Lees-top 10: Zo kapitaliseren CFO’s op verspreide workforce

1. How can the CFO evolve today to reframe finance for tomorrow?
CFOs should put finance at the heart of long-term value reporting, inspire an open finance function and elevate emotional intelligence.

2. Are scenarios limiting your pandemic recovery strategy?
Right now, most of these businesses are limiting them­selves to three or four macrolevel scenarios that describe the general direction of the economy but do not give business leaders enough of the detailed information they need to explore all the future paths possible within those scenarios. A more effec­tive model is to build an “uncertainty cube” that allows business leaders to accurately assess the probability that certain outcomes will materialize under various scenarios.

3. Metric of the Month: Number of FTEs Performing the Order-to-Cash Process
Like other end-to-end processes, O2C involves an interconnected set of processes that span functional boundaries. It is important to be able to manage those discrete pieces of work, while at the same time remaining cognizant of how the pieces link together into one end-to-end process. This month, we examine the number of full-time equivalent employees (FTEs) that companies use for O2C, which is a critical measure of efficiency across the value chain.

4. AI Can Make Bank Loans More Fair
Lenders often find that artificial-intelligence-based engines exhibit many of the same biases as humans. They’ve often been fed on a diet of biased credit decision data, drawn from decades of inequities in housing and lending markets. Left unchecked, they threaten to perpetuate prejudice in financial decisions and extend the world’s wealth gaps.

5. A framework for purpose: The 5Ps
Your company’s purpose strengthens resilience and creates value—if it’s genuine. A new framework highlights a detailed approach to embedding purpose throughout your organization.

6. 6 tips for professional reinvention
As the global pandemic continues to dampen growth prospects across certain sectors, many organisations are having to scrutinise resources and quickly find ways to survive and deliver value. In some instances, this is prompting waves of retrenchments as companies restructure underperforming units and departments — leaving some finance professionals grappling with a future that looks deeply uncertain.

7. Calmer Waters: President Biden’s Prospective Foreign Policy
Oof – thank goodness! That will be the reaction of political leaders in most, but by no means all, countries around the world to Joe Biden’s victory in the US presidential elections – as well as that of most of their citizens. This does not mean, however, that the new president will turn Donald Trump’s foreign policy on its head overnight. On some major issues, there will be more continuity than change in the foreign policy of the new administration. On others, though, Biden will set a new direction.

8. How to track a business's vital signs in a pandemic
Here are eight tips for reassessing, tweaking, and adding KPIs to keep up with changes amid the coronavirus pandemic.

9. Flexible Work, Big Tax Savings: CFO Tips for Capitalizing on the Distributed Workforce
With companies like Twitter, Salesforce, Facebook, Google, and many others making remote work a permanent option, it’s clear that a largely distributed workforce is here to stay. No longer viewed as a temporary measure, remote work—or at least a flexible, hybrid model—will be the norm going forward.

10. Organisational Data: The Silver Lining in the Covid-19 Cloud
Covid-19 has dealt most businesses a heavy blow, but the pandemic has at least one underacknowledged upside. By moving organisations from the office into the virtual space, Covid-19 has cracked open a treasure trove of data that can be used to streamline and optimise how organisations operate. We wrote a (free) eBook to help you capitalise on it.