The Ledger
Curated content foranalytical business leaders
Seeing Into the Future
January 23, 2020
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.
How CFOs Have Evolved to Support Innovation
October 24, 2019
CFOs and finance teams play an increasing role in enterprise innovation, and the ones with a solid foundation of enterprise technologies are already ahead of the competition. Most companies view innovation as essential to survival. But without the right leadership and direction from finance, enterprise innovation plans inevitably fall flat or divert precious resources away from worthy projects. Supporting innovation is one of the new challenges for finance, but one that is important for CFOs and their finance teams to get right.
The Hard Truth About Traditional Data Management
October 23, 2019
Customers don’t care about your infrastructure or data problems. They just want your organization to know who they are, what they ordered and how to fix their problems. At the same time, businesses want technology to help build great customer experiences while driving to a lower cost structure and making the products they build better using the data they have. And they need it done fast. These companies have spent millions of dollars trying to modernize their applications, only to still lack real-time access to the data they need. A fundamentally different approach is required to solve the challenges created over the last 30 years and not solved in the last five.
Read More at Forbes Magazine >
The 3 Most Common Profit-Killing Mistakes to Avoid
October 22, 2019
According to Gartner, just three types of financial decision-making mistakes can cost businesses around 3% of their net profit. Operational decisions are increasing in speed, volume and complexity — creating a challenge for finance, whose job it is to make sure those decisions are financially sound. Many finance teams have invested in different tools and technologies to improve their decision-making capabilities, however, few are successful at consistently supporting business decisions in a way that delivers tangible business value. To change this, finance leaders must stop making the following profit killing mistakes: confusing a desired outcome with the likely outcome, overlooking a decision’s effects on other parts of the company, and having an “any business is good business” mindset.
Read More at Smarter with Gartner >
