With all the flux in the economy - inflation vacillating or supply chains shifting or sales plummeting or interest rates rising or banks collapsing there is a lot for the CFO to worry about.
All impact product pricing, which has become an important area of focus for many companies.
Last year Prashanth’s FInEx Talk was on data management.
He shocked us all when he explained that data’s steady state is a liability. It must be crafted and managed to convert it to an asset.
Fortunately, he shared with us three attributes that must exist to make data an asset. He kicks things off in this CFO Talk by reviewing what those attributes are.
Enjoy the CFO-centric pearls on data and analytics that Prashanth readily delivers to our community. He is a globally renowned expert in this space.
Finance automation is crucial for businesses to streamline financial processes and gain valuable insights into performance. Real-time data analysis, a key benefit of finance automation, enables informed decision-making and swift responses to market dynamics. A McKinsey report highlights that companies utilising consumer data for behavioural insights surpass competitors with an impressive 85% higher sales growth and 25% greater gross margin.
We polled our community to determine, What Type of Variance Analysis Creates the Most Potential for Insight. The results weren’t surprising but the margin was.
Every trade and every industry has a strategy to help ensure success. For carpenters and tailors, there’s the old adage, “measure twice and cut once”. For businesses, the path to maximizing your likelihood of success lies in taking the time to do a full and proper assessment of your business systems, people and practices.
