You should worry more about the information you pass on to your board!

Written by Henrik Lerkenfeld

As CEO you soon lose touch with the day-to-day workings of your company.

Articulating and communicating a clear strategy; establishing the right structures and processes; selecting and managing the right senior management team; defining and setting the right values and tone takes up most of your time – running the business is but a small part of your job.

You are flooded with information, but it’s all constructed, filtered and dated. Constructed by controllers from disconnected sources. Filtered through several layers of staff with individual agendas. Dated data – two, three or four weeks old – makes it impossible to project anything about the future.

And it is a delicate challenge to find alternative reliable sources of front line information without undermining key reports.

Distortion

It is nevertheless of paramount importance to ensure your board is well informed and to prevent it from becoming surprised.

Furthermore, since your microphone is always on, your message become distorted if the information you pass on internally, to analysts, shareholders, industry groups and politicians isn’t reliable.

Untampered

The only solution is to implement an all-encompassing system which brings you reliable untampered information, straight from the operational forefront across your entire project portfolio – in real-time.

Unconstructed, without errors, filters or delays.….

Long-term prosperity

With reliable real-time operational information at hand you can focus on managing organizational context and to make decisions in the interest of the company and its long-term prosperity.

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Henrik Lerkenfeld

Henrik is a driving force behind the product success of PlanAutomate’s Enterprise Project Management (EPM) solution, bringing a systematic approach to process design and a deep understanding of project-based industries. His work focuses on natively unifying critical project data and processes, including financials, operations, and supply chain, into a single source of truth for project-driven organizations inside Dynamics 365 Finance. His experience spans decades of working with Microsoft ERP systems for project-centric companies. He also leads the services team at PlanAutomate that implements the Dynamics 365 Finance, Supply Chain Management, and PlanAutomate’s EPM system.