Why Smart CFOs Pay Attention to “Non-Financials”
Accounting does not show how value is created….
How Does Your Finance Team Stack Up? Benchmarks Can Help You Find Out
Like most of us, I try to exercise as regularly and eat healthily. However, I’m also very good at rationalization. Skipping a workout today won’t matter much. I’ll run an extra mile tomorrow. Pizza for lunch? No problem. I’ll cut down at dinner. But unchecked that can lead me to a place I don’t want to be.
Is Your Finance Organization a Top Performer?
According to a recent survey by industry research and benchmarking firm, APQC, top performers’ cost of finance is almost three times lower than bottom performers.
View key benchmarks and findings below.
Metric of the Month: Accounting Costs Vary Widely
True or false: The typical large, corporate accounting operation has been cleared of waste and inefficiency. According to APQC benchmarking metrics, a lot of flotsam remains. And this is despite a decade of cost reduction campaigns by CFOs and controllers.
What gives?
The Sustainability Index: How to Tell if You’re Getting Greener
Sustainability is no longer something found in only a handful of environmentally conscious companies. The health and performance of organizations today is judged by how well they take care of the planet as well as how well they take care of customers, employees and shareholders. Forward-thinking companies are also measuring and managing sustainability as another key performance dimension.
2012 Forecasting Performance Objectives
Forecasting performance objectives are usually set in one of three ways:
1) Relative to “best-in-class” industry benchmarks.
2) Improvement over prior year performance.
3) Arbitrarily – based on what management wants or needs to happen.
All three are wrong.