The Ledger
Curated content foranalytical business leaders
CFO Journal: Automated Financial Forecasting Built on a Foundation of Data
August 2, 2022
“The effort requires CFOs to take an end-to-end approach to data management, process design, and talent—at the same time. Integration across all three is critical to really enabling automated, real-time financial forecasting. The prize is the ability to produce forecasts on-demand, leaving behind an environment where it takes so long to build quarterly forecasts and annual plans that key drivers may shift, impacting the forecast.”
SF Magazine: Digital Skills of the Future
August 1, 2022
“As evidenced by these skills, there will be a need for deeper technical skills in data governance, data privacy/security, process modeling, and application development/testing, especially when integrated with traditional finance skills like revenue generation and cost-efficiency management. A willingness to continually remaster these digital skills as technology changes, along with the ability to clearly articulate the value of the complex interactions between finance and technology, will position the management accountant for continued career growth and success.”
CFO Insights: Mastering Data for Better Insights—and Competitive Advantage
July 28, 2022
“In some industries, digital technologies have already reshaped certain aspects of how the finance function conducts business—lowering operating costs, effort, and risk while increasing the analytic value and transparency of financial data.”
FP&A Trends: The Future of Business Modelling
July 25, 2022
“In most companies relying on Excel-based solutions, Excel is doing everything: it functions as the database, the calculation engine, and the analytical tool, sometimes all within one workbook. This approach is resource-intensive and eventually becomes unsustainable. And while Excel is an excellent tool for spreadsheets, financial modelling, and provides FP&A with much-needed agility, it’s not effective for sophisticated FP&A processes such as data consolidation, repetitive reporting processes, drill-downs, and comparison analysis (such as scenario comparisons). A technology solution is needed to unlock additional power.”
