The Ledger
Curated content foranalytical business leaders
CFO Journal: Tap Indirect Procurement as a Source of Savings
February 7, 2022
“Before they can make strategic decisions about indirect purchases—such as standardizing all cost-related policies—CFOs need to arrange the fragmented pieces into a full picture. Working with the chief procurement officer (CPO), they need to assemble and consolidate data from the many internal, non-procurement functions that have been making their own deals.”
FP&A Trends: Measuring FP&A Performance with Key Performance Indicators (KPIs)
February 1, 2022
“So how can an FP&A function implement a good KPI framework? First and foremost, the questions in formulating the KPIs should be tied to the strategic objectives of the business – the value drivers. Once the right questions are selected for the KPIs, three foundational elements discussed below should be factored in building a strong FP&A KPI framework:”
- Reliable insights
- Accountability
- Quality data
SF Magazine: Preparing Future Accountants
February 1, 2022
“The essence of management accounting is internal decision support, which will ultimately impact the internal and external stakeholders of an organization and, consequently, influence the areas of financial reporting, audit, and tax. Management accounting seeks to reflect and provide deep insight into the underlying relationships among resources, processes, customers, economic conditions, and financial and nonfinancial outcomes. The goal is to enable an organization to use information that’s meaningful and timely for creating long-term strategic value.”
SF Magazine: CFOs’ Evolving Views of Tech
February 1, 2022
“Pandemic-induced changes exposed the inefficiencies of some finance teams that relied on manual processes and outdated systems to complete their activities each month.”
