Advances in technology are helping the finance function reduce operational costs, streamline processes and improve productivity. Thanks to automation, tasks that used to take months to complete are being completed in weeks and those that took weeks to accomplish are getting done in days. For instance, advanced analytics and robotic process automation are shortening the […]
Risk is an inherent element of the business. Given that every business activity or decision has a risk consequence, a business should not expect to operate and progress by making risk an afterthought. Technological advances, evolving customer expectations, volatile markets, global political instabilities, shifting demographics and natural disasters are impacting business models and forcing organizations […]
In one of my articles, Finance Transformation: From Efficiency to Effectiveness, I recommended CFOs to first identify a business problem before investing in a new shiny piece of technology. Today, there is so much talk about digital transformation and the immense potential of new technologies to drive business performance. With a plethora of tools available on the […]
Most companies do not deploy Key Performance Indicators (KPIs) rigorously for review or as drivers of change. This is the overall finding from a recent survey report, Leading With Next Generation Key Performance Indicators, published by MIT Sloan Management Review. The report is biased towards Sales and Marketing functions. Changes in the business environment such […]
One of the key financial metrics constantly measured and monitored by the business is the level of profitability growth. For any company, profit and positive cash flow, are both critical and with a company that does not initially have investors or financing, real and not paper profit may only be its capital. Without sufficient capital or […]
Transforming finance into an effective function capable of helping business teams execute strategy more effectively, make informed risk decisions and drive business performance isn’t just about new technology, shared services centres and centres of excellence. As much as anything else, it is about changing old habits and behaviours. Redefining the role of finance in the […]
The only thing right about a forecast is that it’s wrong. This unavoidable truth is particularly evident in business today. Businesses are grappling with high levels of volatility, uncertainty, complexity and ambiguity. Increasing regulation, competition, geopolitical tensions, ever changing consumer preferences and a shift in economic powers are making it difficult for finance teams to predict […]
These days there is an increasing number of articles, reports, podcasts, vblogs, eBooks etc. being churned out on the evolving role of the CFO. Though these publications and postings are worded differently, they all share one common message – Today’s and future CFO should be less of a number cruncher and more of a strategic […]
Part IV Getting After It: Take the Next Step and Make Your Investment in AI If you haven’t had a chance to read Part I – Leveraging AI in the CFO Suite, Part II – The Benefits of AI and What You Will Need to Make It a Success and Part III Where to Invest in AI, How to […]
Part III Where to Invest in AI, How to Measure the Financial Impact and Select Projects If you haven’t had a chance to read Part I – Leveraging AI in the CFO Suite and Part II – The Benefits of AI and What You Will Need to Make It a Success yet, please do so before continuing on. Where […]
Performance Management | Peter Chisambara | 
October 19, 2018 | 
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