Clean data is good data. There is no doubt about that. Every executive worth their salt knows better decisions stem from accurate and timely information. When information isn’t current, relevant and precise then the decisions arising are either lucky or bad.
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.
In a recent gathering of CFOs one brave individual shared their pain. It was a familiar theme I have seen played out many times. The issue they faced was the relentless number of requests for a business forecast.
If you’re a typical finance professional, only about 30% of your productive work is carried out using your accounting software. This means there are a lot of emails, phone calls, spreadsheet work and other tasks that are taking up most of your time and energy. Not great.
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.
Will spending more on improving your system’s processing efficiency be a major factor in improving your decision making?
The word transformational is being used a lot lately in the business world. I spoke at the recent CFO Symposium which was themed The Transformational CFO. It’s made me think about what it really means in the context of a business. What does it look like?
I just spent a great three days at the ICAA Business Forum in Melbourne. As an accountant myself who has turned to the world of IT, I was interested to see how far along many accountants are on the road to using business intelligence (BI) and planning software tools.
I’ve been a close observer of the role of the CFO in organisations. I work daily with CFOs and I enjoy the various published reports of the future of the role.