The Ledger
Curated content foranalytical business leaders
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.”
CFO Dive: For Spirit Airlines’ CFO, It All Comes Back to Math
January 19, 2021
“The cost-cutting challenge stems from the mismatch between the short-term nature of the problem and the long-term assets of the carrier.
“We had to create different models that no longer considered fully allocated profitability,” he said. “We had to think of the marginal cost of the business, and decide what’s fixed in today’s world.”
Forbes: No Time To Recline: La-Z-Boy’s CFO On The Demands Facing Finance Leaders In 2021
January 14, 2021
“I often say the CFO’s (or any finance leader’s) role is to understand the business as well as the CEO, but then also understand everything behind the numbers! Business partnership and decision support are imperative for a strong finance function and a strong company. Expanding that partnership and structured thinking beyond near-term decisions and into longer-term strategy is even more powerful.”
