The Ledger

SF Magazine: Procurement's New Charter

“The journey to automate procurement processes isn’t an easy one. In the survey, 92% of respondents described the digital maturity of their existing supplier management processes as “less than best-in-class.” Approximately 13% admitted to still using legacy systems such as email, spreadsheets, and offline document repositories, resulting in countless hours of manual work to piece together fragmented data—a task truly meant for automation rather than human hands.”

Read More at SF Magazine >

IndustryWeek: Mission Accepted: Deploying Digital Transformation

“The responses to the 2020 IndustryWeek Technology Survey painted a clear picture – manufacturers last year truly accepted the importance of undergoing a digital transformation. To be clear, it’s not that manufacturers didn’t understand the need pre-pandemic, but the impetus to intensify the journey was noticeably absent. It’s not anymore”

Read More at IndustryWeek >

CFO Journal: Built-to-Evolve Data Can Help Transform Finance

“A finance data model or enterprise information model transforms a generic ERP package into a specific structure to fit an organization’s business needs. Ideally, such a model would be tailored to the organization’s business activities and priorities while still allowing flexibility for new product launches, reorganizations, or acquisitions. A complex, layered, and well-defined enterprise information model can provide the business with flexible reporting, harmonized transaction processing, business model agility, and expanded views of transactions and profitability.”

Read More at The Wall Street Journal >

SF Magazine: Strategic Planning in a Crisis

SF Magazine article poses these as the core tenants to strategic planning:

• Evaluate strengths, weaknesses, opportunities, and threats
• Acknowledge key weaknesses; accept unpleasant realities
• Promptly implement agreed-upon strategies

Read More at SF Magazine >