Perfecting the Close: Back to the Basics with Reconciliations
This instructional video covers why account reconciliations are critical to running a well-managed business and how you can get there.
Critical Data Elements – How to Implement Them for Your Business
Recently, the concept of critical data has caught the attention of data management professionals. I myself was no exception, so I decided to dive deeper into this subject and do some research. In this article, I would like to share some results of my research and my experience with:
- …definitions of critical data and critical data elements (CDEs)
- …reasons to use CDEs
- …key challenges with CDEs in practical implementation.
Business partnering between Finance and Data management through driver-based modeling and data Lineage
Recently, I have encountered a lot of discussions within the FP&A community about business partnering. The challenge in such discussions is to move from the theoretical reasoning into practical execution. In this article I will highlight one area where cooperation between FP&A and Data management professionals can deliver mutually beneficial results.
A Step-by-Step Guide to Doing an Internal Audit of Your Supply Chain
While all facets of the modern business are important, arguably the most important to any retail, manufacturing, or goods-based service is their supply chain. The supply chain serves as the backbone of these companies and has a significant impact on the company’s business strategy which directly affects its operation and operational costs.
How the CFO Can be a Change Agent in the Supply Chain
Managing cash flow, planning the financial outlay, keeping the balance sheet in order, and ensuring all financial compliances are met are some of the core responsibilities of a CFO. The CFO is also responsible for identifying opportunities to reduce operating costs without sacrificing the quality of the products and services offered by the company.
