The Ledger

Harvard Business Review: When to Change Your Company’s P&L Responsibilities

“Changing an organization’s primary dimension, i.e., making a different choice of which verticals have full P&L responsibility, is not something to get into lightly. But don’t do it belatedly either, when your degrees of freedom and the time to handle it carefully are severely limited.”

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CFO Journal: Pandemic Sharpens Government Focus on Data

“Maintain the emphasis on data technology and relationships established in response to COVID-19. The value generated by these technologies and relationships is too great to let them falter. A data-centric approach provides greater value to constituents while improving performance. And when the next crisis comes, data could play a valuable role.”

Read More at The Wall Street Journal >

CFO Magazine: Why Does Excel Survive in Finance Departments?

“Business processes can be complex, and data can be messy, McIlheran said. Cloud-based financial applications enable finance departments to move away from manual processes in Excel.

“Because of its flexibility, Excel can be the glue that binds imperfect systems and processes together,” McIlheran said. “It can be a crutch to bring organizational processes or reporting together, but ultimately the business “will, and must, outgrow Excel.””

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McKinsey & Company: Solving the Paradox of Growth and Profitability in E-Commerce

“Retailers that overemphasize e-commerce revenues could actually be damaging their prospects. Indeed, digital growth is not enough; only profitable digital growth will create value.”

Read More at McKinsey & Company >