7 Cyber Security Questions CFOs Need Answers For

Mary Driscoll's picture

The growing sophistication of cyber-attacks has made it clear that even corporations with savvy prevention and protection systems are vulnerable. Cyber security is not just an IT issue but instead a cross-functional concern for the digital enterprise that requires attentive executive- and board-level surveillance. It also requires the involvement of key functions, particularly finance and enterprise risk management (ERM).

4 Tips for Using Financial Management Benchmarks Wisely

Mary Driscoll's picture

Finance professionals naturally understand the rationale of measuring managerial and operating progress, so wielding those measures’ corresponding benchmarks should be a straightforward exercise. But a word of caution is due. The impulse to act quickly with benchmarks can take a finance group in the wrong direction. Slow down, step back, and carefully consider your next steps.

Better Budgeting is My Top Finance Priority for 2017—What’s Yours?

Alex Leake's picture

Like everyone else who is currently older than about 25, I was forced to learn how to write in cursive during elementary school. And also just like the rest of my peers, my application of cursive is now pretty much limited to my signature. Do you know what would have been a much better use of the time we spent learning a skill than we’d never employ? Learning how to budget.

How Can Big Companies Keep Millennials From Leaving?

Alex Leake's picture

The days of staying at a company until retirement is now a foreign concept to many people—most of all, millennials. We know that millennials are more likely than any previous generation to switch jobs and that six in 10 millennials are open to new job opportunities. This is a great cause of worry for many employers, given the high cost of turnover and training.

How Is Paper Still a Thing?

Mary Driscoll's picture

It’s almost 2017. The accounts payable (AP) manager has an abundance of technology innovations from which to choose to make the process run faster, better, and cheaper. For example, there are workflow automation solutions that help to reduce duplicate payments, late payments, strengthen internal controls, and support audit efficiency.

5 Biggest Benchmark Problems and How To Fix Them

Holly Lyke's picture

As you may have heard from us a few times, benchmarking is a top tool used by leadership teams to support decision making. So, to dig into that topic, APQC surveyed over 300 professionals—across functional boundaries—to understand their common benchmarking practices and the value derived from benchmarking. What we found is that benchmarking does indeed play a vital role in many organizations.

The Finance Mission—A Good Time for Reflection

Mary Driscoll's picture

As we head into the last quarter of the business year, financial analysts are surely keen to see how useful their forays into data analytics will look when the final buzzer goes off. Have these efforts to buoy business performance paid off? What are CFOs planning to do to balance investments in new analytical strength with the imperative to control the finance budget? These are just two examples of the professional soul-searching now underway among finance leaders.

How Process Management is Like Teenage Boys?

Holly Lyke's picture

As many of you know by now, I’m the proud parent of a high school student, with all the joys and frustrations that entails. I was recently struck with how much being a parent is like managing a business. Think about it. There are:

  • performance measures to monitor—grades and standardized tests,

  • workflows to manage—time management and study habits, and

  • employees to engage—celebrating successes, keeping morale high, and working with my son to embrace changes to study habits and prioritizing assignments over video games.

Finance Needs New Skills to Stay Relevant

Mary Driscoll's picture

Three quarters of finance executives who responded to a recent APQC survey are engaged in some form of finance function improvement. Unsurprisingly, CFOs want finance to push for greater cost-efficiency. That campaign will never end, especially as finance moves stridently toward robotics and various process innovations in the realm of transaction processing.

Why Finance Has No Incentives for Process Improvements and How To Change It

Holly Lyke's picture

APQC recently chatted with Gabriel Zubizarreta on the challenges of process improvement in finance departments and why leveraging change is about culture.
Gabe will be leading the breakout session, Leveraging Change for Process Improvement, at APQC’s 2016 Process improvement Conference Oct. 3-7