The Ledger
Curated content foranalytical business leaders
The Growing Importance of a Rolling Forecast
February 28, 2018
Often times CFOs get so consumed by what is currently happening with their financials that they leave little time for forecasting. Forecasting represents the best guess of what will happen in the future. By treating your budget as a valuable asset that you consult regularly, you give your management team the opportunity to course-correct as conditions change or new trends emerge. Predicting unforeseen trends and opportunities 12 or 18 months in advance is difficult in any case, which is why the practice gets pushed to the side by many finance professionals. For this reason, it’s worth considering a shift to a rolling forecast. A rolling financial forecast enables corporate finance teams to project out as the year progresses in order to accommodate trends that affect key business drivers.
CFOs are Taking Action in Their New Environment
February 27, 2018
CFOs are stepping up their game to become influential strategic leaders. They are responsible not only for overseeing day-to-day operations and capital structure, but also providing sound advice and leadership to drive the strategy of the entire business as well as individual organizations. Very quickly, CFOs have acquired intimate knowledge of what every stakeholder, executive, partner, and customer is thinking, as well as the ability to predict what’s on the horizon in the economy.
Read More at The Digitalist by SAP >
Manufacturers Need More Than Their ERP System to Be Successful
February 26, 2018
As manufacturers, efficiency, quality, cost and customer satisfaction are all elements that drive your business. The technology that is used must have operational meaning, purpose, and application for you to make an investment. It must improve production and increase your competitiveness. You shouldn’t have to compromise your business with an ERP that wasn’t designed for manufacturing. You need a system that can handle the complexity of your business and that gives you the insights you are lacking in your ERP system.
Old School Supply Chain Operations Won’t Be Successful For Long
February 22, 2018
“Intelligent Operations” technology, as opposed to traditional, transactional ERP systems, is an application category that gathers and provides context to diverse data sources, providing visibility to all of the participants in the value chain to enable faster decisions that eliminate waste and raise customer service levels. Supply chain executives across all industries have been developing digital strategies over the past several years. They are aggressively addressing integrated technologies, such as cloud-based platforms and predictive analytics. These technologies give their business a competitive edge against their competitors that are still using old school processes.
