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.
The role of CFOs has evolved significantly over the past decade. In addition to traditional finance functions, today’s CFOs are also responsible for driving innovation, implementing digital solutions, and improving business performance. As the business world continues to become more digitally focused, CFOs are required to lead the charge in driving digital finance transformation.
In this CFO Talk Andy defines the business focused finance leader and describes the qualities that make a business focused finance leader.
Andy highlights how the qualities of business acumen and leadership ‘sit on top’ of the tools and techniques that make up our expertise as financial professionals.
