Transform financial processes
The role of the chief financial officer has changed in recent years. The office of finance is no longer relegated to running reports and measuring results against key performance indicators. Today’s CFO plays a leading role in strategically funding the strategies and operations of the business, and in selecting the KPIs that help organisations focus and drive to success.
In fact, when asked to rank the importance of all their activities, respondents to the IBM Global CFO Study cited “providing inputs into enterprise strategy” as number one. To effectively contribute at this level, the finance team must have access to real-time performance data and the analytical capabilities to support more integrated planning and forecasting.
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Crucial to the CFO’s effectiveness in the boardroom is the ability to measure and monitor financial and operational business performance, anticipate gaps in that performance, analyse root causes and quickly assess alternatives—with insight and confidence.
Financial crises put increased pressure on finance leaders to be vigilant in the areas of accounting and compliance, while assuming larger roles in guiding the business. Enterprises demand greater breadth, depth and speed of insight—and Finance shoulders the burden.
Identifying what drives institutional success can lead to smarter decision making. You need to glean insight from essential tasks like variance analysis, scenario modelling, what-if analysis and analyses of your revenue streams, profit margins, cash flow and the full range of variables affecting financial performance.
Drive enterprise agility and make better decisions
Dynamically align resources with profit and growth opportunities to maximise performance achievement.
Forecasting and planning
Create plans and forecasts based on both historical trends and insights into what is most likely to occur in the future.
Make more effective decisions that drive revenue growth, improve operational efficiency and increase return on investment.