The Ledger
Curated content foranalytical business leaders
Tag Archives: CFO
CFO Dive: CEOs Brace for Recession, CFOs Eye Costs
January 17, 2023
“Notably, 58% of CFOs still cited cost optimization as one of their top three concerns for the next six months.”
CFO Dive: 4 CFO Trends to Watch in 2023
January 12, 2023
“Scenario planning is also essential when preparing for the future economic or monetary policy landscape.”
CFO Journal: Economic Brief: 7 Predictions for the New Year
January 12, 2023
“Without a doubt, U.S. growth in 2023 will be slower than in 2022 due to tightening monetary and fiscal policy. Yet a recession might be avoided due to declining energy prices, strong employment growth, and easing of supply chain stress. A recession remains a possibility. However, if it comes, it will likely be modest and short-lived.”
CFO Magazine: The CFO’s Role in Building Data-Driven Workflows
January 12, 2023
“Some teams utilize a financial planning tool that aggregates data from various systems, such as accounting ERP systems, customer relationship management databases, human resources systems, and customer success systems. This provides holistic visibility into key financial and operational metrics of a company.”
CFO Journal: How Companies Can Build Value in a Downturn
January 10, 2023
“Improve enterprise resilience through assessment of existing capacity to sense and respond to changing market conditions. Considerations for scenario planning might include consumer sentiment and spend, demand sensing, and supply chain planning.”
CFO Magazine: A CFO Action Plan for 2023
January 10, 2023
“CFOs should strengthen their supply chains in the year ahead, carefully analyzing them end-to-end to identify potential weaknesses and opportunities. Identify critical suppliers, build relationships with them, ensure they have scale, and designate alternate sources where needed. Engage key customers in joint demand planning, gaining commitments for short-term requirements. Invest in preventive maintenance programs to minimize unplanned downtime. Implement cycle counting for raw materials, finished products, and spare parts to ensure complete visibility. And, in general, monitor your supply chain risks and react accordingly.”
CFO Magazine: Cycle Time for Short-Term Cash Forecasting: Metric of the Month
January 6, 2023
“If your team is still forecasting manually with spreadsheets, there’s a good chance you will see dirty data and errors that require rework. Those will add to your cycle time. Automated forecasting tools on the market today can pull in finance data automatically from a banking source or from the general ledger. Creating a template that automatically populates the data you need can cut down on the time that you would otherwise spend finding and keying in that data manually.”
CFO Dive: CFOs to Combat Downturn with More Automation
January 5, 2023
“Automating part of their teams’ workload is one step CFOs can take to cut costs and improve efficiency in the face of an economic dip. When it comes to financial departments, automation can be applied to categorize expense reports in real time, for example, making previously manual and time-consuming processes more accurate and efficient.”
SF Magazine: CFOs Prepare for 2023
January 3, 2023
“All industries continue to grapple with global economic and societal upheaval, from the war in Ukraine and social unrest worldwide to rising interest rates and growing debt burdens. Finance leaders are tasked with gauging the potential impacts on their particular organization and industry. This unprecedented combination of factors leading to uncertainty and unpredictability is challenging CFOs to respond to massive disruptions and volatility and plan for various possible scenarios. Finance leaders will continue to apply data analytics and FP&A insights to guide their companies to invest for the long term while evaluating and reacting appropriately to short-term risks and setbacks. The best CFOs help their organization’s finance function to lead the way through choppy waters, overcoming challenges to achieve stability and sustainable success.”
