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How does a highly effective finance team take control of complexity and fragmented information? They start by building common standards that help employees across the company integrate information in an efficient way to deliver a single version of the truth. Like many streamlined practices, the idea of common FP&A metrics… Read More
Every day, the correlation between business agility and competitive success grows stronger. Especially now, in the aftermath of a global pandemic that’s intensified more than a decade of compounding instability. With many businesses operating in uncharted territory, the old ways of collecting data and creating reports are essentially useless. That’s because… Read More
For a growing number of successful enterprises, becoming more adaptable has meant charting a path to modern planning. Business agility is a requirement for business success. Not convinced? Ask literally every business that was ambulatory in 2019 and remains up and running today. Business agility, to a great… Read More
Zero-based budgeting, may be useful for companies looking to align spending with business goals during uncertain times. 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… Read More
The pace of change was accelerating even before businesses were rocked by pandemic-related lockdowns, layoffs, and supply chain disruptions. And change will remain a fixture long after pandemic disruption is over. When a business operates in a steady state, planning is straightforward. You can build forecasts and plans… 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
Gartner gave it a name, but the concept of Extended Planning and Analysis (xP&A) is nothing new! Learn more about xP&A and what it means for your enterprise. xP&A stands for extended planning and analysis—taking the best of modern finance planning and extending it across the enterprise. But it’s not… 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
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