The Ledger

Why You Need the Right Tools to Build an Intelligent Enterprise

Modern businesses are leveraging advanced technologies that are the driving force for rethinking how business is done and remaining competitive. To build an intelligent enterprise, businesses must make sure they are choosing the right platform that will accelerate their speed of delivery and drive better business outcomes both for their customers and themselves. As the pace of innovation quickens, speed and agility are essential for companies to stay relevant and compete effectively.

Read More at The Digitalist by SAP >

Better Decisions with Transparent Costing and Profitability Insights

“With companies under pressure to improve profitability, many seek higher levels of transparency into financial performance to uncover insights that can enhance decision-making and create value.”

Business leaders need actionable analytics to recommend actions that improve the bottom line; such as adjusting pricing, reducing product costs, and rationalizing unprofitable products or services. However, many companies rely on two-dimensional reports featuring a significant amount of words and numbers to facilitate a discussion or communicate a point. But in many cases, the information lends itself to more questions, requiring iterative versions to provide the answers.

Read More at The Wall Street Journal >

Leading Consumer Goods Companies Are Mastering Cost Complexity

In today’s fast-moving consumer goods environment, consumers demand an increasing degree of differentiation. Serving this need comes at a cost. Today’s consumers have completely changed the consumer goods environment because their demand is increasing, and businesses have to find a way to keep up if they want to remain competitive and profitable. Many goods come in several variations (size, flavor, ingredients, etc.). Meanwhile, shipping protocols for different countries vary, so the way individual bottles and cans are packaged together will be different depending on where the manufacturer is sending the products. These many variations of SKUs add significantly to production costs for companies that produce fast-moving consumer goods. Businesses have an opportunity to provide significant value by fulfilling customers’ desire for this customization while minimizing the costs.

Read More at The Journal of Accountancy >

Forward-Thinking Businesses Are Strategically Adopting Dynamic Technologies

“Exponential price/performance improvements in technology are driving disruption because they enable new ways of adding value for customers and new business models.”

To survive and thrive in this fast-changing business environment, companies must be customer-focused, agile, and continue to innovate. How can organizations achieve this? Their infrastructure must enable agility and flexibility to allow the organization to rapidly innovate and pivot.

Read More at The Digitalist by SAP >