Monthly Archives: October 2021
CFO Journal: How CMOs and CFOs Can Collaborate on Pricing
“Pricing is critical—it touches everything in the organization. Companies should have a coordinating function that forces a dialog between CMOs and CFOs, and they should have the data, insights, and tools to support it.” Read More at The Wall Street Journal >
CFO Journal: Tap Indirect Procurement as a Source of Savings
“Before they can make strategic decisions about indirect purchases—such as standardizing all cost-related policies—CFOs need to arrange the fragmented pieces into a full picture. Working with the chief procurement officer (CPO), they need to assemble and consolidate data from the many internal, non-procurement functions that have been making their own deals.” Read More at The […]
FP&A Trends: The Winning Formula of Integrated FP&A
According to FP&A Trends, these 4 areas need to be strong in the foundation of Integrated FP&A in order to be winning: Data Technology Culture Talent Read More at FP&A Trends >
CFO Journal: Modernized Reporting for a Rapidly Changing World
“Connected, integrated reporting can provide many benefits to organizations by helping produce consistent, high-quality data through a streamlined process to enable improved business decisions. This reporting model can shift an organization’s focus away from collecting and reconciling data toward exceptions or anomalies that warrant scrutiny.” Read More at The Wall Street Journal >
Global Finance Magazine: Inflation: Here to Stay?
“Geale says his firm is advising CFO clients to factor higher prices into their strategic planning and to wring savings out of their supply chains by streamlining product specifications and reducing waste. He also recommends what he calls a “new-market focus”–seeking out new sources of supply with whom it is possible to have greater negotiating […]
SF Magazine: The CFO Playbook
“Many CFOs are hesitant to shift business models because of the negative impact on short-term revenue. To calm this fear, finance teams should use scenario modeling and financial planning tools to analyze the potential cost of the immediate shift vs. the revenue potential over time. By modeling different scenarios, offerings, and market conditions, company leadership […]
CFO Magazine: Labor Shortage and Supply Disruptions Weighed on CFOs in Q3
“Most chief financial officers also reported that their firms were experiencing supply chain disruptions that they expect to last into 2022 or later. Fewer than 10% of those surveyed said they anticipated the troubles to be resolved by the end of the year.” Read More at CFO Magazine >
CFO Journal: Look Beyond Direct Suppliers to Procure New Savings
“Despite the ongoing quest many CFOs have undertaken to turn the procurement function from a cost center into a source of value, optimizing indirect spend all too often is lower on the priority list. But CFOs and CPOs can collaborate to gain control over such spending —and now is a propitious time to do it.” […]
CFO Journal: Supply Chain Snarls Throw a Double Punch to Costs and Sales
“Among surveyed CFOs, 44% report that supply chain shortages or delays increased their companies’ costs by 5% or more. Nearly one-third (32%) note that their 2021 sales have fallen due to delays or shortages, with 28% expecting future sales this year to suffer. More than two-thirds of respondents (69%) indicate that their supply chains would […]