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3 Ways FP&A teams can drive transformation in healthcare

If you work in the healthcare industry, I suspect you’re already accustomed to dealing with a lot of change. And from what I understand, it’s likely only going to increase. “We measure our success by market segment performance, so new regulations, fluctuating premiums, and other factors regularly impact our main… Read More

FP&A Expert Kerman Lau
5 tips to drive strong adoption of your FP&A solution

Finding the right FP&A solution is only half the battle. You also need people to use it. Adoption is critical to success, not only to reap the full efficiencies of self-service dashboards as well as swift analytics and reporting capabilities, but also to build growing awareness of the strategic value… Read More

Luckily, there are easy ways to improve the accuracy of your cost breakdowns and future cost forecasts. Here are three steps to get you started.
3 steps to improve forecasting accuracy

Imagine you’re at a restaurant with friends. You order a small salad, while your companions choose the most expensive items. You would probably ask for separate checks, since splitting the bill evenly would be an inaccurate way to allocate expenses. The same goes for your corporate accounting. You can’t simply… Read More

Now more than ever, HR teams are facing increased pressure to optimize the value of their organization’s people investments.
It’s time for HR and finance to unite

Business leaders know that people are usually the biggest expense in any organization, accounting for 70-80 percent of a given employer’s spending. And, in today’s fast-paced and fluid employment environment, HR teams are facing increased pressure to optimize the value of their organization’s people investments. This takes insights into people… Read More

Manual spreadsheets simply aren’t powerful or fast enough to enable comprehensive, continuous planning. And without that, you can’t keep up with the pace of modern business. This is why some FP&A specialists use the phrase “spreadsheet-itis.” It’s not only that spreadsheets involve cumbersome and untimely reporting, but they also can deny managers and employees a single, unified view of vital data—one version of the truth.
5 signs you’ve outgrown spreadsheets

If you ask someone why they still carry a flip phone, push a lawn mower, or use a computer from 1997, they might say upgrading is too much of a hassle. After all, if it ain’t broke, don’t fix it. Take spreadsheets. You might spend time every month fixing broken… Read More

Your CEO needs access to different data than the manager of HR. Yet there’s also a good chance that they may be interested in some of the same information. And even within the same departments, managers may seek different information. Managers have varying requirements and goals; some prefer a very high-level overview, while others want specific information and a lot of granular details.
How to improve your financial reporting process

For FP&A, financial reporting is a tricky balancing act. If you share too many reports, business leaders may give up reading them all together. They are saturated. In a study by the American Institute of CPAs and the Chartered Institute of Management Accountants, 32% of C-level executives said more data has made… Read More

A 2016 FSN survey found that CFOs who make better use of nonfinancial data were roughly twice as likely to forecast earnings within 5%. The survey found that tracking nonfinancial KPIs also doubled the odds that a CFO would look confidently beyond the twelve-month time horizon, as well as feeling prepared to respond to market changes.
5 ways to step up your analytics game

As just about any finance professional knows, there’s a huge need for FP&A teams to become more strategic partners to the business. When we surveyed more than 300 CFOs for a report on how FP&A can play a broader role in guiding corporate planning and performance, 75% said they wanted their… Read More