The Ledger
Curated content foranalytical business leaders
CFO Insights: What is On Your Transformation Risk Checklist? Part II
August 25, 2022
“Suppose you have used a personal spreadsheet for years to calculate a certain formula, but your company has introduced a new system to handle that. If you insist on using your method, the company no longer knows whether you have used the correct assumptions to calculate the formula—or if errors have been introduced into your spreadsheet.”
CFO Insights: What is On Your Transformation Risk Checklist? Part I
August 25, 2022
“Core legacy systems may not be able to provide timely and accurate information and analysis for business decision-making. In cases where organizations have grown inorganically through acquisitions, critical systems and data sets may not be seamlessly integrated to give comprehensive real-time insights on key business issues. Thus, core data and IT infrastructure often must be improved before process and operational changes can be delivered”
CFO Journal: Automated Financial Forecasting: Remaking the Planning Process
August 24, 2022
“A solid foundation of data quality and data management is the first essential input to establishing automated, adaptable, and real-time forecasting. Leveraging continuous flows of data, algorithmic forecasting models allow organizations to quickly adapt to ever-changing business environments.”
CFO Dive: Digital Transformation, Worker Retention Can Cut Costs
August 23, 2022
“Taking steps to invest in technologies…that can take on time-consuming or repetitive processes rather than reducing one’s workforce can help businesses more successfully weather an economic dip. The investment in processes such as digital transformation “often has an immediate effect on labor costs and savings,” Armanino said. Deploying technologies like AI can help to drive cost-savings as well as provide a short-term return on investment for the business, he said.”
