This is the second in a 5-part series of blog posts that will help you identify if your company needs a Finance Transformation. The time it takes to turn around a Financial Forecast could be the difference between life and death for some Companies. The need for rapid scenario iteration can support executive decision-making regarding…
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…
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.
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…
“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…
“A spirited mind never stops within itself; it is always aspiring and going beyond its strength.” Michel de Montaigne, French Renaissance Philosopher & Writer As finance holds the reins of the 2017 financial plan process, having a great deal of influence how the plan activities are presented and executed, it might be a good…
Agility is a key feature of any successful organization. The ability to adapt to changing circumstances without compromising on efficiency or profitability can pave the way to long-term growth and sustainability. One effective way in which businesses can become more dynamic is adopting a rolling forecast. Generally, every business follows some model of projection when designing…
Repeating, predictable patterns in data over a period of time, typically 12-months or more, are commonly characterized as seasonality. It’s certainly not the seasonal Fall or Autumn collection of the Vogue fashion trends which will never be repeated on the runway, but it’s the same predictable pattern every period. Since the oscillating highs and lows…
Serious boss looking at camera with his two employees sitting near by. I sometimes envy my former classmates that went into equity analysis. When they build financial forecasting models it may be used by buy-side analysts as best guesses of what a company’s sales or earnings may be next quarter or next year but…