The Ledger

Cash-to-Cash Cycle Time Matters

The faster you can turn inventory into cash, the healthier your company will be.

“The primary goal of pretty much any organization that sells goods or services is to make money, and the way to do that is to turn inventory into cash. Building up inventory or delivering a service requires a company to invest in the raw materials or people first, assuming they will earn that money back – and then some – later. The faster your company recovers its investment, the more cash it will have on hand to make and deliver more product and make more money.”

Read More at CFO Magazine >

Strong Analytics Lead to Increased Profitability

Companies with strong analytics are more profitable than their competition. The International Institute for Analytics, co-founded by Davenport, conducted a survey in 2016 of 50 companies across several industries and found that few were analytical competitors. The companies with the strongest analytics had four key characteristics: They supported a strategic capability, their approach was enterprise-wide, the senior management team was committed, and the company made a significant strategic bet on analytics-based competition.

Read More at The Digitalist by SAP >

Collaboration, Innovation and Agility is All About the End-User

Being able to visualize your organization is absolutely key to being successful. Most companies still reside in a world where their technology is lacking the agility and visualization to make strategic business decisions in real-time. When choosing a technology that can accomplish those things, there are three things finance professionals should be looking for. The solution must be cost effective, it must provide a robust platform by which to collaborate and innovate, and it needs to enable agility throughout their organization. Truly advancing innovation and agility demands a paradigm shift- it’s now all about the end-user.

Read More at CIO Applications >

Advanced Technology is Allowing More Creativity in Business

Technology has changed the way we live and work in ways previously unimaginable. Innovation in areas such as artificial intelligence, cloud technology, and Big Data enables us to run faster, jump higher, and dream bigger. These technologies are opening up opportunities for innovation and creativity- both of which are key for companies that want to grow and succeed in today’s digital world. With more data, time, accessibility, and convenience, professionals can much more easily connect, expand their knowledge, and keep discovering new ideas that contribute to their business’ momentum.

Read More at The Digitalist by SAP >