5 Indicators That Your Company Needs a Finance Transformation- Finance FTEs Per Set $ of Revenue
How many FTEs it takes to keep the Finance Function wheel turning varies.
5 Indicators That Your Company Needs a Finance Transformation- Monthly Financial Close Cycle Time
This is the fourth in a 5-part series of blog posts that will help you identify if your company needs a Finance Transformation. The acceleration of the monthly Financial Close is one of the most common frustrations from Controllers and CFOs. When fewer days are devoted to the Financial Close, key reports can be distributed…
5 Indicators That Your Company Needs a Finance Transformation– Annual Budget Cycle Times
The length of time it takes from the kick-off to the budgeting process to final approval reflects the efficiency of the Budget process and, as we all know, time is money.
5 Indicators That Your Company Needs a Finance Transformation– Growth of Finance Function Expenses Exceeds Revenue Growth
Company should strive to have Finance Function expenses grow at a slower rate than revenue
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…
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…
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…
5 Questions To Ask Before Doing a Project Post-Mortem Analysis
Your firm just completed a multi-million dollar Enterprise Resource Planning (ERP) project to consolidate the information system resources of two business entities. The project is seven months late with cost overruns of $800,000. Fingers are pointing everywhere as to who is to blame for the delay and extra costs. Management would now like to…
Predictive Analytics: Promise, Profit & Peril
“People … operate with beliefs and biases. To the extent you can eliminate both and replace them with data, you gain a clear advantage.” Michael Lewis Moneyball: The Art of Winning an Unfair Game Analytics married to Big Data these days must appear to many CEOs as a corporate fountain of youth, capable of shedding…