CFO Must-Reads: Week of 10/19

Adaptive Insights, cpm software, corporate performance management, business intelligence, financial planning, financial budgets, financial reporting With the release of the Adaptive Insights CFO Indicator Report Q3 2015 this week, we gained critical insights into what CFOs across the globe find to be their biggest challenges in an increasingly data-driven world. Data integrity and access to that data are important factors in enabling today’s CFO to make strategic and accurate business decisions, driving many to define a single source of truth, and break through the barriers that are creating “data silos” throughout their organizations. Moreover, as today’s CFOs work to gain greater insights into their businesses, their roles within the organization are also expanding and changing. Our articles this week touch on these topics, including the CFO’s growing role in an organization’s security IT strategy.

1. Defining a Single Source of Truth

Data drives decisions. At the same time, inaccurate or incomplete data may drive the wrong decisions, and decisions that can be catastrophic to your business. By defining a single source of truth—the one source of data that everyone in the company agrees is the real, trusted number for operating data—CFOs can gain valuable insights into their business. Learn more about the journey some CFOs are taking in their quest to find a single source of truth. (via Business Insider)

2. Beware of Starving Your IT Security Budget

With cyberattacks on the rise, today’s CFOs are being told to look carefully at the decision-making process when it comes to funding security IT budgets. With many CIOs reporting to CFOs, the security investment decision is often left solely to the CFO. Learn how to evaluate the risks and rewards of your security IT investments. (via CFO.com)

3. How the CFO Role is Evolving

As the business world changes, so too does the role of the CFO. During a recent webinar, Adaptive Insights Founder and Chairman Robert S. Hull addressed more than 700 finance directors, analysts, and CFOs, presenting a three-phase finance transformation approach. A well-defined process, strong communication, and collaboration with people across the organization and expanded access to critical data will be key to success. Read this post to learn more about how CFOs can operate in a changing business world. (via Adaptive Insights blog)

4. Why Every Aspect of Your Business is About to Change

How easily your business adapts to a changing world and circumstances will determine its success. The “friction-free economy” is a new world in which labor, information, and money move easily, cheaply, and almost instantly. Find out what defines a true 21st century company. (via Fortune Magazine)

What indicators should you review to determine the future direction of the economy and your business? Read the full CFO Indicator Q3 2015  report and see how 435 global CFOs are looking at data, KPIs, and 2016 planning across their organizations.

 

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