The Ledger
Curated content foranalytical business leaders
Integration is Essential for Collaborative Planning
February 7, 2019
Collaborative enterprise planning systems and techniques are being continually enhanced, because FP&A professionals now realize planning is more than just a user interacting with a single model. Collaborative planning requires an enhanced set of technologies not found in earlier planning solutions. Those solutions tended to be little more than calculation machines where data was submitted by users through a standard template and consolidated through the organization’s business hierarchies, with a set of results produced for senior management to review. Many of these capabilities are still required, but by themselves are not enough to support true collaborative planning. To be effective, collaborative planning systems must integrate a number of technologies that together form the basis of a solution.
Read More at The Digitalist by SAP >
Facilitating Powerful Analytics in a Data-Driven Culture
February 6, 2019
Demand for advanced analytics is increasing, and so is the expectation that management accountants will perform the analytics. Finance leaders want a data-driven culture to maximize the value of data through analytics. Specifically, they aim to make business decisions faster and more accurately through automation and predictive modeling. Trust in data analytics is the foundation of a data-driven culture. Fortunately, progression through the stages of analytics maturity also builds a foundation of trust, and eventually business decision makers gain enough confidence in predictive models to let the models themselves make the decisions
Read More at Strategic Finance Magazine >
How Drill-Down Capabilities Can Increase Customer Retention
February 5, 2019
A world market leader of power tools and accessories manufacturing launches hundreds of new products each year across various brands. Until recently, the company relied on a traditional manufacturing process. Product teams worked with end users to identify needs and then build features around these needs to roll out around the world. However, they lacked insight into their user’s needs and how to leverage their data to become completely customer-focused. Once they gained the ability to drill-down into their data for important business insights, they were then able to create meaningful and fulfilling experiences for their customers.
Read More at Forbes Magazine >
