The Ledger
Curated content foranalytical business leaders
Automation World: Practical Advice to Increase Manufacturing Profitability
November 11, 2020
“With small and mid-size manufacturers, there is a tremendous need for accountants to move beyond financial reporting and budgeting for control to help every area of the business understand and improve the monetary impact of operations on profitability—whether it is in manufacturing, warehousing, marketing/sales, or personnel. The function most often missing from the accounting repertoire is creating information for internal decision support. Why? First, because it is barely taught in accounting curricula; and second, because most accountants start out in auditing and auditors don’t care about internal decision support, only external financial reporting.”
SF Magazine: Tech Trends to Watch
November 10, 2020
“The rate of change in technology today is exponential. The future will only get faster. Faster, better, and cheaper technology solutions will always be there to distract you. Resist the temptation and the hype; this helps you avoid the trap of buying new technologies because “everyone else is doing it.” Not only can it be costly if you have to rip and replace systems, but it can expose your organization’s priceless data and systems to great risk.”
CFO Dive: 4 cost management mistakes for CFOs to avoid in 2021
November 9, 2020
Gartner analysts highlighted four of the most common mistakes CFOs make as they narrow their focus on cost optimization amid a prolonged economic downturn:
- Making blanket cuts with unrealistic targets
- Failing to sustain behavior change
- Slowing down the organization
- Choking off innovation
CFO Journal: Medtronic CFO: The Role of Finance in Crisis Response
November 8, 2020
Finance plays a crucial role. Along with the CEO and our business unit leaders, our global finance organization is a strategic partner in developing and ensuring strong execution against our longer-term strategy. Strategy needs to be tied closely to investments, financial planning, and forecasting, so our finance teams have a natural connection to strategic planning and execution.
