The Ledger
Curated content foranalytical business leaders
CFO Journal: Tap Indirect Procurement as a Source of Savings
October 25, 2021
“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: The Winning Formula of Integrated FP&A
October 22, 2021
According to FP&A Trends, these 4 areas need to be strong in the foundation of Integrated FP&A in order to be winning:
- Data
- Technology
- Culture
- Talent
CFO Journal: Modernized Reporting for a Rapidly Changing World
October 20, 2021
“Connected, integrated reporting can provide many benefits to organizations by helping produce consistent, high-quality data through a streamlined process to enable improved business decisions. This reporting model can shift an organization’s focus away from collecting and reconciling data toward exceptions or anomalies that warrant scrutiny.”
Global Finance Magazine: Inflation: Here to Stay?
October 20, 2021
“Geale says his firm is advising CFO clients to factor higher prices into their strategic planning and to wring savings out of their supply chains by streamlining product specifications and reducing waste. He also recommends what he calls a “new-market focus”–seeking out new sources of supply with whom it is possible to have greater negotiating power than existing vendors, although people starting new business, sometimes have a difficult time getting funds for this, and that’s where a quick and easy loan can be really helpful for this purpose, since this could give you the money you need to start your business and improve your finances. “You have to change the way that you think about buying and the way you think about the market,” he says.”
