As 2017 starts to unfold, one thing is clear: the future is uncertain and unpredictable. The populist political changes sweeping Europe and America are indisputably changing the business environment and no one can be certain of the outcome. Financial technology is evolving rapidly as the cloud, big data and the Internet of Things (IoT) are transforming from fringe into mainstream technologies.
Trump’s election victory, coupled with Republican control of both houses of Congress, means we are likely to see a strong and decisive start to his presidency, with tax reform high on the agenda.
In the last decade, we’ve seen the role of CFO increasingly take on more responsibilities and move away from just sorting out the finances. 2017 will be no different, with your leadership and decision-making tested by many issues.
We’ve highlighted four significant issues you’ll need to deal with in 2017.
A recent blog post by Ira Apfel on SAP's Digitalist Magazine discusses how the role of Financial Planning and Analysis (FP&A) roles are headed toward Integrated Planning (also referred to as Integrated Financial Planning or Integrated Business Planning).
In many organizations – even very well-run ones – there often seems to be an innate strain between the Chief Financial Officer (CFO) and the Chief Supply Chain Officer (CSCO). While many companies try to gloss over the differences, others take a more direct approach to resolving the situation.
It may seem like yesterday to some old timers, or just the distant past to more recent newcomers, but spreadsheets haven't really been around for that long. In fact, for all practical purposes, the first one (Excel) was only introduced in 1985. Since then, Excel itself has evolved, and dozens of new competitors have entered the marketplace.
Originally a simple organizational resource, spreadsheets rapidly evolved into heavy-duty analytical tools now know as Enterprise Performance Management (EPM) solutions – and that evolution has still not stopped. Still, the simple(?) spreadsheet remains a valued tool in the office of finance.