The Ledger
Curated content foranalytical business leaders
Put Your Money Where Your Strategy Is
March 21, 2018
“Managing strategy is learnable. It is important to include and protect planned spending for strategic projects and initiatives and risk mitigation spending in budgets and driver-based rolling financial forecasts. The three types of projects (capital, strategy, risk) lead to long-term sustainable yet safe value creation. Driver-based operational expense planning assures that the correct level of employee head count and spending are in place to achieve planned profits.”
Transforming Data to Fulfill Your Mission
March 20, 2018
Business and IT executives are increasingly looking to technology not only to improve cost control through efficiency and productivity gains, but also to drive revenue, accelerate innovation, and improve the ability to fulfill their missions. The key to doing this is to treat data as you would any other asset. Companies must invest in technology and people to turn insight into value and establish organizational competencies and capabilities focused on leveraging data. How you build your intelligent core, including its data management capabilities, will determine your ability to transform and compete your mission effectively.
Read More at The Digitalist by SAP >
The Best Approach to Automation for CFOs
March 19, 2018
Understanding the technology that your business is using is a critical step in automating business processes. Today’s rapidly changing business climate has brought together the CFO and the CIO to collaborate and ensure the success of technology automation processes. CFOs need to approach automation not as a technology project, but as a business process optimization. A strategic CFO should make it a priority to identify the potential added value that can be unlocked from automating their finance processes.
Read More at CFO Tech Outlook >
The Value of Visualization in FP&A
March 15, 2018
Modern finance preaches quite a few things that help FP&A. Much of it relates to the speed of receiving information, a single version of the truth, integrating data, integrating plans, planning in the cloud, and so much more. One area of FP&A that is often overlooked is the value of data visualization. The power of modern BI and visualization allows finance to tell a real-time story based on the latest information. It allows finance to weave a narrative that allows them to not only gain trust but also to gain an audience – and most importantly, capture the mind and attention of the customer.
Read More at The Digitalist by SAP >
