The good old 80/20 rule: 20% of what we do produces 80% of our outcomes. In a business context then, it is critical that the 20% effort is right; that
Blog posts by industry experts on budgeting, planning, forecasting, finance business systems, cash flow, performance evaluation. Join the discussion on Infor 10, Board Software and Microsoft Forcaster.
When teams within an organisation operate in siloes, the effects can be detrimental to the business. It results in gaps, inefficiencies, and lost productivity. Substantial effort is put in to
After many years in consulting, I am still surprised to find that even organisations with sophisticated transactional forecasting and supply chain capabilities still rely on spreadsheets for their final mile
Many businesses are either still in their annual budgeting process, or have just finished and are taking a breath. It is often a long, arduous and heavily manual process, typically
In business, success relies on good intelligence then good decisions. Without the right data, organisations struggle to respond to change ahead of the market. They can’t easily see what’s working, what’s not, and identify areas to improve their bottom line.
It’s almost June 30. Finance professionals across Australia are starting to prepare their budgets for next financial year.
If you’re in a similar position, I’ll bet you haven’t given much time to reviewing and improving your budget procedures.
At the core of management accounting is the presentation of decision making information. This information is presented in many forms: business cases, costing models, budgets, forecasts, management and statutory reports.
A survey of 1,245 planning software users has identified BI and CPM platform Board Software as the best for planning functionality.