10Dec10:0011:30Urgent Need for Planning Cycle Beyond 2021 (Australia)A necessity or an over-reaction?10:00 - 11:30 View in my timeOnline Event Organized By: Clariden Global Event Type:WebinarLanguage:English
With COVID-19 having cost some companies as much as 75% of their revenues in a single quarter, traditional approaches to planning and budgeting can no longer provide the velocity and
With COVID-19 having cost some companies as much as 75% of their revenues in a single quarter, traditional approaches to planning and budgeting can no longer provide the velocity and visibility needed to survive this new era of wildly fluctuating liquidity and risk tolerance. 43% of CFOs recently surveyed by McKinsey cited the need to streamline overall budgeting processes to react more quickly and efficiently, while 65% anticipate more use of rolling forecasts in 2021 and beyond. Replacing manual, fixed-cycle processes with real-time collaboration, rapid scenario modeling and nimble planning will be key to finance leadership in the post-pandemic age.
With Excel increasingly proving insufficient for budgeting in the face of massive growth from 20 stores to 400, Accent Group sought a solution that would produce consolidated reports with greater ease. Previously, the Australian footwear leader had to work with different Finance ERPs group-wide, relying on macros that took up to an hour to complete; and struggling to produce a full year’s view. With the new solution, it allowed Accent Group to unify all finance information in a single source of truth, thereby making ad-hoc reporting a lot easier, while cutting down budget processes to be produced quickly. Accent Group’s finance team can now easily propagate top-down changes and consolidate bottom-up inputs, freeing up time formerly spent on manual data wrangling to do analysis and focus on fine-tuning other financial aspects of the group.
Delve deeper with Clariden Global and Jedox at our virtual roundtable, Urgent Need for Nimble Planning Cycles Beyond 2021: Necessity or Over-Reaction? on 10 December 2020, 10am to 1130am. In this exclusive session, you will join fellow CFOs, Finance Directors, Finance Controllers, Regional Controllers, Heads of Finance and Heads of FP&A to exchange experiences and ideas on staying nimble in planning, budgeting and forecasting for 2021 and beyond. You will discover how finance heads are positioning themselves as strategic advisors to business by adapting local operations to the global “big picture”, collaborating across complex supply chains in real-time, increasing cost visibility across the value chain, capturing rapid changes through scenario modeling to win marginal gains and more.
Limited seats only, please RSVP to secure yours today!
(Thursday) 10:00 - 11:30 View in my time