For far too long, CFOs have been relied upon as driver of key decision-making, but they are kept at arms reach from the innovations they make possible. It's time to shift our perspective and start seeing CFOs for what they are: valuable contributors and drivers of initiatives. In fact, let's think of CFOs as venture capitalists. Just like venture capitalists, CFOs are responsible for evaluating and allocating resources to different projects and initiatives within the company. They act as internal investors, supporting individuals within the organization to bring their ideas to life. When we view the CFO in this light, it becomes clear that no one in the company is better suited to lead innovation. And here's why:...
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Failing Fast – Learning What Not to Do Quickly
As Thomas Edison once said, “I haven’t failed, I’ve just found ten thousand ways that don’t work.” These words still hold true today, showing how failure plays a vital role in driving innovation and great ideas. Transforming an idea into something remarkable often takes multiple attempts. But the pressure to create something extraordinary with limited time, resources, people, and money can be overwhelming. When things don’t go as planned, it can feel like a major setback. That’s where failing fast comes in. In simple terms, failing fast means trying things out, learning from failure, and adapting quickly. It involves fostering agile and nimble teams driven by continuous improvement. These teams embrace risk-taking and are always striving to get better....
Thriving in Volatile Times: Unleash the Power of Innovation to Do More with Less
In the fast-paced world of business, change is the only constant. Every day, companies strive to become more efficient, cut costs, and achieve remarkable outcomes with limited resources. But when you’re faced with the mounting pressure of economic volatility, market competition, and ever-changing customer expectations, where do you even begin? The answer lies in one word: innovation....
Breaking Down Data Silos: The Key to Smarter Decision Making
In today's world, data is like gold. Businesses rely on it to understand their customers and stay ahead of the competition. But as it turns out, a whopping 70% of data never gets used beyond its creation, and the other 30% isn't used optimally. That means a big chunk of the data businesses collect and store is just sitting there, not serving any real purpose....
Driving Better Decisions with Advanced Analytics for ERP
If you think of your business like a car, your ERP system is the engine that keeps things moving. But without a clear view of the road ahead, you’re basically driving blind. That’s where advanced analytics comes in....