Technology Trends: Forecast of Top Finance Trends in 2017

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.

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CFOs: Prepare for Trump's Corporate Tax Reforms

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.

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Top Four Issues Facing CFOs in 2017

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.

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Syncing Financial And Non-Financial Data

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).

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CFO and CSCO: Better Together

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.

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The Future of Spreadsheets in the Office of Finance

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.

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How To: Diffusing the Tension Between CFOs and CIOs

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 a

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2016 Brings CFOs in Favor Integrated and Continuous Planning

If you’ve ever traveled over the holidays, you can relate to the disarray created when supply and demand are disrupted by external forces. It's no secret that, in the world of business, there are hundreds of variables that are difficult to predict in advance. Furthermore, many unpredictable variables can significantly impact a company's bottom line.

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The Analytics Plans for CFO and Senior Finance Executives

Those paying attention to the IBM Insight 2015 conference in Las Vegas heard quite a bit about the future of analytics and applied data. For many, though, you may have missed takeaways that didn’t focus on particular solutions, software, or outlooks for years to come. Today, we’re going to touch on a survey conducted by IBM’s Center for Applied Insights that we found particularly interesting and relevant. Specifically, they conducted a survey which focused in on the role of analytics in the way forward-thinking CFOs and Senior Finance Executives are making decisions and improving bottom lines.

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Why do Integrated Business Planning Initiatives Fail?

Back in September, River Logic was a sponsor at the IE Group S&OP Innovation Summit in Boston, MA. During the event, one of River Logic's customers, Cox Industries discussed how they true Integrated Business Planning at their organization using River Logic's Enterprise OptimizerTM.

EO integrates financials as an input with demand and supply planning, allowing Cox to represent their business holistically. Because of this, their end-to-end planning is fully optimized — it avoids the assumptions and rule-of-thumb based approximations that are commonly relied upon in companies that claim to implement IBP but, in fact, do not. Cox's business plan is able to reflect actual operations and drives accurate, predictable financial results for the company.

Please click here to download the full case study on Cox Industries.

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