The Ledger
Curated content foranalytical business leaders
CFO Magazine: Dispelling the Myths About CPM Implementations
November 23, 2021
“CFOs must understand that the benefits of CPM to quickly recoup the investment and lead to value creation in both hard and soft dollars. Among the former, the technology drives down costs by allowing business-unit comparisons to identify and leverage best practices. But there is a soft-dollar return that CFOs should not overlook. CPM technologies enable CFOs to realign their finance department work to higher value-add functions (decrease in data collection, reconciliation, and consolidation; increase in business analyses and support). And, the insights realized as a result of a CPM system investment help finance chiefs make more informed business decisions and more easily course-correct when circumstances change.”
CFO Journal: Common Traits, Challenges of Transformational CFOs
November 23, 2021
CFOs: Consider these questions when assessing your own transformation-leading qualities:
- Am I willing to rethink ROI?
- Can I introduce new metrics?
- Am I comfortable provoking my peers?
- Can I convey a sense of mission and a set of values to employees, customers, and other stakeholders?
CFO Journal: What Makes Transformations Work?
November 19, 2021
“It means rejecting the myth that transformation is “an event with a start and end, whereby organizations migrate from one steady state to another as opposed to a continuous process of adapting to a highly volatile, ambiguous and uncertain environment shaped by multiple, overlapping disruptions.””
FP&A Trends: Corporate Performance Management in the Age of Agility
November 16, 2021
One of the key transformation pillars for FP&A Teams is to “optimize the use of technology:
- Digitalise the forecasting and reporting cycle to promote collaboration and access to data while ensuring security and traceability
- Take advantage of Artificial Intelligence (including analytics) to solve current problems and improve its ability to anticipate, decide and act
- Equip yourself with a modern reporting tool that allows users to easily access data, conduct their own analyses, and define their own dashboards (taking into account mobility needs, if applicable)”
