As we well know, there are risks inherent in almost every major business decision. Even if decision-makers opt out of an opportunity because it seems too risky, that decision in itself can still be hazardous. Being too timid could lead to things like new markets not being pursued, new products not being developed or allowing competitors to gain the advantage. Therefore, it's crucial to have a detailed, data-backed strategy in place to measure and reduce risk.Read More
"Big data” (a buzz word) is a term that more and more businesses know. It's essentially a term that signifies large and complex amount of data sets — structured and unstructured — that are notoriously hard to process and analyze with traditional applications. What's important isn’t the quantity but what organizations DO with “big data”. A major problem with big data (or data in general) is that companies are not focused on analyzing data for insights; they simply don't know where to start or what to do with it!Read More
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.Read More
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.Read More
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.Read More
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.Read More
According to a Gartner study, 45 percent of CIOs report directly to the CFO, rather than to the CEO or COO of their company. This can lead to conflicts, as CFOs don't always understand the needs of the IT department. The following tips can help you diffuse tension between your CFO and CIO.
Focus on ROI
The first question any CFO will ask about an IT project is "What's the return on investment?" CIOs can sometimes overlook this vital piece of information because they focus instead on the technical features of a new solution. Training CIOs to always work out the predicted ROI of aRead More