, the CFO […]
SF Magazine: IMA Life: Connecting the Dots
“Throughout my career, I’ve learned that, as finance professionals, we must be partners and enablers to the business. Our ability to provide valuable analytical insight allows us to become catalysts for change, innovation, and growth within the organization.” Read More at SF Magazine >
CFO Dive: Data, Communications Pose Hidden Scaling Costs
“The central lesson from the exercise, Nucci said, is the hidden cost of misaligned analytics on a company’s ability to scale its operations efficiently. “I regret not taking the time to [centralize analytic operations] and have that single source of truth from a data perspective from the beginning””. Read More at CFO Dive >
Industry Week: Evolve Your Supply Chain Management to Be More Strategic
“Accuracy in forecasting can be as much of an art as a science in many industries. But it is hard to make strategic decisions if your forecasting is at 50 percent accuracy.” Read More at Industry Week >
Accounting Today: Now What? Bridge the Gap in Financial Planning and Analysis
“Transformation is no longer just “nice to have.” Business leaders must be able to rely on the validity, trustworthiness and relevance of the data used to analyze and report on end-to-end planning, budgeting and forecasting processes. The cost of continuing business as usual is duplication of the efforts, fragmented systems that take lots of people […]
CFO Dive: Making FP&A More Business Relevant
“..The goal is simple: to arm CFOs with more relevant and actionable analyses so they can be better partners to the other executives.” Read More at CFO Dive >
Accounting Today: Companies Still Revamping Financial Processes for COVID-19
““Many companies are grappling with rapid changes and in some instances may be trying to retrofit new technologies into complex legacy system environments””. Read More at Accounting Today >
CFO Dive: Data Is a Differentiator, But Much of it Is Wrong
“The good news is the growing recognition that fast access to real-time and accurate financial data is a strategic imperative. More than one-third of the executives (34%) are considering implementing or scaling automation solutions to increase the reliability and accuracy of their data, while 42% are becoming more focused on scenario planning and stress testing.” Read More […]
CFO Journal: Technology Budgets Shift to Reflect Pandemic-Era Priorities
“By exposing major supply chain weaknesses, including demand surges and drops, reduced productivity, raw material shortages, and storage and product handling issues, COVID-19 became a surprise catalyst for the adoption of resilient supply chain analysis and management solutions.” Read More at Wall Street Journal >