The Ledger

CFO Dive: Large gulf between CFOs and reality on real-time capabilities, survey finds

“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.”

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SF Magazine: Strategies for Global Operations

“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.”

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SF Magazine: Looking Toward 2021

“The pandemic has tested the mettle of most CFOs, regardless of what industry they work in, and it has permanently changed their roles. As Judy Munro explains, COVID has underscored the need for FP&A talent in the finance department, spearheaded by access to data. “The CFOs are embracing technology in a big way to gain the insights they need in highly volatile times.””

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CFO Magazine: Producing Management Reports Faster: Metric of the Month

“When managers get timely and accurate period-end reports, they have more time to make better decisions during the next period and to make any needed adjustments. An efficient and accurate process also means fewer work spikes at the end of the period and more time for activities that help drive the business forward. More broadly, an optimized period-end reporting process means that you’ve put in the work to make sure your team is well-organized and equipped with the right data and technology, which benefits not just this process but many others.”

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