The unexpected events of 2020 — and the resulting economic uncertainty — demonstrated that financial leaders across the globe must be able to operate with greater agility. But many finance leaders are still struggling to gain insight into their business futures. Outdated processes, time-consuming input methods, and overly complex Standard Operating Procedures (SOPs) are just […]
An increasing number of companies are adding subscriptions as one of the revenue models to their business. Two different examples of this service include: Netflix, which is a 100% subscription-based company focused on B-to-C, or business to consumers. Microsoft, which originated in an era where software sold as one-time licenses, has today become an increasingly […]
These days, more than ever, financial planning analysis (FP&A) managers need to deploy tools that can help them support their businesses with faster and more agile planning, reporting and analysis. Whether it is functionality that supports forecasts with multiple scenarios or automated financials with self-service drill down, today’s managers need easy access to the right […]
According to the 2020 Wisdom of Crowds Enterprise Performance Management Market Study, adoption of enterprise management software increased in 2020. Nearly half of all surveyed organizations now use enterprise performance management (EPM) / corporate performance management (CPM) software, and 78% of survey respondents rated this software as “critical,†“very important,†or “important†to their organization. […]
Edgar R. Fiedler was an American economist who served as Assistant Secretary to the Treasury between the years 1971-75. Edgar published a series of essays during the late 70’s and early 80’s once pithily stating “If you have to forecast, forecast often†something that seems especially relevant as we navigate the current economic climate of […]
This article explores the popular Dynamics 365 Business Central cloud ERP system and how you can achieve advanced reporting and budgeting. After Microsoft’s highly anticipated release of Dynamics 365 Business Central (D365 BC) a few years ago companies evaluating the solution has, as expected, quickly zoomed in on reporting, budgeting and business intelligence (BI) capabilities. […]
One of the most significant changes to businesses during COVID-19 has been the large-scale work-from-home policies that almost all companies implemented. While some businesses may have partially or fully practiced this for a few years already, it has never in the history of the world been at this level. As many business owners are eager […]
At the core of every business strategy for products and services is to provide optimal management of the supply chain. A leak or inefficiency in the supply chain eats away at the organization’s bottom line. Supply chains are becoming more complex with more variations in products, distribution channels, and material planning. Accurate supply and demand […]
What is Financial Multi-Scenario Planning? With multi-scenario Planning, companies are able to analyze several potential business outcomes and forecast what overall performance would look like with each of these models. What would happen to sales? Employee headcount? Cash flow? The key drivers of each scenario are identified and modeled out to create a complete […]
Precise financial planning is an integral part of every business’s success. It also takes a substantial amount of time and energy from the business’s financial department, especially if the business is dealing with a volatile market. To meet the need for accurate and consistent budgeting, forecasting and financial analysis, large companies have formed specific financial […]
