{"id":1340,"date":"2019-05-16T23:47:12","date_gmt":"2019-05-17T06:47:12","guid":{"rendered":"https:\/\/addison.lwh.dev\/insights\/now-gen-cfo-bi\/"},"modified":"2019-05-16T23:47:12","modified_gmt":"2019-05-17T06:47:12","slug":"now-gen-cfo-bi","status":"publish","type":"post","link":"https:\/\/addisongroup.com\/insights\/now-gen-cfo-bi\/","title":{"rendered":"The Now-Gen CFO"},"content":{"rendered":"\n<p>It isn\u2019t just the role of the Next-Generation CFO that is evolving, the Now-Generation\u2019s role, is as well.&nbsp; In order to be an effective strategic partner, the Now-Gen CFO must embrace BI (Business Intelligence).<\/p>\n\n\n\n<p>BI is the technology that improves the way businesses analyze and organize the information they collect. BI combines financial and operational data to produce critical business insights.<\/p>\n\n\n\n<p>Below we examine how BI can help CFOs become more efficient. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Finance Operations and Reporting<\/h3>\n\n\n\n<p>BI can provide the Now-Gen CFO with the ability to collect data from multiple sources and make it cohesive. BI can:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Automate financial statement preparation and distribution<\/li><li>Assist with budgeting and forecasting<\/li><li>Provide predictive analysis and bench-marking <\/li><li>Calculate compensation packages<\/li><li>Enable operational reporting of core business drivers<\/li><li>Calculate revenue recognition<\/li><li>Provide working capital analysis and monitoring<\/li><li>Identify, review and reconcile monthly results <\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Transaction Execution<\/h3>\n\n\n\n<p>BI can help navigate transactions and even warn of reasons to pause them. BI can also be &nbsp;a valuable tool for merger integration and divestiture management. Additionally, BI can both diagnose the drivers of synergy and divestiture benefits and track them in real-time. Providing monitoring and analysis to inform post-transaction company efficiency.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Now-Gen CFO Performance Improvement<\/h3>\n\n\n\n<p>Unlike the old methods of finance function reporting, which\nmeasure company performance at designated intervals. BI is responsive and can measure&nbsp;in\nreal-time. The targeted reports are instrumental in getting to the cause of\nfinancial flaws. BI can also provide turnaround strategies.<\/p>\n\n\n\n<p>BI can also be helpful with:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Payroll trends<\/li><li>Invoicing and collections<\/li><li>Pricing impacts<\/li><li>Inventory<\/li><li>Procurement<\/li><li>R&amp;D<\/li><li>ROI<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Overview<\/h3>\n\n\n\n<p>BI can convert the old-school CFO to the Now-Gen CFO and optimize business diagnostics for transaction execution. That being said, BI can be an extreme&nbsp;value-add and bottom line booster.<\/p>\n\n\n\n<p><a href=\"https:\/\/dlcinc.com\/transformation-cfo-finance-function\/\">Click here<\/a> to learn more about the Transformation of the CFO <\/p>\n","protected":false},"excerpt":{"rendered":"<p>It isn\u2019t just the role of the Next-Generation CFO that is evolving, the Now-Generation\u2019s role, is as well.&nbsp; In order<\/p>\n","protected":false},"author":9,"featured_media":556,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[11],"tags":[],"post_function":[],"post_audience":[],"class_list":{"0":"post-1340","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-article"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Now-Gen CFO - Addison Group<\/title>\n<meta name=\"description\" content=\"In order to be an effective strategic partner, the Now-Gen CFO must embrace BI (business intelligence). BI improves the way businesses analyze and organize\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/addisongroup.com\/insights\/now-gen-cfo-bi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Now-Gen CFO - Addison Group\" \/>\n<meta property=\"og:description\" content=\"In order to be an effective strategic partner, the Now-Gen CFO must embrace BI (business intelligence). BI improves the way businesses analyze and organize\" \/>\n<meta property=\"og:url\" content=\"https:\/\/addisongroup.com\/insights\/now-gen-cfo-bi\/\" \/>\n<meta property=\"og:site_name\" content=\"Addison Group\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-17T06:47:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/addisongroup.com\/wp-content\/uploads\/2024\/06\/managing-multiple-job-offers-e1658208010297.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"583\" \/>\n\t<meta property=\"og:image:height\" content=\"251\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Addison Group\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Addison Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/addisongroup.com\\\/insights\\\/now-gen-cfo-bi\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/addisongroup.com\\\/insights\\\/now-gen-cfo-bi\\\/\"},\"author\":{\"name\":\"Addison Group\",\"@id\":\"https:\\\/\\\/addisongroup.com\\\/#\\\/schema\\\/person\\\/abc042a7f4910d20090afda67a1cd61c\"},\"headline\":\"The Now-Gen CFO\",\"datePublished\":\"2019-05-17T06:47:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/addisongroup.com\\\/insights\\\/now-gen-cfo-bi\\\/\"},\"wordCount\":308,\"image\":{\"@id\":\"https:\\\/\\\/addisongroup.com\\\/insights\\\/now-gen-cfo-bi\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/addisongroup.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/managing-multiple-job-offers-e1658208010297.jpeg\",\"articleSection\":[\"Article\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/addisongroup.com\\\/insights\\\/now-gen-cfo-bi\\\/\",\"url\":\"https:\\\/\\\/addisongroup.com\\\/insights\\\/now-gen-cfo-bi\\\/\",\"name\":\"The Now-Gen CFO - Addison Group\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/addisongroup.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/addisongroup.com\\\/insights\\\/now-gen-cfo-bi\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/addisongroup.com\\\/insights\\\/now-gen-cfo-bi\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/addisongroup.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/managing-multiple-job-offers-e1658208010297.jpeg\",\"datePublished\":\"2019-05-17T06:47:12+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/addisongroup.com\\\/#\\\/schema\\\/person\\\/abc042a7f4910d20090afda67a1cd61c\"},\"description\":\"In order to be an effective strategic partner, the Now-Gen CFO must embrace BI (business intelligence). 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