The Ledger

How Federal CFOs Can Drive Cost Transparency

CFO’s across government agencies are encountering challenges when establishing effective cost management and accounting practices because of complex issues rooted in data, systems, processes, and/or organizational structure. The need for more cost transparency stem from an increasing need to link strategic objectives to the budget, cost of programs and services, and performance measures. CFOs looking to implement cost transparency initiatives can leverage a tool that deploys a managed services model to efficiently achieve cost management, accounting and performance objectives.

Read More at The Wallstreet Journal >

Growing Confidence in Decision Making With a Single Source of the Truth

By leveraging advanced analytics from next-generation technologies, executives no longer have to wonder if they data they are using to make vital business decisions is accurate. For CFOs and financial teams, then, advocating for their business’s transformation into an intelligent enterprise should be a top priority. Advanced technologies use sophisticated mathematical algorithms and high-speed computing power to generate patterns about this data that are dependable and accurate. That data can then be used by the technology itself, or a living person, to make a decision that the business expects will provide the best possible outcome.

Read More at The Digitalist by SAP >

Advanced Technology Platforms Are Driving Finance Transformation

“Historically, ERP systems were implemented every 5 to 10 years and upgrades were made every year or so. With digital transformation, multiple software platforms interact with each other and constantly change the environment, the spend, and the ROI.” – Chris Stephenson, Business Consulting Principal at Grant Thornton

CFOs need to find a way to reduce costs and increase productivity, while increasing customer satisfaction and other valuable intangibles. This can be accomplished by understanding the robust nature of integrated technologies and knowing which one is best suited for the business.

Read More at CFO Magazine >

A Modern Data Analytics Platform Can Save Your Business From Extinction

 “IDC recently made a bold prediction: 75% of organizations will become completely digitally transformed by 2027, and the rest will go out of business. Why? Successful digital transformation allows businesses to operate with a level of agility necessary to adapt to a marketplace that is increasingly volatile, uncertain, complex, and ambiguous.”

Increasingly, the growth of midsize businesses depends on the strength of a unified modern data platform, which is critical for turning data into insight. IT leaders must create a trusted foundation of connected, real-time data that is carefully and faithfully governed, orchestrated, and made accessible business-wide. Furthermore, the infrastructure, tools, and services supporting this platform must be flexible and agile enough to immediately address shifting customer demand, increasing disruption, and evolving market dynamics. 

Read More at The Digitalist by SAP >