The Ledger

FP&A Trends: Best Practices to Drive Transition to Extended Financial Planning & Analysis (xP&A)

“To achieve an integrated FP&A, organisations and their leaders need to focus on key success factors”

1. Data & Key Drivers
2. Driver-Based Model
3. Way Financial View
4. Integrated Processes
5. Integrated People
6. Integrated Platform

Read More at FP&A Trends >

Harvard Business Review: Bad Data Is Sapping Your Team’s Productivity

“Fortunately, good-enough-to-get-started estimates can be obtained by the applying the “rule of 10”: it costs 10 times as much to complete a unit of work when the data is flawed in any way as it does when the data is good. In practice, this means that if data is good for 90% of your work, finishing the remaining 10% will cost more because of all the added friction.”

Read More at Harvard Business Review >

CFO Magazine: 49% of Finance Professionals Worry Cash Flow Data is Unreliable: Weekly Stat

“As the economic outlook for the next twelve months continues to be poor, real-time financial data will be “key to survival” according to the survey. Rising pressures on CFOs will result in more data-reliant decision-making.”

Read More at CFO Magazine >

Industry Week: Is the Chip Shortage Over? That Depends.

“Supply chain practices such as enabling end-to-end traceability, diversifying sources of supply, and optimizing safety stock can also help to manage risk. Of course, nobody has a crystal ball to see perfectly into the future, but proactive and data-informed business planning can help to prevent shortfalls and build resilience into your supply chain.”

Read More at Industry Week >