One of the common hurdles companies face when digitalising their performance management processes, is starting with ‘messy data’. Cleaning it up seems like a daunting task; tearing up systems, disrupting business as usual and above all, costing time and money. It’s not difficult to see why operational transformation projects fail to get off the ground.
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In the new world of data-driven business, a key challenge for CFOs is to determine what data to focus on and what to ignore. Where can you discover insights, and which information is just background noise?
These tips from four finance experts can help you maximize the usefulness of your data and make more effective use of your time.
Continue reading “Data “Do’s And Don’ts” For CFOs”
Big data has meant chief financial officers are investing in smart software which can increase their effectiveness and standing with the board.
The explosion of data in companies has left many chief financial officers (CFOs) struggling to manage the information. The result has been a surge in finance chiefs implementing business intelligence and analytics tools to help them address the issue. But these tools bring many challenges and opportunities that are forcing CFOs to redefine their data strategies, skills and mindset.
Continue reading “How CFOs can make the most of business intelligence”