The Ledger
Curated content foranalytical business leaders
WSJ: Anticipate, Test ‘What If’ Scenarios With Analytics
October 12, 2020
“As organizations navigate the many issues they’ve had to address in recent months, some may be capturing and documenting their decisions and actions so the information can be leveraged as part of future continuity planning. Indeed, the insights gained through the pandemic can be helpful in preparing for other events or scenarios, whether in isolation or in combination with others, where the consequences are significant, but the likelihood is low. However, there may be more organizations can do to build their resilience and prepare for possible future disruptors.”
RCA Institute: How Do You Prefer Your Costs – Fixed or Variable?
October 6, 2020
The RCA Institute asks the following questions about fixed or variable costs – Are they avoidable for the current decision? And, what’s my market risk and tolerance?
SF Magazine: Preparing the Finance Function for Technological Change
October 3, 2020
“With so many technologies emerging and evolving rapidly, choosing where to begin can be a challenge. An important initial step should be developing a strategy to effectively use the leading-edge technology and analytics techniques required to become a data-driven organization. Development of this strategy starts with considering finance’s business goals.”
Rethinking the Business Planning Process
September 22, 2020
“Many plans and budgets are now based on outdated assumptions and data, requiring FP&A teams to rethink the annual business planning process. Discussions with FP&A leaders, CFOs, and Deloitte’s Finance Transformation and Human Capital professionals, suggest several factors have led leaders to challenge the traditional process, including the need for constant scenario development and modeling; a lack of confidence in future projections; the urgent requirement for decisions about courses of action; an unclear decision-making framework, particularly around capital allocation; and time-and resource-consuming manual iteration.”
