Year-Round Planning is Key for Farmers

There will always be circumstances that come up in the farming industry where plans need to be adjusted due to new information or changes in external factors (climate, crop success, etc..). Most planning for farmers happens in the winter, but the practice usually gets pushed to the side during the busy summer months. However, it is important to view plans and financials throughout the year so they can get a grasp on the farm’s costs, profits and better understand where improvements need to be made. Equipped with financial information from the summer and winter, farmers can now plan effectively for each season by projecting potential outcomes and better understand their entire business.

Read More at Farm Futures >

 

Your Data’s Journey Can Determine Success

A company that is agile and innovative requires an understanding of how data flows through the organization, interacts with various departments, and transforms itself. There are seven phases that typically happen during the data life cycle that managers need to ensure their data is going through: capture, qualify, transform, utilize, report, archive, and purge.  It takes time, resources, and commitment to assure data takes the right journey through the enterprise, but this critical practice will prove very beneficial to the organization as a whole.

Read More at Strategic Finance Magazine >

 

A Game Changer for Supply Chains

 “Effective supply chain management in manufacturing is essential for collaboration and coordination, as well as efficient business practices.”

In today’s increasingly complex and digitally driven supply chain, where competitive advantage can quickly evaporate and on-time practically means yesterday, smart integration is essential to stay competitive. There are six primary ways that integration in the supply chain can boost productivity and effectiveness.

Read More at Industry Week >

 

Leveraging Dynamic Technology to Drive Stronger FP&A

Organizations are under increasing pressure to make well-informed decisions quickly based on data coming from various sources. Now they can leverage technology that speaks to multiple systems to develop meaningful planning metrics with an agile, intuitive interface that allows users to analyze their data in a more productive manner. Digital transformation is unfolding greater opportunities for companies to plan, predict, and communicate market trends, determine spending, and better understand customer behavior. Predictive analytics can change the way businesses plan and how they make decisions. By gathering data, having clear objectives and goals, and activating evidence-based decisions, companies can streamline their planning processes and make smarter business decisions

Read More at The Digitalist by SAP >

 

Reducing Finance Costs with Digital Technology

Leading finance organizations costs have plateaued in recent years because they have already squeezed as much inefficiency out of their finance operations as possible with their pre-existing tools. Reducing finance cost is not just an exercise in cutting expense. It’s about building a leaner organization that frees up funds for redeployment into growth opportunities; and creates a more agile base for finance to be responsive to the demands of its stakeholders. How can it break through the cost barrier? One answer is by more broadly adopting digital technologies.

Read More at The Digitalist by SAP >

 

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