The Ledger
Curated content foranalytical business leaders
Your Strategy Could Be Missing a Key Element
November 6, 2017
Your strategy identifies what your company should be doing differently, but often times it does not provide insight into how to build the skills, knowledge and processes needed to carry out and sustain any necessary changes. Capabilities lie at the heart an organization’s ability to achieve results, so it’s hardly a surprise that different results require different capabilities. Many strategic planners and senior executives don’t build capability development into their strategies because they assume their strategy is logical enough for people to figure out what to do. However, capability development is a real and tangible part of your organization’s growth.
Read More at The Harvard Business Review >
The Best Practices of FP&A
November 2, 2017
“No other process managed by Finance has as much potential to create or destroy business value as FP&A.” Because of this, the practice of FP&A should be a priority to business leaders. There are 12 principles that some of the best-run organizations follow to be successful in their FP&A. These principles are fundamental concepts that can be adapted and adopted for FP&A practices across any industry in organizations of any type or size. They are meant to provide a framework and guidance; how you apply them to the specific circumstances of your company or institution will vary depending on your starting point.
Read More at Strategic Finance Magazine >
Are You Ready For a Smarter Future?
November 1, 2017
Some companies have not adapted artificial intelligence technologies because they can’t predict exactly how it will play out in the long run. However, the companies that are bold enough to embrace AI will gain a true competitive advantage to those that don’t. Today the speed of business, the pace of change, and the growth of data is increasing exponentially. Information lends the insight to move fast. But with the huge growth in data, how can businesses continue to process that information — to find insight that speeds evolution and innovation, without the actual search for the insights slowing them down?
Ending The Financial Close Nightmare
October 31, 2017
“Improving your financial close requires a cohesive and well-planned strategy to manage the systems, people, and processes, from transactional accounting processes to entity close, corporate, financial and management reporting, and disclosure. It requires strong governance, from centralizing compliance processes and controls to managing master data. Transforming the financial close is not a one-time project; it’s a continuous incremental journey, and the dividends to making even the first few steps to improvement can be substantial.“
Read More at The Digitalist by SAP >
