Driving Performance in the Family Office: 3 New Approaches for the Data Driven Chief Financial Officer

Financial reports and other real-time operational data are often lagging indicators of performance. These metrics, although perhaps lacking precision, may have been sufficiently effective in the past; however, they are less so now because they lag the current cadence of information dissemination and business volatility today. The challenge for many finance functions is to try to keep pace with all the modern sources of insight and analysis that internal and external stakeholders are receiving. If the old ways are now less effective, then what ideas and technologies are replacing them? For the data driven Chief Investment Officer, there are three new approaches for achieving a timelier, higher quality analysis and reporting paradigm.