For many people, plan-do-check-act (PDCA) is a familiar concept; the iterative four step management method is widely used and has currency with lean methodologies. One advocate of this approach is David Moore, General Manager Finance & Operations at Suntory Australia.
I was recently dragged through the LEGO movie. I must have had corporate performance management technology on my mind because apart from being an overwhelming experience, the plot reminded me of the different technology options available to businesses. You’ve got to worry!
Current SunSystems users may not be aware that they are sitting on an extremely comprehensive reporting, analytical, budgeting and planning capability and potentially not utilising it.
Most finance teams engage in a regular and elaborate dance known as the period close. This involves the synchronisation of many steps to consolidate, validate and report financial data across the enterprise. The smart CFO strives for a faster and smoother close.
How good would it be if, from a business and finance perspective, you were able plan with greater confidence?
The National Disability Insurance Scheme (NDIS) scheme is here and it is rolling out in pilots across early adopter community services organisations. The NDIS introduces patient-based revenue model has implications for your performance management.
The role of the finance department and, in particular, the CFO is changing fast. Against a backdrop of rapidly evolving technology, business leaders are expecting more from their finance executives.
As the tsunami of “digital transformation” crashes over the world how does a CFO harness and channel it into the boardroom? How does a CFO develop a digital mindset?
Traditionally a key role of the finance function is in management control and external reporting. However, the role of the finance function performing management control is no longer sufficient.
Recently I went to a great workshop run by Les Barnett on ‘The real measures of corporate performance’ at the Institute of Chartered Accountants event. The theme of the day was business planning and the use of drivers to set up an integrated performance management framework.
