The Ledger

CFO Journal: Medtronic CFO: The Role of Finance in Crisis Response

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.

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Industry Week: What Makes a High-Performance Organization?

“The process for developing a high-performance organization requires measurement. If you value something, then it should be measured. If you think that measurement is unnecessary, then you do not place much value on the activity.”

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SF Magazine: Change Your Approach to Finance Strategy

“We used to spend a lot of time analyzing historical data to in­form business planning; we’ve now switched to a predictive approach to financial planning, looking at a wider range of key indicators such as sales pipeline data. This allows finance professionals to help senior management project what’s likely to happen and make better decisions through the use of real-time data.”

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CFO Magazine: Preparing for an Uncertain Future Requires Agility

There are several roadblocks to a full-fledged commitment to finance digital transformation. Some of those include:

• Legacy platforms make significant cross-functional changes difficult to execute
• Little or no resources committed to reskilling
• Inadequate change management processes
• Difficult to perform cost-benefit analysis because there aren’t always hard-dollar benefits

Read more at CFO Magazine >