Remove Forecasting Remove Leadership Remove Manufacturing Remove Strategic Planning
article thumbnail

Strategic Planning Components for CFOs to Keep Top-of-Mind

Planful

But not every CFO thrives in the strategic planning side of their role. ” A McKinsey survey also indicates a gap between “the leadership that CFOs currently demonstrate and what other business leaders expect of them.” Many finance leaders confuse financial planning with strategic planning.

article thumbnail

How does Uncertainty affect a CFO’s Role?

CFO Selections

Rising inflation, COVID surges, interest rate hikes, a dramatic increase in the cost of living, the war in Ukraine, and a potential recession all have business leadership mired in a constant state of uncertainty. From professional services and hospitality to tech and manufacturing, uncertainty is taking a toll.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What is reforecasting?

Centage

For the finance team, reforecasting (sometimes called budget reforecasting or financial reforecasting) is the best mechanism for effectively managing changes in strategic planning throughout the budget year. There is no question of the value that budgeting and forecasting provides an organization. What is budget reforecasting?

article thumbnail

Do CFOs Add Value to your Business?

CFO Simplified

Strategically plan for the company’s future . If you hired a consultant who has worked exclusively with 20 manufacturers in your specific industry and they’ve given the same advice to every single one of those 20 companies that are competitors of yours: . Evaluate the company’s past financial performance. A final word.

CFO 52
article thumbnail

Those Who Have Knowledge, Don’t Predict

Focus CFO

Turning Goals into a Strategic Plan. A long to-do list or a list of goals is not a strategic plan. Businesses that set goals and try to hit them without an overarching strategic plan can end up wasting resources, pulling their teams in too many directions, and thwarting their own expansion efforts.

article thumbnail

The need for speed

Jedox Finance

What does better adaptability through automation in strategic planning look like out in the wild? Businesses can leverage their expertise in programs already in use like Excel to design, implement, and manage a solution that can efficiently forecast and plan initiatives at scale. Gone are the days of scattered data.

article thumbnail

Change Management: The Modern CFO’s Blueprint 

CFO Talks

Identifying Strategic Priorities The process begins with a thorough analysis of the current financial landscape and an evaluation of emerging technologies, like AI, that can significantly enhance operational efficiencies. Fostering Commitment to Change True leadership is shown by example.

CFO 52