Monthly Archives: August 2021
CFO Journal: Putting Finance at the Heart of Business Strategy at Workday
“The pandemic experience reinforced for me how important it is to be able to make fast decisions and how much we need new and different data than we’ve used in the past. And, more than ever, CEOs and boards are looking to the CFO to not only drive digital transformation strategies but also to provide […]
Accounting Today: Robust Financial Reporting Provides the Key to Business Performance
“Give older ERP systems a health check. Maybe they did an adequate job a decade or two ago, but aged, cobbled-together ERP systems significantly hold companies back, particularly when they don’t integrate with other solutions such as the best payroll services. If yours is manual, cumbersome, and lacks the flexibility of more modern ERPs, consider […]
CFO Dive: Driver-Based Budgeting Touted for Integrating Financial and Operational Planning
“Driver-based budgeting links real resources and activities to your budget, and most FP&A organizations are striving to achieve that. From my perspective, it really acknowledges that the budget is the articulation of a series of operational items or activities. It’s different from traditional budgeting in that it shifts the focus to outcomes, and that’s ultimately […]
CFO Dive: Transformation Starts with Fixing One Big Tech Problem, Former Oracle CFO Says
“Where much of the value-add comes from today from a technology standpoint is in the specialized applications that surround the ERP, and that’s where finding out where the pain points are, or bringing in a business systems team, can make a difference in how well the CFO tech stack is adding value to the broader […]
CFO Dive: Making FP&A Analysts the CFO’s Braintrust
“The goal is to identify levers in each function area that drives that part of the organization’s overall success, put a dollar amount to the levers so leadership can know how much spend will result in how much improved performance, and then course-correct as the metrics rise or fall.” Read More at CFO Dive >
Industry Week: Visibility Is Everything in the New Automotive Supply Chain
“Traditionally, it has been very difficult to create a line of sight through an entire automotive supply chain for a variety of reasons, including a lack of trust and communication between stakeholders, reliance on poor volume forecasts and outmoded data management systems. The result is an unknown number of potentially disastrous threat vectors that remain […]
CFO Journal: CFOs Hold Varied Roles in Leading, Guiding Transformations
“As sponsors of company transformations, CFOs were most likely to play this role with respect to technology/systems upgrades (56%), strategy/model/offering shifts (48%), and process efficiency/redesign (20%).” Read More at The Wall Street Journal >
CFO Dive: 5 CFO Tips for Rebuilding FP&A from Pandemic Ruin
““COVID-19 changed the future direction for most companies and so FP&A — and especially forecasting the future — became much more important””. Read More at CFO Dive >
CFO Journal: Reboot, Reposition Controllership to Boost Value
““Scenario-based reporting that focuses on critical metrics and value drivers in real time is an important part of how we monitor and manage the business”…As controllership functions assume elevated roles in data analytics and forecasting to increase strategic value to organizations, the roles and responsibilities for finance and accounting are beginning to blend and overlap […]