The Ledger
Curated content foranalytical business leaders
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)”
McKinsey: The CIO agenda for the next 12 months: Six make-or-break priorities
November 16, 2021
“The biggest issue with data is that there’s so much of it that companies have tremendous difficulty making sense of it. Data users can spend between 30 to 40 percent of their time searching for data and 20 to 30 percent on cleansing it. The result is often a kind of data drunkenness where companies chase after different ideas in an uncoordinated and disjointed fashion. In effect, they’re trying to manage the scale rather than extract the value.”
CFO Journal: Reduce Misstatement Risk While Creating Value
November 16, 2021
“Advanced technology, including automated workflow and controls testing, is an increasingly common feature of a modern internal control environment. These tools can provide real-time information and seamless communication among critical stakeholders—control owners, the internal controls team, and external auditors—to provide an efficient, effective program.”
