Finance teams are taking on new challenges and responsibilities in light of the uncertain economic climate that surfaced in the wake of the global pandemic, supply chain disruptions, price inflation, and the wholesale workforce exodus known as the “Great Resignation.” Now more than ever, organizational leadership is looking to the Office of the CFO to be a strategic partner in building an overall business strategy.
As the strategic role of finance teams continues to evolve, the Office of the CFO faces many new responsibilities. Resource allocation, however, does not always grow in tandem with those responsibilities, leading to scalability challenges for finance teams tasked with doing more with fewer resources.
We all want better business cash flow and we want it yesterday. You can’t plan for emergencies, geopolitics, or sudden problems that you have no control over. But you can mitigate risks of business cash flow problems by having the right tools at your side. Business cash flow planning can get you out of a jam and save your company. Take a look at our ultimate guide to business cash flow planning highlighting.
Operational reporting is an effective, results-driven means of tracking, measuring, and analyzing your business’s regular deliverables and metrics. These dynamic reports offer invaluable insights into various logistical aspects relating to your organization’s activities across the board. They’ll help you make swift, informed decisions, save time and money, spot emerging trends and formulate initiatives that will improve the day-to-day operations of your business.
If there is a job synonymous with numbers and data, it’s finance and accounting so you’d be forgiven for thinking that those working in these roles are, by extension, data literate – with the ability to read, work with, analyze and communicate with data. In fact, this is the lie. There is a very big difference between reporting on data and taking informed action using the insights data can provide.
Data discovery, also known as data analysis for business users, is one of the top business intelligence trends for 2022. Let’s take a look at how industries like yours are making use of data analytics tools to find patterns and derive insights from data. You just might be surprised at the innovation spanning each sector.
Tax teams are taking on an increasingly strategic role within today’s businesses. However, given the rapid pace of change, many executives are still unaware of the untapped strategic potential within these teams. Watch Now: Tax reporting in a changing world Some organizational leaders may still view the tax department as a group of technicians – specialists responsible for tracking changes in the law, calculating tax liability, and filing the necessary paperwork.
