The Ledger
Curated content foranalytical business leaders
CFO Dive: CFOs Facing an Unprecedented Range of Risks Find an Edge in Analytics
March 5, 2021
There are better ways to plan your business finance strategy than on a spreadsheet with old data!
““I’m afraid a lot of firms today do their forecasting on the back of an envelope,” Keating said. “The use of predictive analytics is a very important way to compete.””
CFO Magazine: 10 Vital Roles for CFOs
March 4, 2021
“The differentiators that make for an effective CFO take place in a far wider arena: for example, the ability to provide strategic business advice, communicate effectively in new ways and to more audiences, and deploy the latest technologies for maximum efficiency and minimal risk.”
SF Magazine: After a Year of COVID
March 3, 2021
What are your business’ drivers?
How frequently are you measuring the potential impact that external drivers, like inventory constraints and labor disruption, will have?
““We’re increasing the frequency of discussing and evaluating our strategy and goals,” Grinwis said. “Each month we do pulse checks to evaluate if changes are needed to our planning based on a number of drivers, including the overall macro environment—COVID-related shutdowns, competitor trends, market demand—as well as company-specific challenges—inventory constraints, labor disruption.”
We suggest you to navigate here the four common types of remote workers and how to support them.
The pandemic has made it very clear that yearly or quarterly reporting won’t cut it. Planful embraced a continuous-planning approach that allows the finance team to be more agile and adaptable.”
“As CFOs face the demands of year-end accounting and financial reporting, they’re pondering which issues need to be front and center and how to frame them.”
Here are the 4 issues that CFO’s need to think about:
- Forecasting and related impairment analyses
- Going concern analysis
- Internal controls
- Stakeholder communications
SF Magazine: The Digitization Essentials
March 2, 2021
This article from Strategic Finance Magazine lists competency in information systems, data governance, data analytics, and data visualization are the keys to an effective digitization strategy.
