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…
How many FTEs it takes to keep the Finance Function wheel turning varies.
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.
Company should strive to have Finance Function expenses grow at a slower rate than revenue
5 Financial Indicators That Your Company May Need a Finance Transformation
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…
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…
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…