The Ledger

Forbes: Building A Flexible Finance Function In An Age Of Disruption

“If there’s one thing that the past year has taught us, it’s that our organizations need to be able to react to crises and disruptions at a moment’s notice. What does this mean for CFOs and for finance departments more broadly? It means they must be nimble, agile and responsive to sudden change, in addition to being conscious of long-term preparedness.”

Read More at Forbes >

CFO Dive: Only 20% of CFOs can forecast revenue, earnings beyond a year: survey

“CFOs will push up IT spending worldwide by 6.2% this year to a record $3.92 trillion, according to Gartner, as they accelerate their pre-pandemic plans for digital transformation by at least five years.

Given the disruption from the coronavirus, “this is the perfect time to actually start the transformation,” Ajmera told CFO Dive. “Everyone in the organization — board members, etcetera — understands the pain and understands the need.””

Read More at CFO Dive >

Industry Week: The Complex Choreography of Supply Chain Resilience

“Building a resilient supply chain requires precise forecasting, the ability to rapidly adapt to short-term situations, supply chain flexibility, and being able to detect problems at an early stage. These capabilities must be captured in processes that rely on decision-making based on data available any time, any place.”

Read More at Industry Week >

CFO Journal: By Stepping Up, Controllers Can Keep Pace With New Demands

“As CFOs turn their attention to these enterprise-level and business model transformations, they often rely more on their controllers to drive finance transformation. Why? Controllers are critical to the three outcomes finance transformation seeks to deliver: enhanced information for decision-making and resource allocation; increased speed in reporting critical information to decision-makers; and increased productivity, cost efficiency, and capabilities of the finance organization.”

Read More at Wall Street Journal >