How can CFOs deliver agile financial reporting and forecasts?
FSN’s research confirms that businesses that invested in agile financial reporting and forecasting systems ahead of the pandemic, were far less disrupted and more able to plan and manage their way through the crisis. But it is probably only now, as we emerge from the pandemic, that the true value of agile performance management can be fully appreciated.
So, the crucial question is what are the practical steps that CFOs can take for successfully delivering agility and confidence in performance management?
In this 30-minute webinar,, Gary Simon, Chief Executive of FSN and leader of the Modern Finance Forum on LinkedIn will be interviewing Lynn Calhoun, Chief Financial Officer (CFO) of BDO USA, LLP. Lynn is an accomplished finance leader and change agent whom since 2018, has transformed the finance function, of this leading professional services firm which provides assurance, tax, and advisory services to multi-national clients through a global network of over 80,000 people and 1,591 offices in 162 countries. With the help of agile performance management systems, Lynn, has effected a change in year-end, introduced state of the art data visualisation, blended key operational data with financial data and implemented a new budgeting system – all in the midst of the pandemic!
Lynn and Gary will discuss how Lynn has overcome cultural, operational and technical challenges to deliver an agile, state-of-the-art performance management system that has put BDO’s management in the driving seat during a period of great uncertainty.
Related Infographics in the Agility in Planning, Budgeting & Forecasting Series
HOW AGILE IS YOUR FORECASTING PROCESS? In this first infographic we explore how responsive or agile the PBF (Planning, Budgeting and Forecasting) process is to change against a series of FSN stress tests. The research finds that changing reports and reporting structures (hierarchies) remains a challenge.
HAVE WE SACRIFICED FP&A ACCURACY IN FAVOUR OF SPEED? The second infographic from our “Agility in Planning, Budgeting & Forecasting” research shows that forecast accuracy is getting worse – this despite many organisations forecasting more quickly.
HOW CAN CFOs INCREASE ‘SPEED TO INSIGHT’ IN FINANCIAL FORECASTING? In today’s turbulent markets, ‘speed to insight’ is incredibly important, yet combining speed and insight has proved elusive for many enterprises, so how can CFOs improve their forecasting agility?
HOW CAN CFOs IMPROVE PERFORMANCE OF THE FORECASTING PROCESS? Gary Simon, leader of the Modern Finance Forum on LinkedIn talks through the findings from the Future of Planning and Budgeting Forecasting Survey and looks at how CFOs can improve the performance of their forecasting process.