30 07, 2019

How To Reinvent Your FP&A Process

By |2019-11-05T09:14:25+01:00July 30th, 2019|Categories: Thought Leadership|Tags: , , , , , |

There has been a lot of talk about changing FP&A processes yet little real action in this area. Budgeting? How many do zero-based budgeting or pure beyond budgeting? Most are stuck doing the traditional one-year budget and five-year plan. Analysis? Wishful thinking. Are you doing what-if scenarios or Monte Carlo simulations or simply just plotting your data in a ...

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11 07, 2019

Planning in Excel: How to Make it Better

By |2019-11-05T08:25:00+01:00July 11th, 2019|Categories: Thought Leadership|Tags: , , , , , |

For most finance professionals, Excel has long been the gold standard for budgeting, planning, and forecasting. It is a great tool with numerous features that offer a lot of functionality. But in the global marketplace that is facing rapid changes due to digital transformation, is Excel alone still enough? In a 2018 survey, 80% of organizations reported they are still ...

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3 07, 2019

A Framework for the New FP&A Department

By |2019-11-05T09:14:56+01:00July 3rd, 2019|Categories: Thought Leadership|Tags: , , , , , |

In the first post "The Future of FP&A" of this blog series, we discussed how the CFO must be the guide, and Financial Planning & Analysis (FP&A) must take control of new and changing expectations for the finance department. From that foundation, now we dig deeper into that discussion and offer a framework for how to accomplish this, beginning ...

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13 08, 2018

Optimized Planning with Artificial Intelligence

By |2019-05-28T12:13:52+01:00August 13th, 2018|Categories: Thought Leadership|Tags: , , , , |

A good FP&A solution embraces the power of AI and should already have incorporated it into its technology. Over the past few years, the concept of Artificial Intelligence or ‘AI’, has finally been accepted into the mainstream and is dominating conversations around the world.  With the rapid emergence of cognitive computing and machine learning, AI had been sitting in the ...

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5 06, 2018

Successful CPM Projects: Finance should Lead – IT should Support

By |2019-05-28T12:58:00+01:00June 5th, 2018|Categories: Thought Leadership|Tags: , , , |

This is the second in a series of blogs discussing the requirements of a successful Corporate Performance Management implementation. The first blog in this series stressed the importance of Executive Involvement. This installment explains why the office of the CFO, not IT, should lead the implementation. The discussion emphasizes the Finance function, but it applies to CPM implementations focused on ...

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17 10, 2017

Strong Alignment to Strategy – Be a Champion of Your Strategic Vision and Business Values

By |2019-05-28T12:59:59+01:00October 17th, 2017|Categories: Thought Leadership|Tags: , |

In my role with OYB, I’ve met with 40+ organisations this year, all with varying degrees of investments in planning. Often they use Excel for their budgeting and reporting and have a handful of funded BI projects with no interactions with their office or finance team. In most cases, these same organisations have a CEO-driven strategy that clearly provides the vision that they want decisions to be made quicker, with data as their basis. They want self-service BI that adds value to the business and allows all business units to contribute time and resource to analysis.  A centralised team doing analysis for the entire company can fall into a ‘Jack of all trades, master of none’ scenario, diminishing the value of the analytics provided. [...]

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