The Ledger
Curated content foranalytical business leaders
Tag Archives: CFO
CFO Journal: 3 Data Management Challenges—and 4 Ways to Respond
November 10, 2022
“It can be difficult for technology industry leaders to weather the many challenges of rising data volume, shifting regulations, higher costs, and increasing complexity. However, by focusing consistently on collaboration, flexibility, modernization, and automation, they may enhance operations and better anticipate and respond to regulatory requirements.”
CFO Magazine: 79% of Executives Expect a Recession; Only 35% Feel ‘Very’ Prepared: Weekly Stat
November 7, 2022
“Decision-making data showed that 47% of prepared leaders said they will turn to information technology to aid in decision-making moving forward, while 41% of the not very prepared said the same. A majority of the not very prepared group (55%) said they will lean on C-suite executives, while a third (33%) said they will lean on accounting or finance for a majority of their decision-making aid. The prepared group also saw value in tapping the C-suite and the finance department when making decisions, despite seeing the wisdom of leveraging IT and outside consultants.”
CFO Magazine: Survey: 5 Top Challenges and Priorities CFOs Face in 2022
September 1, 2022
“With supply chain problems still looming, CFOs are looking to invest in new ways to streamline operations. Nearly half (46%) of CFOs surveyed said capital will be allocated to improving this part of their organizations. Beating out sales, marketing, IT, and HR combined, it’s clear CFOs across the board are looking to tackle logistical issues over all else by funding new ways to improve their processes.”
CFO Insights: What is On Your Transformation Risk Checklist? Part II
August 25, 2022
“Suppose you have used a personal spreadsheet for years to calculate a certain formula, but your company has introduced a new system to handle that. If you insist on using your method, the company no longer knows whether you have used the correct assumptions to calculate the formula—or if errors have been introduced into your spreadsheet.”
CFO Insights: What is On Your Transformation Risk Checklist? Part I
August 25, 2022
“Core legacy systems may not be able to provide timely and accurate information and analysis for business decision-making. In cases where organizations have grown inorganically through acquisitions, critical systems and data sets may not be seamlessly integrated to give comprehensive real-time insights on key business issues. Thus, core data and IT infrastructure often must be improved before process and operational changes can be delivered”
CFO Dive: CFOs Flag Staffing, Digital Transformation as Top Growth Challenges
August 17, 2022
“Companies with more resources or more established financial teams are more likely to focus on digital transformation, however. The study found 47% percent of firms with between $51 million to $100 million in annual revenue, stated digital transformation was a top challenge when it came to fostering future growth.”
CFO Journal: Fragile Supply Chains Confront Ongoing Threat From the Russia-Ukraine War
August 9, 2022
“How detailed is your supply chain information? Visibility into suppliers is only as comprehensive as the information that is being captured and reported. Companies may identify and survey their most critical suppliers, but they often stop there. In the Deloitte procurement survey, 75% of CPOs chose enhanced supplier information-sharing as their top supply risk mitigation strategy. Visibility into suppliers’ operational performance can be critical in meeting sudden changes in demand.”
CFO Dive: CFOs to Boost IT, Tech Budgets in Face of Inflation: Gartner
August 8, 2022
““We’re increasingly seeing sort of a pivot in finance, [where we’re] moving away from finance being the transactional record keeper to finance becoming more of the financial insights department,” Horvat said in an interview. “So what we’re seeing is CFOs leveraging new data and analytics techniques…to identify abilities to save money within the organization.””
