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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The Overlooked Skill for FP&A Professionals

The Financial Planning & Analysis (FP&A) world continues to transform from what I like to call Financial Planning & Reporting (FP&R)—an emphasis on reporting—whereas FP&A emphasizes analysis. The old days of being a former accountant who crunches numbers no longer cuts it. With how quickly things change in today’s world just looking back at explaining…

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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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Zero-Based Budgeting – Piece of Coal to Rising Star

Zero-based budgeting has been the unwanted stepchild of the financial planning and analysis (FP&A) world for decades. Chief Financial Officers would lie to their friends about how they budget and say they do cool things like rolling forecasts, beyond budgeting or at the very least incremental budgeting at cocktail parties but NOT zero-based budgeting which was…

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