The Ledger

CFO Journal: The CFO Agenda

“Although weekly reforecasting or monthly scenario planning may wane as the pandemic does, CFOs are not likely to revert to their prior ways of doing things. As a result, CFOs will likely have to demonstrate their own agility as leaders, equipping the enterprise with what it may need most: insight on what drives its value and fulfills its purpose and options to maximize both.”

Read More at The Wall Street Journal >

Supply Chain Dive: ‘One thing after another’: More Disruption Looms Over Semiconductor Market

“The cascading supply threats come amid record demand from semiconductor customers, as they increasingly incorporate chips into phones, automobiles and appliances. And semiconductor stock levels have dropped 43% in the past two years to reach the lowest point in over a decade, according to an Avnet report.”

Read More at Supply Chain Dive >

CFO Dive: CFOs Cling to Spreadsheets Despite Their Limits as FP&A Tool

“The biggest complaint among spreadsheet users is the time required by manual processes to complete even basic tasks, such as budget preparation.

“With so much time spent on manual processes, the analysis part of Financial Planning and Analysis gets lost,” the report says.

It takes between four weeks and three months for the typical organization to complete its annual budget, after which more time is spent correcting mistakes and updating data.”

Read More at CFO Dive >

FP&A Trends: The Evolving Role of Zero-Based Budgeting

“What is new in ZBB?

1. ZBB is not a cost-cutting exercise. It is part of every line of the planning process.
2. It is also a method to identify key drivers, so it is linked to driver-based planning.
3. It is a rethinking of the traditional budgeting process.
4. It is improving Business Partnering due to collaborations and the use of modern technology.”

Read More at FP&A Trends >