The Ledger

CFO Magazine: Cycle Time to Complete the Annual Budget: Metric of the Month

“Based on data from more than 3,900 organizations in our Open Standards Benchmarking survey for Planning and Management Accounting, APQC finds that top performers complete the annual budget in 25 days or less — half the time it takes organizations in the 75th percentile.”

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CFO Journal: How CMOs and CFOs Can Collaborate on Pricing

“Pricing is critical—it touches everything in the organization. Companies should have a coordinating function that forces a dialog between CMOs and CFOs, and they should have the data, insights, and tools to support it.”

Read More at The Wall Street Journal >

CFO Journal: Tap Indirect Procurement as a Source of Savings

“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.”

Read More at The Wall Street Journal >

FP&A Trends: The Winning Formula of Integrated FP&A

According to FP&A Trends, these 4 areas need to be strong in the foundation of Integrated FP&A in order to be winning:

1. Data
2. Technology
3. Culture
4. Talent

Read More at FP&A Trends >