The Ledger
Curated content foranalytical business leaders
When You Have Too Much Tech
February 21, 2020
Surveys show CFOs generally see the need to incorporate technology to help them improve their finance and accounting functions. But knowing which technology is right for their operations and which isn’t — and also when the time is right — is the “opportunity and the curse,” says Bryan Lapidus, FP&A, director of the FP&A practice at the Association for Financial Professionals. “Until you look at your needs and take an honest look at where your team is culturally, he suggested, the CFO might be better served resisting the addition of new tech for its own sake.”
2020 CFO Priorities Includes Integrated Insights
February 19, 2020
A recent survey from CFO Magazine and Duke University Fuqua School of Business identifies four priorities for CFOs with “Move from Disconnected Spreadsheets to Integrated Insights” topping the list. Finance teams need tools to understand the interdependencies of the decisions made without spending 2.24 hours per day on average sifting through spreadsheets.
The Future of Finance is Digital
February 3, 2020
A recent McKinsey study found that more that 40% of a typical CFOs time is spent on activities that “fall firmly outside the traditional role of accounting, controlling, and budgeting. CFOs are dedicating more time to strategic leadership, organizational transformation, and performance management.”
Gartner’s Top Five CFO Initiatives for $1B+ Companies
January 31, 2020
The recent Gartner for Finance survey shares the top five initiatives CFOs of $1B+ companies are prioritizing in 2020: Finance analytics, Finance organization strategy and structure, Finance technology optimization, Growth investments, and Cost structure. Digging deeper into finance analytics, survey respondents felt that insufficient skills for advanced analytics was their top challenge.
