The Ledger
Curated content foranalytical business leaders
Tag Archives: CFO
CFO Journal: CFOs Target FP&A, Analytics for Improvement
April 26, 2021
“Among core finance functions, 63% of CFOs cited FP&A as the one they would most like to improve. Perhaps because of the increased demand on FP&A teams during the pandemic—from providing robust scenario modeling to monitoring and maximizing key priorities such as cash flow and liquidity—CFOs may have gained a clearer vision of how they’d like to reinvent FP&A.”
CFO Magazine: Can Excel Survive?
April 20, 2021
“But old dogs can’t always learn new tricks. While Excel has shown remarkable staying power, some experts believe it may now be challenged beyond its reach. Companies big and small increasingly need to automatically pull their financial data from multiple cloud-based systems and utilize more advanced data analytics. Excel may be a roadblock to that…While Excel is often used as a collection point for data from other systems, it is still a “manual and largely siloed vehicle”…Excel’s limited ability to handle massive data sets “can lead to long processing times and more steps than other database tools.””
CFO Journal: For Controllers, a New Agenda: Delivering More Value
April 16, 2021
“Controllers, as independent observers, are in an ideal position to bring more structure and discipline to decision-making processes, ensuring value is realized from capital allocation. They can review the efficacy of past business decisions that relied on assumptions that may no longer be valid and help develop a disciplined, yet agile, process for adjusting future capital allocations. Ensuring there is an evaluation and feedback loop for decisions in the event conditions or facts have changed, as well as a process for course-correcting, falls squarely in the controller’s domain. In fact, this responsibility is one the controllership should own as an unbiased, independent arbitrator of the decision-making process in the organization.”
CFO Journal: What Are Your Supply Chain’s Weakest Links?
March 29, 2021
Duties that CFOs are having to take responsibility for in relation to their company’s supply chain have been on the rise after a year of an unpredictable supply chain. Here are some things that will take precedent so that CFOs can keep up and prepare to identify critical bottlenecks and prepare for long-term disruptions:
- Supporting the supply chain function
- Improving supplier data collection
- Upgrading metrics
- Creating a playbook
CFO Magazine: 10 Vital Roles for CFOs
March 4, 2021
“The differentiators that make for an effective CFO take place in a far wider arena: for example, the ability to provide strategic business advice, communicate effectively in new ways and to more audiences, and deploy the latest technologies for maximum efficiency and minimal risk.”
CFO Magazine: CFOs: The Architects of Enterprise Transformation
March 2, 2021
This article from CFO magazine states three hats CFOs must wear to truly be transformative:
- Systemic Strategist
- Change Champion
- Tactical Technician
CFO Journal: Tech-Enabled Business Strategy: Engineered for Agility
March 1, 2021
“While accelerating technology is a strategic complicator, executives can deploy it to simplify and accelerate smart strategy development and execution. Leading organizations are engineering their strategic function to be more agile, scalable, and stable, giving them an array of options in their back pocket for whatever the future holds.”
CFO Magazine: CFOs Want FP&A to Marshal Value Creation
February 18, 2021
“FP&A should spend less time explaining the numbers, they say, and more time working with the business to manage them. As one finance executive told us, “I need an operating thought partner and not someone that is just keeping score.””
