If plans, budgets, and forecasts are only to play with numbers, surely the CFO is only paying attention to reports that he has always handled, usually around financial accounting and forgetting the importance of management accounting.
Unfortunately, many CFOs remain unconcerned in their confusing involvement supporting strategic planning and budgeting process. Their focus on revenue centers, cost centers and some useless standards is an evil that afflicts many finance teams, and what is worse, this...
Traditional budgeting and planning models are proving to be ineffective in today´s uncertain and dynamic economy. Competitors appear from anywhere with almost no barriers, driving down prices and reducing margins across customers, channels, products and services.
With or without NAFTA, organizations need to refine their business models to deliver products and services with the best quality, functionality, and price possible, according to the perception of the customer and get an acceptable ROIC for the investors.
Some organizations in their eagerness to improve decision making, decide to acquire BPC software and hire consultants, which do not always reach the expected results to improve profitability or properly execute customer-centric strategies.