The Ledger

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Tag Archives: CFO

CFO Magazine: 4 CFO Strategies for Success in Uncertain Times

“We can’t know for sure what this year will bring, but if the last few years have taught us anything, it’s the importance of remaining nimble. As the economy evolves and macro-events of epic proportions spin up around us, your ability to pivot quickly is what will separate you from others. Modern technology, a data-first strategy, bottom-up budgeting, and continuous planning with all stakeholders are important tools for success.”

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Forbes: The CFO As Change Manager: Mastering The 21st Century Finance Role

“All businesses are becoming digital businesses and CFOs need to stay on the cutting edge of technology. Two areas of personal interest to me are data analytics and process automation.”

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Gartner: Gartner Survey Identifies the Top 10 Priorities for CFOs in 2023

“The incorporation of new technology and data into finance processes has the potential to elevate the function into a real-time provider of strategic insights and data for a business.”

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CFO Magazine: The CFO’s Changing Role: 5 Data Points from the 2023 CFO Outlook Survey

Only 7% of respondents reported that the benefit of their CFO’s best skillset is scenario planning and forecasting.

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CFO Dive: CFO FP&A Close-up: Finance Function’s ‘Octopus’

“Those in charge of the behind the scenes work that goes into budgets and forecasts as well as the analysis of those results, need to have a futuristic, or forward thinking mindset.”

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CFO Journal: Manage Cost, Cash, Working Capital to Help Tame Uncertainty

“To reap the margin benefits that cost cutting can yield, the process should aim to provide greater visibility into cost structures across the business. With better insights into demand and spend, leaders can set their sights on improving organizational and operating models while taking out costs.”

Read More at The Wall Street Journal >

CFO Magazine: 64% of CFOs Predict Net Profit Growth in 2023

“More than half (58%) of CFOs surveyed chose cost optimization among their top three areas of concern for the first half of 2023.”

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CFO Magazine: 2023 Outlook: 4 Realms for Digital Acceleration

“CFOs must prioritize the accuracy of data. The ability to predict, forecast, and analyze the huge amounts of data accumulated by operations is absolutely critical to a company’s growth.”

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CFO Dive: CFOs Zero In On Digital Transformation

“”What they’re prioritizing is really maturing that FP&A function, getting FP&A-specific tools to platform their planning and budgeting.””

Read More at CFO Dive >