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The Office of Finance has a vital role to play in the world of big data. FP&A teams are being asked to collect more and more finance data, while CEOs are starting to regularly ask CFOs for data on factors like payroll, sales, and productivity that can serve as leading… Read More
Many finance teams consider board reports the most challenging type of report that they put together. And, in many ways, it’s because board members want so much more than numbers, such as nonfinancial information and customized analysis. That’s doubly true during a pandemic. Standard slide templates and data charts may satisfy… Read More
There’s no time like the present to invest in modern planning technology. The longer you wait, the more entrenched your company will become in clunky tools that are out of touch with today’s business needs. As it relates to financial planning, budgeting, and forecasting, old-world processes can lead to costly errors, leaving the finance team scrambling to… Read More
Driver-based planning can be a game-changer for your organization—but only if everyone is in on the game. So, yes, it’s smart to be thinking about how you can encourage buy-in for driver-based planning to assure that you reap the maximum benefit of the approach. There are some specific steps you… Read More
We all know the methods used to create favorable departmental budgets and forecasts. Managers ask for more than what’s required with the hope of agreeing on the budget they actually want. Junior managers promise unprecedented results in exchange for executive support and an investment in their new ideas. And, of course, the seasoned, senior managers warn… Read More
If your planning processes are largely manual and mostly spreadsheet based, you likely don’t have the time to spend on analyzing performance, let alone adjusting models to reflect changing assumptions and conditions. An over-reliance on spreadsheets and legacy on-premises applications constrains the organization with rigid, siloed planning. These legacy planning environments… Read More
As global events and the accelerated pace of change place even more pressure on today’s CFOs to provide strategic guidance at high speed, financial leaders worldwide know they have to ramp up their technology transformation if they want to compete and thrive. A 2021 Accenture report revealed that costly decisions… Read More
Working at 100% capacity might sound like the dream to some, but savvy business-service leaders know that being maxed out can actually stunt growth. When every team member is tapped and every resource stretched thin, new deals can’t get off the ground, projects get backed up, and customer satisfaction scores… Read More
For FP&A teams, financial reporting can present a challenge. If you share too many reports, business leaders may give up reading them all together. But if you offer barebones financial reporting, stakeholders scream for more relevant data and timely information. So how do you find the balance of not overwhelming your… Read More
Once thought of as the new frontier, the cloud—as in cloud computing, cloud platform, and all things related—has gone from buzzword to business necessity. For many companies, the transition to the cloud has been spurred by the COVID-19 pandemic. Digitization of systems, including enterprise resource planning (ERP), became mission critical to running… Read More
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