Execution Management (and the Vital Role of FP&A)

Deciding to do something, and actually doing it, are two different things. Execution management is about closing the gap between deciding and doing; between talk and action. We’ll get into more of the mechanics later, but from a process perspective Execution Management integrates business planning with project management, reporting, and pay-for-performance. In a nutshell, it tightly integrates every aspect of the Plan-to-Perform cycle.

Quantifying Entertainment

In the minds of industry executives, there’s no doubt that big data can be a powerful resource for predicting what content will succeed, and even for creating new content that has the attributes for success baked in. But all companies involved in making, selling, and promoting movie and TV content face a similar conundrum as they seek to combine new sources of data with primary research: how to harvest the unprecedented volume and richness of consumer data while separating out the noise, and how to use the insights to make content more compelling, reach desired audiences, and ultimately contribute to profitability?

How Can Advanced Financial Management Systems Make You A More Strategic CFO

For decades, financial managers have pieced together and manipulated spreadsheets in order to report on past data and maintain the financial integrity of their businesses. Sure, if they had time, they could use these primitive tools to attempt to identify trends and offer insights. But this effort was ridden with information silos, dirty data and outdated numbers.

Fortunately, times are changing.

The Crisis of Competency in Accounting and Finance

The roles of today’s accounting professionals are being reinvented, requiring new skills far beyond audit, tax and compliance competencies.

The finance function is a key part of business strategy, but many professionals don’t learn the skills needed to develop strategy, inform decision making, or communicate with influence. “Accountant” remains one of the hardest jobs for employers to fill, and 50 percent of finance executives can’t find staff with the right skills. This talent gap is, in fact, a crisis.

This “Competency Crisis” has gone unsolved for decades, and it’s affecting businesses’ operations potential for future growth. The problem has been studied at length by academics and professional accounting organizations. A variety of factors, including a narrowly focused accounting curriculum and lack of on-the-job training, are part of the problem, but clearly, there is no silver bullet that will make accounting and finance professionals excel at a global level.