The Ledger
Curated content foranalytical business leaders
Tag Archives: CFO
CFOs are Best Positioned to Drive Digital Transformation
May 5, 2020
“Research from Accenture identifies that 77% of CFOs surveyed believe it is within their purview to drive business-wide operational transformation. Yet, a reliance on antiquated tools can stand in the way of digital reinvention, which could lead to missed opportunities or inaccurate forecasts that undermine performance.”
Six Considerations for CFOs Managing Through COVID-19
April 30, 2020
“Downturns and recessions are challenging, but some businesses are not only able to come out intact, they are also able to seize opportunities to outdistance their competition and position themselves for future growth. Still, the speed at which the COVID-19 crisis is unfolding may likely require CFOs to use new tools — virtualization and scenario-based forecasting, for example — in addition to the traditional levers they have used to act swiftly and reasonably. Still, the speed at which the COVID-19 crisis is unfolding may likely require CFOs to use new tools — virtualization and scenario-based forecasting, for example — in addition to the traditional levers they have used to act swiftly and reasonably.”
CFOs – What’s your role during a crisis?
April 24, 2020
“Chief financial officers today are positioned to help transform their organizations like never before. As a finance chief, you have the leadership skills, the financial expertise, the strategic thinking and the operational aptitude to guide your company through a once-in-a-career renaissance.”
Do You Have the Right Type of Controller for Your Business
March 30, 2020
“Finding the right corporate controller for the scale and stage of growth for your organization is critical. If your company is a small, fast-growing organization, a “big company” controller may be unable or unwilling to roll up their sleeves to lean in and help address your most important issues. If your organization is more mature, an outstanding, hands-on small company controller may have difficulty developing a strong team and thinking and acting strategically.”
The Value of Continuous Accounting for Business
March 26, 2020
“Many senior finance executives want their department to play a more strategic role in the management and operations of their company. They believe there is value in shifting their focus from processing transactions to higher-value functions in order to be able to make more substantial contributions to the success of the organization. Continuous accounting can serve as the foundation for transforming the role of the department.”
How CEOs Can Lead a Data-Driven Culture
March 23, 2020
“In companies with strong data cultures, important decisions are informed by data and analytics and executives act on analytically derived insights rather than intuition or experience. While digital-native companies like Amazon and Alibaba have strong digital cultures, many traditional companies are struggling to make progress. That’s mostly because few undertake initiatives directly aimed at achieving the desired culture change.”
2020 CFO Priorities Includes Integrated Insights
February 19, 2020
A recent survey from CFO Magazine and Duke University Fuqua School of Business identifies four priorities for CFOs with “Move from Disconnected Spreadsheets to Integrated Insights” topping the list. Finance teams need tools to understand the interdependencies of the decisions made without spending 2.24 hours per day on average sifting through spreadsheets.
Gartner’s Top Five CFO Initiatives for $1B+ Companies
January 31, 2020
The recent Gartner for Finance survey shares the top five initiatives CFOs of $1B+ companies are prioritizing in 2020: Finance analytics, Finance organization strategy and structure, Finance technology optimization, Growth investments, and Cost structure. Digging deeper into finance analytics, survey respondents felt that insufficient skills for advanced analytics was their top challenge.
CFO Trends for 2020
January 24, 2020
CFO Dive shares it’s list of five trends for CFOs to watch in 2020, including the insight that more finance operations will move to a rolling forecast. By enacting this trend, it creates a “rolling time horizon [that] enables executives to make decisions based on market dynamics rather than an artificial target”.
