The Ledger
Curated content foranalytical business leaders
Tag Archives: CFO
CFO Magazine: 6 Areas CFOs Should Support to Build Business Resilience
June 13, 2022
“To make informed decisions related to inventory, business expenses, hiring, capital investments, and other areas, management needs clear insight into financial performance. Even if your reporting is timely and accurate, are you providing the right insights and analysis to run the business? For example, if you’ve recently expanded globally, are you providing analysis by country or region? Or are you still setting budgets and presenting results as a total group?”
CFO Magazine: For CFOs, Digital Transformation Requires Letting Go
June 8, 2022
“For the data that executive management and the board used to drive enterprise and strategic outcomes, a centralized, universal approach to data governance is still required. But for tactical outcomes and operational decision-making — like the information operations needs to diagnose performance issues, monitor market shifts, or spot business risks — the objective of data governance should be efficiency, Duffy said.”
CFO Magazine: 7 Core Skills of Great CFOs
June 6, 2022
“We’ve identified seven skills that top CFOs need to master in today’s evolving business climate”:
- Solid Communicator
- Able to Analyze
- Technology Aficionado
- Risk Awareness
- Look Beyond Finance
- Strategist
- Alert to Social Issues
CFO Dive: Finance is a Team Sport: 4 Ways Finance Leaders Can Collaborate to Deliver Insights
May 24, 2022
“With their strategic focus and statutory oversight, CFOs have always been utility players to some extent, and now it’s time to expand the bench by creating internal finance champions. CFOs who free up the finance group for more strategic work, take a deep dive into operational data, work alongside colleagues to address the issues that impact the business the most, and manage change skillfully, will have the best shot at an MVP award.”
CFO Dive: Just 30% of CFO-CIO Relationships are ‘Collegial’: Gartner
May 20, 2022
“There are a number of steps that CFOs and CIOs can take to work better together, Rathindran said. For example, CIOs can have more empathy for the earnings targets that CFOs must hit, while CFOs could show more empathy for why an iterative approach to funding and executing digital projects is needed, he said.”
CFO Magazine: 3 CFO Priorities for An Unstable Time
April 27, 2022
“CFOs are asking their crews to sail across the ocean without a map. Finance chiefs need to step up their focus on reliable demand forecasting.
Technology can be a major help. Has your company’s finance group started using digital tools such as predictive analytics and business visualization applications? These tools improve management’s understanding of business drivers and their impacts.”
CFO Journal: The CFO Agenda
April 22, 2022
“Although weekly reforecasting or monthly scenario planning may wane as the pandemic does, CFOs are not likely to revert to their prior ways of doing things. As a result, CFOs will likely have to demonstrate their own agility as leaders, equipping the enterprise with what it may need most: insight on what drives its value and fulfills its purpose and options to maximize both.”
CFO Magazine: Why Does Excel Survive in Finance Departments?
April 13, 2022
“Business processes can be complex, and data can be messy, McIlheran said. Cloud-based financial applications enable finance departments to move away from manual processes in Excel.
“Because of its flexibility, Excel can be the glue that binds imperfect systems and processes together,” McIlheran said. “It can be a crutch to bring organizational processes or reporting together, but ultimately the business “will, and must, outgrow Excel.””
CFO Magazine: What the Ukraine Crisis Means for CFOs
March 30, 2022
“The war also reinforces the crucial importance of sound data systems that enable CFOs to drill down into their supply chains to understand where they have risks and opportunities.”
