The Ledger

Industry Week: Operations Managers: Rising to the Challenges of 2021

“Operations leaders remain under pressure to deliver outstanding results. It is important to remember that simply driving efficiency and reducing costs are not everything.”

“To create a truly resilient organization, it is critical to fully align technology with people and processes.”

Read More at Industry Week >

CFO Magazine: The Complexities of a COVID-19 Year-End

“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:

1. Forecasting and related impairment analyses
2. Going concern analysis
3. Internal controls
4. Stakeholder communications

Read More at CFO Magazine >

CFO Journal: Financial Reporting Trends: Forecasting, Communication, Internal Controls

“While there is not a one-size-fits-all approach to addressing current forecasting challenges, the following strategies have proven to be effective for a number of companies:

• Evaluating recovery and financial forecasts from an outside-in perspective first—specifically, focusing on the factors, issues, and conditions outside of a company’s control that are known and knowable

• Automating components of forecasting to help remove bias and facilitate more real-time and frequent reforecasting as key drivers and trends change, while also analyzing data at a more detailed level

• Considering facts that both support and contradict assumptions regarding the company’s timing and pattern of recovery, sustainability, and growth.”

Read More at Wall Street Journal >

CFO Dive: 5 CFO trends to watch in 2021

Real-time data makes the list, again, in trends for CFOs to pay attention to this year. Here are all five trends from Jim Tyson:

1. Increased pressure to adopt ESG metrics

2. The countdown to LIBOR’s end will grow louder

3. Targeted, AI-assisted zero-based budgeting will outlast the pandemic

4. CFOs will try to expand use of real-time data

5. CFOs will try to find the best post-pandemic balance of remote and in-office work

Read More at CFO Dive >