The Ledger

CFO Magazine: Metric of the Month: Time Allocation in Finance

“The consequences of not spending time wisely underscore the importance of working toward an appropriate balance that helps drive the business forward. It’s incumbent on companies — finance teams in particular — to have an honest look in the mirror and recognize their own inefficiencies in these areas. Working to address them, as many companies have done with transaction processing, leaves more time for investment in more value-added activities.”

Read More at CFO Magazine >

CFO Journal: What’s on Your Transformation Risk Checklist? Part 2

In finance transformations, CFOs have a strong chance to effectively identify and manage existing risks.

Here’s part two of the list:

5. Ineffective planning and alignment processes

6. Behavioral resistance to change

7. Black swan and other contextual risks

Read More at CFO Journal >

McKinsey: Solving the digital and analytics scale-up challenge in consumer goods

“In the early days of digital and analytics transformations, companies prioritized individual use cases, largely in the commercial functions, based on feasibility and impact. To support the highest-priority use cases, companies then established a set of broad-based enablers—for instance, a data lake, a technology stack, and a technical organization that housed all newer talent profiles, such as data scientists. In theory, these enablers would meet the needs of the entire enterprise. In practice, however, generic enablers rarely meet specific business requirements. Successfully scaling up digital and analytics efforts thus requires a different approach: one that prioritizes fully enabled domain transformations rather than unrelated use cases.”

Read More at McKinsey Digital >

CFO Journal: What’s on Your Transformation Risk Checklist? Part 1

In finance transformations, CFOs have a strong chance to effectively identify and manage existing risks:

1. Making the wrong transformation choices

2. Resource risks

3. Leadership commitment and continuity

4. Third-party or agency risks

5. Ineffective planning and alignment processes

6. Behavioral resistance to change

7. Black swan and other contextual risks

Read More at WSJ >