Metrics Meet Monte Carlo

Hiding within gross profit lurks a quiet antagonist. An enemy that many may be secretly unaware of and could potentially be killing their business. That enemy is embedded fixed costs within the Cost of Goods Sold (COGS) line item of the income statement. COGS, frequently also called Cost of Sales, is an important component of…

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7 Secrets to Corporate Financial Forecasting Success

Companies of all sizes are dealing with more complexity than ever before when it comes to budgeting and financial forecasting. With more informed consumers, global markets, and rapidly advancing technologies, it has become exponentially more important to use financial forecasting processes that are more efficient and adaptable to changing business conditions.   A report published…

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More Data ≠ Competitive Advantage: Using Business Intelligence to Drive Revenue and Profits

In today’s business world one constantly hears that to compete one needs to understand and use technology to one’s advantage.  This is also true in the Financial Planning and Analysis (FP&A) world and we constantly hear about the various technologies and tools we should be using that will make forecasting easier, more accurate and beneficial…

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