Explore the latest strategic trends, research and analysis Over the past decade, digital technologies have transformed whole industries, ushering in the Fourth Industrial Revolution. Social media platforms and on-demand streaming services from start-ups such as Facebook, Spotify and Netflix have transformed media and entertainment.
Finance leaders must also be the change agent of the organization—innovating today, predicting tomorrow, and shaping the future. Suddenly, you receive an urgent alert: You stop in the middle of your run; this could derail everything.
A million questions run through your mind: Can we increase our bid? If we do, will the deal still be profitable? Before you can be this CFO, you need to become the aforementioned change agent.
Cloud-based ERP applications with built-in machine learning capabilities are critical to this reset of the finance function. Not only do they continuously execute labor-intensive tasks in the background, they learn as they do, continually finding new ways to improve efficiency.
Getting Ahead of Change Continuing to do things the same way as yesterday is risky. Uncertainty is the new normal and managing amid uncertainty is a must. We see organizations moving away from: A single-target operating model with end-state goals, to the adoption of multiple, simultaneous, dynamic business models.
Labor-intensive transaction processing, to the relentless automation of routine processes—freeing up finance professionals to focus on strategic activities. Copying agile models, to building agile business systems that enable anticipation of and response to change.
Managing stores of data, to creating and sharing meaningful insights with leadership across the organization. Siloed, inflexible technology solutions to a single, connected cloud that is always up-to-date, costs less, and is easier to manage.
Think about traditional month sales forecasts that roll over without critical evaluation. Intelligent cloud applications let businesses update their forecasts in real time, drawing on deep contextual data to make smart adjustments daily.
This is one of the reasons we are seeing a resurgence in practices like zero-based budgeting, which embed ongoing review and re-adjustment in asset planning and management based on current data. The cloud eliminates all that with: The cloud is always up-to-date with the latest features, as well as legislative and regulatory requirements in your market.
This is true continuous innovation, rolling out new modern best practices and capabilities on a regular basis. With a trusted innovation partner acting as your cloud provider and technology expertfinance teams are unleashed to become the strategic contributors the organization of tomorrow needs.
And of course, in the war for top talent—especially in finance—providing opportunities to help mould the future of an organization rather than just manage numbers offers a huge advantage. When finance leaders become change agents, embracing the continuous innovation of cloud ERP, they can: Drive greater business insight.
Automate for management-by-exception as a standard practice.
Gain greater understanding around investment for agile and robust cost control.Family Owned for Over 40 Years. With a vast array of floor plans to suit a host of many different customers, Future Homes has emerged into the 21st century with high hopes and aspirations for serving their community.
Tom Wujec presents some surprisingly deep research into the "marshmallow problem" -- a simple team-building exercise that involves dry spaghetti, one yard of tape and a marshmallow.
Who can build the tallest tower with these ingredients? And why does a surprising group always beat the average?
Easy Upgrade Series: Build a DIY Fermentation Chamber. As I mentioned towards the end of , I’ve got a few projects lined up and wanted to share these easy upgrades that all target producing higher quality beer at home.
We started off with a DIY stir plate for creating healthy yeast starters, then took a look at turning tap handles on a wood lathe (ok, that one was less about quality beer. Our first guest on How To Build The Future is Mark Zuckerberg, co-founder of Facebook.
Facebook is one of the most influential companies in the history of the world. Over billion people use it every day. The Future. El Paso Community College (EPCC) is committed to transforming students’ futures by providing high quality and affordable education opportunities for our region.
With globalized economies and emerging technologies changing both the education and employment landscape, EPCC embarked on a master planning process to ensure . Build the Future seeks to serve urban, predominately low-income students to further their achievement, advancement, and joy in school, society, and life.
We serve as the not-for-profit charter support organization for the Freire .