The Ledger
Curated content foranalytical business leaders
CFO Magazine: The CFO’s Role in Building Data-Driven Workflows
January 12, 2023
“Some teams utilize a financial planning tool that aggregates data from various systems, such as accounting ERP systems, customer relationship management databases, human resources systems, and customer success systems. This provides holistic visibility into key financial and operational metrics of a company.”
CFO Journal: How Companies Can Build Value in a Downturn
January 10, 2023
“Improve enterprise resilience through assessment of existing capacity to sense and respond to changing market conditions. Considerations for scenario planning might include consumer sentiment and spend, demand sensing, and supply chain planning.”
CFO Magazine: A CFO Action Plan for 2023
January 10, 2023
“CFOs should strengthen their supply chains in the year ahead, carefully analyzing them end-to-end to identify potential weaknesses and opportunities. Identify critical suppliers, build relationships with them, ensure they have scale, and designate alternate sources where needed. Engage key customers in joint demand planning, gaining commitments for short-term requirements. Invest in preventive maintenance programs to minimize unplanned downtime. Implement cycle counting for raw materials, finished products, and spare parts to ensure complete visibility. And, in general, monitor your supply chain risks and react accordingly.”
CFO Magazine: Cycle Time for Short-Term Cash Forecasting: Metric of the Month
January 6, 2023
“If your team is still forecasting manually with spreadsheets, there’s a good chance you will see dirty data and errors that require rework. Those will add to your cycle time. Automated forecasting tools on the market today can pull in finance data automatically from a banking source or from the general ledger. Creating a template that automatically populates the data you need can cut down on the time that you would otherwise spend finding and keying in that data manually.”
