What’s a finance leader to do?
If you believe the hype, automation and AI are flipping finance departments on their heads. But the reality is that many finance teams are struggling to implement the digital practices and data-enabled tools that could turn their departments into an efficient creator of strategic value and insight, not just another cost-centre to be optimised, trimmed, and outsourced.
Continue reading “How can finance leaders get started with data-enabled digital transformation?”
“While good at engineering balance sheets, they are poor at engineering products and innovations. Is this true? The world is about to find out.” says Rich Karlgaard, Forbes
Continue reading “Why Tech CFOs Could Make Great CEOs”
Back in May 2019, the market told us what Thomas Cook accountant’s and financial reports were not prepared to say, “According to Citigroup, Thomas Cook’s tour operations and airline are worth £738m, but its debt is around the same “and implies zero equity value”.
It was effectively worthless, and so were the financial reports that went with the “material uncertainty” statement and £1.5bn half year loss.
So is this the death knell for traditional financial reporting, or do we carry on regardless?
Continue reading “Why the end of Thomas Cook is one step closer to the end of Accounting”