Save Time and Money: Best Practices For Driver-Based Budgeting & Planning

In many organizations, there exists a disconnect between strategy and execution with the missing piece being the lack of an effective budgeting and planning processes. The budgeting and planning process is the gear that converts the potential energy held with the strategy to the kinetic energy of execution within operations. However, the traditional budgeting and…

5 Pitfalls That Can Kill Your Financial Forecast

Most large organization spend a considerable amount of resources performing some type of financial forecasting. Conversely, small and medium-sized businesses spend less time on planning for the future. Larger organizations have more to lose, therefore, the need to actively assess changes in the market to take advantage of opportunities or avoid risks becomes a more…

Creative Way to Improve Your FP&A Departments Performance

The Association of Financial Professionals (AFP) recently released a guide to its members entitled, “FP&A Organizational Structure: Trends and Best Practices”.  It states the three basic structures of FP&A: Centralized, decentralized and hybrid.  With the increased volatility being seen in every market due to the increased pace of change caused by technology, social and demographics…