The Ledger
Curated content foranalytical business leaders
Mastering the New Digital Age for Management Accountants
September 5, 2018
It is no secret that technology is transforming the management accounting profession due to outsourcing and automation eliminating most entry-level jobs. At particularly high risk are the mundane, repetitive jobs we all had as entry-level financial professionals. Most entry-level jobs have either become completely automated, or the skills necessary to succeed in these roles have changed. For example, in financial planning and analysis (FP&A), the bulk of time isn’t spent interpreting data—it’s spent transforming and cleaning it. While this evolution of the profession may seem like a large obstacle to overcome, that isn’t the case.
Read More at Strategic Finance Magazine >
How Technology is Enhancing ERPs For Better Business Decisions
September 4, 2018
Artificial Intelligence (AI) is being used to streamline and boost business efficiency and productivity. Sensors track products at every stop of their life cycle from the shop floor to customer sites. Cloud solutions enable the collection of millions of data points to create the foundation for machine learning. Personal assistants are readily available to simplify and accelerate information retrieval for more informed decision making. There are newer technologies available that can integrate with ERP systems to provide further insight into businesses and meet the challenge of analyzing real time data from different sources with a high level of reliability.
Data Simulation Can Save Your Planning
September 3, 2018
Often times, FP&A leaders do not incorporate large events or seasonal events in their supply or maintenance planning. When unexpected things complicate the planning, companies should have an alternative scenario ready to prevent any upheaval. When it comes to warehouse management, you simply need to know what comes in and what goes out. Once you know that, you can start analyzing data and gradually optimize the process. Data by itself is not very valuable, because it is not information and you don’t always know what to do with it. With integrated business planning you go from gathering data, via analyzing it, to an actionable process.
Read More at The Digitalist by SAP >
The Capital Strain of The Supply Chain
August 30, 2018
“Despite all the advances in supply chain knowledge, capabilities, technology, and resources, supply chains are actually putting more financial strain on the enterprise and increasing capital requirements for corporations with days inventory outstanding (DIO) globally deteriorating 8% since 1987.” The supply chain is getting more complex. Due to digitalization there are more supply chain capabilities than at any other time in history; and improvements in the supply chain generate real tangible value, yet few are prioritizing.
Read More at The Digitalist by SAP >
