The Ledger
Curated content foranalytical business leaders
Analytics = Preparedness
Is your organization ready for a downturn?
“In today’s analytics landscape, details are less important than trends. A trend line allows prediction and, ultimately, the foresight to act. Analysts must be coached to assign confidence to a trend line and recommend action early. One might posit that a timid analyst with a modern-day toolset is as unfortunate as a Ferrari with a driver riding the brake.”
AFPs Eight Steps to Rolling Forecasts
With more organizations shifting from traditional budgeting to rolling forecasts, The Association for Financial Professionals has shared their list of 8 steps to help finance teams avoid missteps at every stage from goal setting to tracking performance.
CFO Trends for 2020
CFO Dive shares it’s list of five trends for CFOs to watch in 2020, including the insight that more finance operations will move to a rolling forecast. By enacting this trend, it creates a “rolling time horizon [that] enables executives to make decisions based on market dynamics rather than an artificial target”.
Seeing Into the Future
With just 42% of CFOs and finance leaders indicating that their finance systems give them the information they need to be effective business partners and only 31% of them with a dependable platform for decision making, there’s lots of opportunities for finance teams to evaluate their technology architecture.