The Ledger
Curated content foranalytical business leaders
Harnessing Data for Real-Time Operational Reporting
March 22, 2018
CFOs are increasingly shifting to business partnering and strategy. Getting a clear perspective of the key drivers for the business as they happen is increasingly important, from classical finance measures around income, expenses, days sales outstanding, and profitability to operational measures like customer satisfaction or sales pipeline health. Providing real-time access for operational departments, rather than expecting them to wait for period-end, can be extremely useful.
Read More at The Digitalist by SAP >
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 >
