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Operational Finance in the Age of Covid-19: Time to Change the Basics?

Jet Global

Covid-19 has had a hugely disruptive impact on operational finance. The term ‘operational finance’ encapsulates the critical activities associated with order to cash, procure to pay, fixed assets, close, consolidation, and reporting. Invariably, these activities have seen added stress in 2020. But there’s a balance to be struck.

Finance 98
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How Your Finance Team Can Lead Your Enterprise Data Transformation

Alation

Because of the criticality of the data they deal with, we think that finance teams should lead the enterprise adoption of data and analytics solutions. And while some might see finance as the most conservative department in an enterprise, we believe that they can become innovators, driving how their business consumes and uses data.

Finance 52
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You Can’t Regulate What You Don’t Understand

O'Reilly on Data

If we want prosocial outcomes, we need to design and report on the metrics that explicitly aim for those outcomes and measure the extent to which they have been achieved. If every company had a different way of reporting its finances, it would be impossible to regulate them. There is no simple way to solve the alignment problem.

Metrics 284
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Lack of Time for Analysis, Adoption of New Technology and Data Limitations are Top Challenges Facing Finance Teams, According to insightsoftware Survey

Jet Global

. – May 11, 2021 – In the early days of the pandemic, cash flow management took center stage for many businesses and risk management continues to be a priority this year as business leaders depend more than ever on finance teams for decision-making support. Finance Team’s Role & Challenges. Two-Year Priorities.

Finance 98
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Top Five Financial KPIs for Utilities Industry

Jet Global

COVID-19 introduces another level of uncertainty. Therefore, decision-makers need to track this metric constantly (ideally in real time) rather than getting weekly, daily, or even hourly updates. Lenders use this metric to inform financing decisions, which many utilities will need in the coming years to cover new construction costs.

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Top Five Financial KPIs for the Construction Industry

Jet Global

Now that every industry is facing a prolonged period of uncertainty, having access to accurate, up-to-date information is more critical than ever. With so much uncertainty on the horizon, everyone in the construction industry needs to be at the top of their game , especially in terms of finance and accounting. Bonding Capacity.

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Exploring the CFO’s Role in Business Continuity

Jet Global

Frequent updates based on real-time data provide an up-to-the-minute view of key metrics. Clear visibility to key metrics keeps the team focused and encourages clear, concise daily communication. Cash is still king, so if liquidity could be a challenge for your business, make it one of your key metrics.