The Ledger
Curated content foranalytical business leaders
Tag Archives: digital transformation
Forbes: Accounting For The Future: Why CFOs Need Predictive Powers
July 30, 2021
“While hindsight and oversight were the activities we felt most comfortable performing, today our roles have shifted to include the additional “lines of sight” of insight and foresight. Some have gone as far as referring to the “CFO” as “Chief Futures Officer.” In any case, as our world grows more complex and volatile, the CFO can evolve to become both a strategist and a futurist.”
Accounting Today: Now What? Bridge the Gap in Financial Planning and Analysis
July 22, 2021
“Transformation is no longer just “nice to have.” Business leaders must be able to rely on the validity, trustworthiness and relevance of the data used to analyze and report on end-to-end planning, budgeting and forecasting processes. The cost of continuing business as usual is duplication of the efforts, fragmented systems that take lots of people and time to reconcile, challenges to meeting regulatory compliance, an inability to determine where to prioritize resources, and lower stakeholder confidence.”
Accounting Today: Companies Still Revamping Financial Processes for COVID-19
July 21, 2021
““Many companies are grappling with rapid changes and in some instances may be trying to retrofit new technologies into complex legacy system environments””.
CFO Journal: Technology Budgets Shift to Reflect Pandemic-Era Priorities
July 19, 2021
“By exposing major supply chain weaknesses, including demand surges and drops, reduced productivity, raw material shortages, and storage and product handling issues, COVID-19 became a surprise catalyst for the adoption of resilient supply chain analysis and management solutions.”
SF Magazine: Procurement's New Charter
July 13, 2021
“The journey to automate procurement processes isn’t an easy one. In the survey, 92% of respondents described the digital maturity of their existing supplier management processes as “less than best-in-class.” Approximately 13% admitted to still using legacy systems such as email, spreadsheets, and offline document repositories, resulting in countless hours of manual work to piece together fragmented data—a task truly meant for automation rather than human hands.”
IndustryWeek: Mission Accepted: Deploying Digital Transformation
July 12, 2021
“The responses to the 2020 IndustryWeek Technology Survey painted a clear picture – manufacturers last year truly accepted the importance of undergoing a digital transformation. To be clear, it’s not that manufacturers didn’t understand the need pre-pandemic, but the impetus to intensify the journey was noticeably absent. It’s not anymore”
McKinsey: The new digital edge: Rethinking strategy for the postpandemic era
June 23, 2021
“The COVID-19 pandemic has fundamentally changed the pace of business, and the companies with superior technology capabilities are winning…What was considered best-in-class speed for most business practices in 2018 is now slower than average. And at companies with the strongest technology endowments, respondents say they are operating at an even faster pace.”
CFO Dive: CFOs Substantially Raise Their Growth Expectations
June 16, 2021
“Nearly all CFOs agreed on the benefit of tech investments. They named changing customer demands (47%) and disruptive technologies (40%) as the top-two drivers for digital transformation…In shepherding those transformation goals across the finish line, 42% of CFOs said their primary role is as co-leader of the transformation; another 19% said they’re a sponsor or enabler, and 16% called themselves leaders.”
CFO Dive: How CFOs' Digital Conservatism Hinders Progress
June 1, 2021
“More than 4 in 5 (84%) of Gartner clients said finance should be ‘digital by default’…Yet when it comes to implementing digital technology, nearly three quarters of CFOs said their teams are too cautious.”
