Monthly Archives: July 2022
CFO Insights: Mastering Data for Better Insights—and Competitive Advantage
“In some industries, digital technologies have already reshaped certain aspects of how the finance function conducts business—lowering operating costs, effort, and risk while increasing the analytic value and transparency of financial data.” Read More at Deloitte >
FP&A Trends: The Future of Business Modelling
“In most companies relying on Excel-based solutions, Excel is doing everything: it functions as the database, the calculation engine, and the analytical tool, sometimes all within one workbook. This approach is resource-intensive and eventually becomes unsustainable. And while Excel is an excellent tool for spreadsheets, financial modelling, and provides FP&A with much-needed agility, it’s not effective […]
FP&A Trends: Advanced Analytics as an Attribute of FP&A Maturity
“We can mix and match and decide which initiatives will be executed in response to scenarios A, B or C…This is a quite technically demanding exercise and shouldn’t be performed in Excel or any other tool with manual data entry.” Read More at FP&A Trends >
FP&A Trends: Change Management and Analytical Change for FP&A
“The BARC survey “The Future of Planning, Sept 2021” clearly showed Rolling Forecast, Integration with Operational Processes, Simulations and Scenario Analysis, Action and Value driver-based planning are where organisations at going to invest in the future, with 56% planning to invest in technology in the next 12 months.” Read More at FP&A Trends >
CFO Magazine: Finance Transformation: Unleashing the Potential of Data
“The key to success in finance transformation is to understand and make the most of all the ways a fully integrated data solution can take charge of routine processes from front to back. While managing the routine, the solution also will generate better data, more rapidly for the higher-level analytics that finance uses in budgeting, […]
CFO Journal: Financial Discipline to Raise Performance
“When future economic performance rests on the shoulders of the finance function, supporting and continually evaluating decision-making that optimizes performance in the long term is essential. Such an approach is possible with a new financial discipline that remodels finance data, forecasting, and delivery to better predict and align to the future of finance.” Read More at […]
FP&A Trends: How FP&A Evolved and Optimized Through the Pandemic
“Finance professionals are empowered to present data to cross teams on the best case, worst case, and most likely scenarios that could arise. This helps cross-teams understand how their decisions affect the rest of the organisation and make FP&A a strategic resource helping them navigate business objectives.” Read More at FP&A Trends >
CFO Magazine: Best Organizations Report Consolidated Financials in 4 Days: Metric of the Month
“Excessive spreadsheet use, manual touchpoints in the process, and human error all increase cycle times for completing monthly consolidated financials.” Read More at CFO Magazine >
CFO Magazine: What Do CEOs Want From Their CFOs?
5 ways that CFOs can meet the wish lists of today’s CEOs: Understand the Business Strategy and Optimize Forecasting Prioritize Cash Flow Planning Provide Better and Cleaner Data Challenge Legacy Technologies Communicate Clearly and Know Your Audience Read More at CFO Magazine >