Monthly Archives: August 2019
Boost Finance Agility with Modern Technology
“The relentless introduction of new technologies and innovative business models has accelerated the velocity of change in the business environment. To survive and thrive, companies must be attuned to shifts in market conditions and ready to make decisions fast – and implement them quickly – to alleviate their impact.” According to The Hackett Group, there […]
The Path to Manufacturing Innovation is Paved With Exponential Technologies
“The velocity of technology advancement, especially for the manufacturing industry, is exponential.” Exponential technologies provide the scalability that modern businesses often lack with their legacy technologies and outdated practices. Industrial manufacturers are focusing on these technologies as a foundational approach to innovation across both products and processes. In this era of rapidly accelerating transformation, organizations […]
Do I Need a Cost System?
It’s hard to know whether it’s the right time to invest in a cost system, but there are some indicators that deeper cost insights can provide the roadmap to increased profitability and business stability. We’ve pulled together a list of things to consider if your team is trying to decide whether they need (…and are […]
7 Fundamentals of a Successful Costing Methodology
For many businesses, spreadsheets are a large part of their costing reality and have proven to do more harm than good when it comes to truly understanding business performance. Establishing a robust costing process doesn’t have to depend on spreadsheets or rigid ERP cost modules. With an integrated costing analytics tool, finance leaders can get access […]
Intelligent Scenario Planning with Advanced Analytics
Nobody understands Robert Burns’ quote, “The best laid plans often go awry,” like modern business leaders. When it comes to financial planning, finance teams need the ability to assess and adjust plans when they go off course. Intelligent planning starts with analysis of past results to help determine where is business is going, and measure […]
Success is Utilizing the Right Data – Not Just Owning It
“No matter how much data is fed to machine learning and predictive analytics tools, the key is deciding which outputs are useful and how to act on them.” When it comes to implementing new technologies, many businesses go through what Gartner calls a “hype cycle”- where the initial implementation is a period of inflated expectations […]
Agile Project Management: Flexibility and Adaptability Win the Race
Traditional project management methods have been completely transformed by new tools and technologies that enable flexibility and adaptability across the business. Traditional methods are vulnerable to delays, miscalculations or unforeseen costs that can cause budget overruns, or overall failures to deliver on stated goals. Contrarily, agile project management is an iterative, adaptive approach that helps […]
Modern Supply Chains Require Continuous Planning in Real-Time
Today’s supply chain planning has to be continuous and based on real-time information to drive effective business decisions. In the face of rising customer expectations around individualized products, shorter delivery time frames, and predictable availability, organizations are moving away from the familiar pace of traditional planning approaches. The need to act and respond on a […]
The Power of Cost Transparency
“The effectiveness of cost information is driven less by the cost method chosen, and more by the design and implementation of the cost allocation model used to support that method.” While many businesses effectively analyze their revenue based on products, services, and customers, they often lack meaningful insight into their costs and profits. Companies with a […]