CFOs are continuously tasked with ensuring that all areas of the business are running at peak performance, and technology and data are critical to benchmarking their efforts. Leveraging data to identify new opportunities as well as improving existing processes is essential to the role of the modern CFO. Here are five stories to help CFOs discover how their organization’s performance stacks up against its peers.
Who is responsible for profitability? Increasingly, concern about managing a company’s profit margin is no longer confined to finance and the C-suite, but is shared across the enterprise. For this reason, finance teams feel a growing responsibility to serve up the timely data and targeted insights that can help businesses meet profitability targets. Read more.
Business data has also assumed an increasing variety of forms in recent years and it resides in multiple places. As it grows in volume and complexity, enterprise data becomes increasingly difficult to decipher for the insights needed to manage a company to its highest potential. Read more.
In addition to looking to CFOs for the traditional responsibility for managing costs and driving operational efficiency, CEOs are relying on them to provide strategic direction, including planning growth and ensuring the right balance between organic growth and acquisitions. Read more.
Given the cost pressures and technology disruption most industries are facing, there is an unprecedented need for nimble decision-making and execution that IT needs to drive, not simply participate in. Developing an IT business that is dynamic and nimble results in a boost in both top-line and bottom-line performance. Read more.
According to SiriusDecisions, reps spend on average 2.5 hours per week and managers 1.5 hours on forecasting. Luckily, there’s plenty CFOs can do to build a more accurate sales forecast. Read more.