The Ledger
Curated content foranalytical business leaders
Harvard Business Review: Why Is It So Hard to Become a Data-Driven Company?
February 1, 2021
“To compete today, companies need to be data-driven. But for mainstream, legacy companies, that’s easier said than done. Despite a decade of investment and the adoption of Chief Data Officers, this survey of Fortune 1000 senior executives finds that many companies are still struggling against not just legacy tech, but embedded cultures that are resistant to new ways of doing things.”
CFO Journal: Master Data to Sharpen a Competitive Edge
January 29, 2021
“In some industries, digital technologies have already reshaped certain aspects of how the finance function conducts business—lowering operating costs, effort, and risk while increasing the analytic value and transparency of financial data. The steps companies have taken in the finance function include: Financial planning, Finance operations, and Decision support.”
3C Software: Defining the Role of Costing for Manufacturing Leaders: How to Establish a Cost Culture
January 26, 2021
Finance leaders Brent Williams and John Lutz give insights into their organizations that have embraced a cost culture and highlight their experience building an integrated costing program.
“Now we have a way to walk through the costs, verify assumptions, and have a better documented and system-defined method of costing that shows the impacts of any change.”
SF Magazine: Managing Digital Transformation
January 25, 2021
“Develop a data-driven decision culture: CFOs and senior finance professionals can promote a data-driven decision culture by challenging finance employees as well as the business on the basis of data and insights rather than opinions. Finance is in an excellent position to fulfill this role, as it has a complete overview of the organization.”
