The Ledger

How Consumer Products Companies Can Thrive in Digital Transformation

Consumer products organizations are embracing robust technologies to enable their digital transformation goals and to gain greater operational efficiencies and competitive advantages. These tools integrate disparate systems to support a single environment for robust analytics that provide meaning business insights and can ultimately be the difference between success and failure. To be successful, growing consumer products companies should adopt a standardized solution flexible enough to work across multiple organizations to alleviate the struggle of integrating newly acquired businesses. And beyond the ability to integrate new businesses, consumer products companies want to increase their speed to benefit of acquisition integration and implementation.

Read More at The Digitalist by SAP >

Data-Driven Decision-Making is Fueling a Competitive Advantage

Many companies have adapted to a “data-driven” approach for operational decision-making. Data can improve decisions, but it requires the right platform to get the most from it. The rapid adoption of intelligent technologies in today’s marketplace has completely turned decision-making practices on their heads. Traditionally, businesses depend on everyone’s opinion before making big decisions. However, it comes with the risk of slowing down the decision-making process in a hyper-competitive environment. Modern organizations have employed big data technology in their operations to help them analyze the consistently generated data. By having access to real-time accurate data insights, decision makers can make meaningful and strategic decisions faster.

Read More at Forbes Magazine >

Drive Business Strategy with Cost Optimization

According to Gartner’s 2018 IT Budget Benchmark for Midsize Enterprises, IT spend represents 3.5% of total business revenue.

“Rather than solely focusing on optimizing those costs, progressive CIOs rethink how technology investments can influence the other 96.5% of spending. CIOs that approach conversations about cost optimization from a strategic investment perspective are better equipped to balance critical business priorities while driving long-term cost savings.”

IT cost optimization isn’t only about cutting costs or identifying new sources of efficiency. It is also about strategic investments oriented around business objectives.

Read More at Gartner >

What Makes a Strategic CFO?

Strategic CFOs harness the power of technology to understand the “why” behind their numbers and use that information to solve complex business challenges faster. They possess the skills to manage rapidly changing technological processes, and they keep up with the ever-changing business landscape of their competitors. As innovations like AI and predictive analytics become more prevalent in finance, successful leaders must ensure their teams build a new skill set – met decision making. Modern CFOs help drive the direction and success of their organization and ensure business decisions are based on solid financial data.

Read More at Forbes Magazine >