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Many businesses are shifting into recovery mode after the economic disruption caused by COVID-19. While it’s too soon to divine the lasting implications of this pandemic, most organizational leaders anticipate there will be echoes well into the the forseeable future. For many businesses, COVID-19 has fundamentally changed expense structures. Travel… Read More
When a business operates in a steady state, planning is straightforward. You can build forecasts and plans based on the previous two years’ actuals with reasonable confidence that the future you’ve mapped out will more or less come to pass. In case you haven’t noticed, however, the business world has… Read More
Thriving in an unpredictable environment requires agility. But yesterday’s forecasting, budgeting, and planning systems aren’t fast, powerful, or accurate enough to keep up with changing regulations, funding levels, and program demand. On the other hand, cloud-based enterprise planning enables public sector organizations to generate data-driven budgets and forecasts, deliver higher-level… Read More
As CFOs look ahead to the remainder of 2021 and beyond, a new survey finds them increasingly optimistic about their organization’s economic prospects. They are interested in the growth of the digital economy, lasting shifts in consumer behavior, and the prevalence of work-from-home arrangements. Finance leaders are also looking to… Read More
In late 2019, Mercer surveyed business leaders about their expectations for the next three years. Nearly three out of four (73%) said they expected “significant disruption.” Imagine how the other 27% felt when 2020 came around. The stark reality of business today—that change is faster than ever, but will never… Read More
Change is in the air. Following a year of global crisis that prompted organizations to adapt on the fly to uncertainties around a variety of critical factors affecting their operations, many finance leaders are looking to the future. Namely, they are focused on deploying smart digital technology to improve their… Read More
Imagine standing in the middle of a large, noisy crowd. You can hear the sound of many voices. But rather than follow all those conversations (many muffled by masks), all you can hear is noise. Sure, you might catch a word or two, but the gist of any one conversation… Read More
CFOs and other finance leaders recognize that future business success requires boosting digital acceleration. Digital projects that fell into the “we’ll do that someday” category pre-pandemic became matters of survival when COVID-19 turned the whole world upside down. The top goals of finance leaders, our research finds, are to gain… Read More
Disruptive technology is a popular term. No matter how long companies have been in business, many claim that their technology, platform, or business will completely disrupt whatever industry it’s in. That’s all well and good. But what most organizations should disrupt are their budgeting processes. Here are five ways to refresh your… Read More
Considering all that’s happened over the last year, the case for robust scenario planning has rarely been stronger. Scenario planning—the practice of establishing strategies for variables (possible futures) in key business factors—helps organizations thrive amid uncertainty. To put it simply, scenario planning arms finance with the ability to incorporate responses… Read More
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