Monthly Archives: June 2022
Harvard Business Review: Build Better Management Systems to Put Your Data to Work
“Most companies continue to struggle in managing their data and putting it to work. They expend a lot of time and energy, but don’t get much for their efforts. Quality is low, people don’t trust the data, technical debt is out-of-control, and they miss opportunities to become data-driven, take advantage of advanced analytics and AI, […]
CFO Dive: 3 Ways CFOs Can Help Tackle Supply Chain Disruptions
“CFOs can use scenario planning to help identify, evaluate and compare the alternatives from a comprehensive financial, operational and tax perspective when facing complex decisions.” Read More Here >
FP&A Trends: Tips and Hints On Implementing Driver-Based Models
“The first step in building a driver-based model is the decomposition of the business model. The easiest way would be to start with Income Statement (revenues and costs); however, we should not forget about the Balance Sheet and Cash Flow effects.” Read More at FP&A Trends >
CFO Dive: Practical Tips for Forging a Stronger CFO-COO Partnership
“COOs are learning to recognize the value of the CFO perspective as beyond that of a mere “numbers cruncher.” Empowered CFOs are emerging from their cost-center cocoons for more than quarterly earnings calls. They are morphing from gatekeepers focused on margins and discounts, to respected voices weighing in on enabling and achieving business outcomes.” Read […]
CFO Dive: Technology Literacy is Key for Candidates Aspiring to the CFO Seat
“The study of 500 current CFOs as well as CFO aspirants…found a growing desire among respondents to unlock their organization’s data for greater exploratory views and analysis. Both current and aspiring CFOs cited beliefs that greater access and usage of such data could help to drive forward innovation for their organizations.” Read More at CFO […]
CFO Journal: How CFOs Can Drive More Value Through IT
“In the not-so-distant past, finance leaders typically played a limited role in IT, periodically huddling with CIOs to scrutinize the figures in proposed initiatives or budgets. The discussion has now expanded into an ongoing conversation about how best to leverage tech spending to support the company’s strategic goals. That changing dynamic mirrors the critical role […]
CFO Magazine: A 10-Step Playbook for New PE-Backed CFOs
“In addition, 91% of sponsors said their PE-backed CFOs weren’t meeting their “manage the business” expectations. Managing the business is defined as turning clean data into analysis and then into insights to make informed business decisions. It’s a tough task, no doubt, but it’s still very much foundational to the CFO role.” Read More at […]
CFO Journal: 7 Principles of Dynamic Finance
“Leverage modern, compatible, and continuously updating platforms that can transform and scale with the business. Take advantage of platforms that regularly evolve to bring new capabilities to finance.” Read More at The Wall Street Journal >
CFO Dive: FP&A in Spreadsheets: When ‘that’s how it’s always been done’ Doesn’t Cut It Anymore
“But spreadsheets on their own are indeed broken – or at the very least, they add to the likelihood that something will eventually break. Try as we might to ignore their shortcomings, without fail we’re confronted with the limitations of spreadsheets on a regular basis. And at a certain point, the burden of managing and […]