The Ledger
Curated content foranalytical business leaders
Tag Archives: Analytics
SF Magazine: CFO to CFO: Staying the Strategic Course in Crisis
September 8, 2022
“Data analytics is critical to understanding the business at any point in time and very helpful in terms of being able to develop your pandemic response, stay ahead of trends, understand what your short-term forecast should be, and develop the longer-term forecasts.”
Forbes: Hatching Innovation In Sustainability And Tech: A Q&A With Rembrandt’s CFO
April 8, 2022
“Information technology and finance/accounting are very complementary. One often hears that a finance/accounting department is only as good as the data provided. The same is true for good IT departments. IT provides systems and tools for both data collection and data consumption. Accounting is the number one consumer of IT data. It is very important for the IT team to provide means to collect and maintain data used to inform the business profitability.”
CFO Journal: Finance at the Center of Data and Analysis at Coca-Cola
March 4, 2022
“The power of having datasets and data systems that can integrate with each other and connect with others across the enterprise is enormous. That is a big part of what we are doing now. Finance has a critical role to play—to set the tone, to inject the focus and the discipline, and to make sure that we stay the course, working closely with our functional and operational counterparts.”
FP&A Trends: My Top Five Predictive Planning Lessons
March 4, 2022
“Ask people what predictive analytics is about – they might mention a crystal ball or sci-fi novels. In practice predictive analytics has nothing to do with black magic or rocket science. It is a proven and robust technology, based on math, that can bring concrete benefits to finance organisations, when rightly used.”
CFO Journal: Got Data? Now Create the Right Operating Model
February 18, 2022
“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. Data and analytics become available as a service through modular platforms grounded in a common data architecture. Instead of just hindsight, data starts delivering foresight.”
CFO Journal: How to Act in the Face of Uncertainty
January 20, 2022
“Until recently, business leaders could assume that the immediate future would bear enough resemblance to the recent past that they could construct sturdy forecasts out of the data, assumptions, and real-world experience they’d been accumulating. Relying on continuity from past events, however, has always been a specious practice, especially in fast-moving industries, and can be existentially dangerous today.”
SF Magazine: Change Management in Disguise
January 10, 2022
“The success of an analytics transformation depends on the success not only of the technical solution, but also the change management. In other words, organizations need to both drive the business and understand how to go from hindsight to foresight.”
Accounting Today: 3 Steps to Improving Your Accounting Data Analytics Results
December 20, 2021
“Descriptive and diagnostic analytics ranging from inventory availability to variance analysis have been performed since Luca Pacioli created double-entry accounting. Long before user-friendly dashboards existed, we used Excel spreadsheets and charts. And before Excel? We did it by hand.
Thankfully modern accountants can leverage advanced technologies to perform analysis at scale and speed, dramatically increasing the amount of accounting and non-accounting data available to shape our analysis.”
