The Ledger
Curated content foranalytical business leaders
Are You Really Data-Driven?
May 22, 2020
“Being a data-driven organization takes more than great technology and quality data. Like other aspects of digital transformation, it requires the right internal processes and culture — where the business properly guides incentives and takes steps to ensure that data is driving decisions appropriately. Failing to do this can lead to data misuse, which can be costly and hard to identify.”
FP&A Becomes More Visible to Senior Leaders
May 20, 2020
“FP&A professionals noted that they were taking part in an unending task of analyses and sensitivities; nearly one in three practitioners are producing a reforecast every day. This may sound trivial, but as Jack Alexander noted in his video interview, FP&A needs process discipline when developing and evaluating forecasts and scenarios. There are an infinite number of scenarios and a finite amount of time.”
From Uncertainty to Agility
May 17, 2020
“The COVID-19 crisis has highlighted the need for sophisticated, institutionalized risk management, including real-time scenario planning, business continuity planning and “sense and respond” capabilities. In the aftermath, we will likely see greater flexibility in network capacity, more local and multi-sourced supply, and multi-skilling of employees.”
Modeling Through the Current Crisis
May 14, 2020
“Creating financial and operating models is critical to creating alignment across the enterprise, and FP&A professionals are making numerous scenarios to understand actions, impacts and options. FP&A professionals have a sober view of the duration of this crisis, with 66% creating financial models that assume the crisis will last for three quarters or more. This was consistent across companies of all revenue sizes.”
