The Ledger
Curated content foranalytical business leaders
CFO Magazine: A CFO Action Plan for 2023
January 10, 2023
“CFOs should strengthen their supply chains in the year ahead, carefully analyzing them end-to-end to identify potential weaknesses and opportunities. Identify critical suppliers, build relationships with them, ensure they have scale, and designate alternate sources where needed. Engage key customers in joint demand planning, gaining commitments for short-term requirements. Invest in preventive maintenance programs to minimize unplanned downtime. Implement cycle counting for raw materials, finished products, and spare parts to ensure complete visibility. And, in general, monitor your supply chain risks and react accordingly.”
CFO Magazine: Cycle Time for Short-Term Cash Forecasting: Metric of the Month
January 6, 2023
“If your team is still forecasting manually with spreadsheets, there’s a good chance you will see dirty data and errors that require rework. Those will add to your cycle time. Automated forecasting tools on the market today can pull in finance data automatically from a banking source or from the general ledger. Creating a template that automatically populates the data you need can cut down on the time that you would otherwise spend finding and keying in that data manually.”
CFO Dive: CFOs to Combat Downturn with More Automation
January 5, 2023
“Automating part of their teams’ workload is one step CFOs can take to cut costs and improve efficiency in the face of an economic dip. When it comes to financial departments, automation can be applied to categorize expense reports in real time, for example, making previously manual and time-consuming processes more accurate and efficient.”
SF Magazine: CFOs Prepare for 2023
January 3, 2023
“All industries continue to grapple with global economic and societal upheaval, from the war in Ukraine and social unrest worldwide to rising interest rates and growing debt burdens. Finance leaders are tasked with gauging the potential impacts on their particular organization and industry. This unprecedented combination of factors leading to uncertainty and unpredictability is challenging CFOs to respond to massive disruptions and volatility and plan for various possible scenarios. Finance leaders will continue to apply data analytics and FP&A insights to guide their companies to invest for the long term while evaluating and reacting appropriately to short-term risks and setbacks. The best CFOs help their organization’s finance function to lead the way through choppy waters, overcoming challenges to achieve stability and sustainable success.”
