The Ledger
Curated content foranalytical business leaders
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.”
CFO Journal: Improve Working Capital Without Renegotiating Terms
August 23, 2022
“Working capital process challenges can range from ineffective communications between sales systems and ERPs to inadequate technology training. For example, if the descriptions of products in a company’s sales platform do not align to the back-end billing system, manual intervention will be required to correctly reflect on the invoice what was sold on the purchase order, introducing both delays and the possibility of errors. Meanwhile, ineffective tech training for employees using systems that feed data into reports and dashboards can lead some employees to create workarounds and manual processes that introduce inefficiencies, errors, and—ultimately—inaccurate metrics.”
CFO Insights: How CFOs Can Rise to Meet the Challenge of Soaring Inflation
August 19, 2022
“According to one Deloitte analysis, the rewards of price increases often outweigh the risks. The analysis found that if a company with 35% gross margins raises prices by 5%, the company’s sales volume would need to fall by more than 12.5% for the price hike to impact contribution margin negatively. Of course, some competitors will likely hold the line on price increases to gain market share.”
FP&A Trends: Skills of the Future: How to Build Best-in-Class FP&A Teams
August 19, 2022
“The Architect: is responsible for building the bridges between raw data, key business drivers, and driver-based models into actionable insights that help make business decisions.”
