The Ledger
Curated content foranalytical business leaders
CFO Journal: How to Act in the Face of Uncertainty
January 20, 2022
“Until recently, business leaders could assume that the immediate future would bear enough resemblance to the recent past that they could construct sturdy forecasts out of the data, assumptions, and real-world experience they’d been accumulating. Relying on continuity from past events, however, has always been a specious practice, especially in fast-moving industries, and can be existentially dangerous today.”
CFO Magazine: 2022 Outlook: CFOs’ 4 Realms of Risk
January 18, 2022
“Corralling all the data required to get better at planning and forecasting and timely decision-making will not be a piece of cake. A Harvard Business Review Analytic Services study found that many finance teams struggle with accurately preparing, reconciling, and accessing high volumes of information; integrating recent or real-time data into analyses; and analyzing data, forming recommendations, and communicating them.”
CFO Dive: Bad Use of FP&A Costs U.S. Companies $7.8B a Year
January 17, 2022
“Manual data inputting leads to errors, which can lead to reputational hits. It also leads to siloed operations, which can put an organization at the mercy of a single employee. When a bookkeeper at the Florida Republican Party passed away, the organization couldn’t access the data the person managed, causing it to miss a Federal Election Commission reporting deadline. “The employee did not share with other members how to work the software, rendering it unworkable after he died,” the report says. That kind of thing, along with reporting errors, can impact the organization’s reputation, which, for a company relying on investment capital, can impact the amount of money it can attract and at what cost.”
CFO Journal: The Inflation Outlook: Preparing for the Unpredictable
January 14, 2022
“In order to help executives prepare for a future no one can predict, Deloitte recently developed a set of scenarios to explore the question: How might inflation evolve in the U.S. over the next three years, and what could be the impacts on large organizations?“
