The Ledger
Curated content foranalytical business leaders
Forbes: From Bookkeeper To Business Leader: How Finance Pros Shape Strategy And Culture
January 9, 2021
“The finance profession has evolved from a singular focus on financial reporting to a strategic role in helping advance core business goals and reacting to seismic challenges. The Covid-19 crisis has illustrated and arguably accelerated this trend, especially as it concerns risk mitigation, supply chain management and radically re-orienting corporate strategy amidst one of the biggest global crises of our time.”
CFO Magazine: A New Year’s Resolution: The CFO Should Own Digital Transformation
January 8, 2021
Sanjay Purohit gives 5 reasons why the CFO’s role in digital transformation (DX) is paramount:
1. Successful DX is data-fueled.
2. DX increases risk.
3. Digitalization demands centralization.
4. Transformation has a timeline.
5. The road to process transformation runs through finance.
CFO Dive: Large gulf between CFOs and reality on real-time capabilities, survey finds
January 7, 2021
“Almost 45% of CFOs say they plan to have nearly all of their finance processes and operations in real-time over the next three years; 34% say their goal is to do real-time scenario planning, and 24% say the ability to provide real-time insights is the highest priority of their finance function.
“By embracing change and pivoting to intelligent operations, the role of the finance function is increasingly elevated while positioning the company for growth,” Manoj Shroff, head of Accenture’s intelligent finance operations offering, said.”
SF Magazine: Strategies for Global Operations
January 6, 2021
“A well-designed, functional, and comprehensive budgeting system is an essential management tool for a multinational business. As we discussed, these companies must forecast the impact of global external variables (like foreign exchange and interest rates) as well as internal variables (transfer prices, supply-sourcing subsidiaries, production sites, etc.). All in all, the budgeting system should be effective not only in monitoring progress compared to plan but also in adjusting to unpredictable events and circumstances.”
