The Ledger
Curated content foranalytical business leaders
FP&A Trends: Optimising Budget Efforts with Modern Processes, Mindset and Tools
December 15, 2022
“Calculating one budget scenario is already an extensive and complex exercise, considering the re-calculation of cost and profit centres, legal entities, business divisions, and other parties involved. Therefore, calculating scenario-based budgets to return a landing range of profitability will require powerful ERP and BI tools to process the quantity of data.”
FP&A Trends: FP&A Integration: The Winning Formula
December 15, 2022
“You need unified performance measurements that align the strategy, the operational, and the financial plans. But as Garrett pointed out, companies don’t always have this information at their fingertips. Different information is likely pocketed in various parts of the organisation and, perhaps, disparate systems. By pulling all of that together and sharing the information, everyone has a better-informed basis for optimal decision-making.”
CFO Magazine: Only 27% of Businesses Can Forecast at Scale With Data Analysis Tools
December 15, 2022
“Dependency on data, and the accuracy of that data, is pivotal for any organization. But in a recent research report from insightsoftware, less than a third (27%) of organizations said a majority of their users can forecast at scale using current data analysis tools. As dependency on data increases in all industries, low confidence around that data may result in less reliable business forecasts.”
CFO Dive: For CFOs Rethinking Growth, Profitability, Data is Key
December 14, 2022
“Upping investments in digital capabilities is one move CFOs could take that could potentially aid them in making the shift to a more balanced model. Many CFOs are already viewing digital investments as a key goal; an October study by the Everest Group found 70% of CFOs agreed implementing digital technologies that could improve efficiency, effectiveness and stakeholder experiences was now a top priority, for example.”
