Intuitively, many of us recognize that the decision window for executives has been shrinking with each passing year. Information dissemination has become real-time and on-demand; however, the challenge for many finance functions is to try and keep pace with all the modern sources of insight and analysis that internal and external stakeholders are receiving.
We can layer on an incremental challenge in many industries where the business environment changes more often and more dramatically than ever before as well. Take for instance commodity prices, which have seen increasing levels of volatility in recent years. Imagine you are a company impacted by the price of natural gas (Figure 1) and consider the implications these price swings can have on your business model. That is but one example of a changing strategic driver. Consumer tastes and demands can shift virtually overnight. Everyday, new technologies and new business models replace old technologies and old business models. The luxury of time is something few executives have anymore when it comes to making decisions.
Effective leadership and understanding go a long way to keep your staff engaged through new routines. The COVID-19 coronavirus pandemic is sending its shockwaves all over the world. Officially categorized by the WHO to be a major pandemic, the infection is accelerating through multiple cities and countries, and no one knows how it will play
An adaptable platform is needed to adjust to the versatility and volatility of today’s global marketplace. Companies grow through the adaptability of their technology and the implementation of versatile business solutions along the way. It’s these solutions that allow for swift decisions, backed by data, that give you more control to push forward or pull