The Ledger

Don’t Lose Sight of Your Visibility

Often times, finance leaders leave little time to step back and look at how their business is performing day-to-day. Instead, viewing performance in any detail happens at year-end, where they are only able to see overall performance throughout the year. This method lacks the detail needed for important decision-making and boosting performance. Having year-round visibility is key to knowing how the business is performing in detail. Equipped with this visibility, users can forecast what will most likely happen in the future and take steps to prevent or solve any issues.

Read More at The Digitalist by SAP >

Year-Round Planning is Key for Farmers

There will always be circumstances that come up in the farming industry where plans need to be adjusted due to new information or changes in external factors (climate, crop success, etc..). Most planning for farmers happens in the winter, but the practice usually gets pushed to the side during the busy summer months. However, it is important to view plans and financials throughout the year so they can get a grasp on the farm’s costs, profits and better understand where improvements need to be made. Equipped with financial information from the summer and winter, farmers can now plan effectively for each season by projecting potential outcomes and better understand their entire business.

Read More at Farm Futures >

Your Data’s Journey Can Determine Success

A company that is agile and innovative requires an understanding of how data flows through the organization, interacts with various departments, and transforms itself. There are seven phases that typically happen during the data life cycle that managers need to ensure their data is going through: capture, qualify, transform, utilize, report, archive, and purge.  It takes time, resources, and commitment to assure data takes the right journey through the enterprise, but this critical practice will prove very beneficial to the organization as a whole.

Read More at Strategic Finance Magazine >

A Game Changer for Supply Chains

 “Effective supply chain management in manufacturing is essential for collaboration and coordination, as well as efficient business practices.”

In today’s increasingly complex and digitally driven supply chain, where competitive advantage can quickly evaporate and on-time practically means yesterday, smart integration is essential to stay competitive. There are six primary ways that integration in the supply chain can boost productivity and effectiveness.

Read More at Industry Week >