Monthly Archives: February 2022
Harvard Business Review: Why Becoming a Data-Driven Organization Is So Hard
“Right now, the biggest challenge for organizations working on their data strategy might not have to do with technology at all. In the latest NewVantage Partners annual survey, which tracks the progress of corporate data initiatives, corporate chief data, information, and analytics executives reported that cultural change is the most critical business imperative.” Read More at […]
CFO Journal: Take Five: Steps to Building a Strategically Adaptive Enterprise
“Companies characterized by nimbleness, scalability, optionality, and stability can respond opportunistically to environmental shifts and navigate periods of disruption and crisis better than their competitors. Enterprises with a high capacity for change more consistently achieve superior financial performance and valuations compared with others in their industry. Superior capabilities for change enable exponential enterprises to adapt […]
CFO Dive: Supply Chains Top CFO Business Risk Concerns
“To keep costs down and meet those high customer expectations, CFOs call accurate demand and inventory management their most important supply chain priority. The goal is to leverage technology to replace the just-in-time inventory approach that has been causing bottlenecks this past year with something similarly cost-effective but more resilient.” Read More at CFO Dive […]
CFO Journal: Got Data? Now Create the Right Operating Model
“Companies embracing an ED&A operating model have the opportunity to unite the enterprise around data and make everyone aware of and accountable for its strategic value. By eliminating data silos and introducing data governance, they give the enterprise transparency and access to high-quality and expanded datasets that enable use cases previously considered out of reach. […]
CFO Dive: 4 CFO Scenarios – and Fixes – for Inflation
““Part of taking the scenario-based view is making sure that leaders — CFOs and other leaders — are prepared no matter what future comes to pass,” according to Andrew Blau, a managing director at Deloitte. “We stress the importance of being prepared for all the scenarios.”” Read More at CFO Dive >
CFO Magazine: Data Centralization Provides Operational Insights
“Traditionally, management viewed data centralization platforms like data warehouses as cost centers under the chief technology officer’s purview. However, as businesses and sponsors face ongoing pressures to maximize return on their investments, strategies like data warehousing became increasingly part of a strategy to generate profits.” Read More at CFO Magazine >
FP&A Trends: Continuous Planning To Dynamic Business Environment
“Continuous Planning replaces the traditional static and calendar-driven process. It is a dynamic and open-ended planning approach that responds to internal and external events as they occur. In addition, the use of technology facilitates planning agility and flexibility through real-time analytics and automation. To be successful in continuous planning, a dynamic mindset is necessary. Compared to traditional planning, where the goal […]
CFO Journal: 2025 Finance Predictions: The Pandemic Effect
“Some of our fundamental assumptions were on target. Underlying many of the original predictions was an awareness that the role of finance—and how it would add value to the business—would shift dramatically by 2025. As automation absorbed a growing number of operational tasks, the function’s increasingly business-savvy professionals would proactively provide analysis for decision-making, collaborating […]
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 […]