When times are bad, some CFOs succumb to pressure and cut the marketing and training budgets. In fact, cost management should be a continuing process that involves constant cost-structure refinement, not a mere tactical measure to meet short–term targets
Finance is sometimes guilty of producing reports that nobody reads, simply because these reports have always been produced. A good starting point is to have a conversation with the business on what reports are actually useful and what new ones should be generated
Finance these days is supposed to walk the factory floor and office corridors to engage with the rest of the business, including sales and operations, but the interaction can be superficial and pointless. Here’s some advice to make the discussions more useful
Could the annual budget cycle be totally done away with? Not really. But can the planning and budgeting process be done in a better way? Certainly it could. Here are seven steps designed to revamp and streamline a tired system.