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,…
A survey of 1,245 planning software users has identified BI and CPM platform Board Software as the best for planning functionality.
Microsoft has recently announced it will no longer offer budgeting and forecasting module Microsoft Forecaster in Dynamics GP 2016.
It’s not an easy time to be an Australian business. While the Aussie dollar has hit an eight-month high and business confidence has stabilised, experts report increased pressure on wages, profits and revenue growth.
Integrated Business Planning (IBP) is a management process, which enables effective decision-making and control throughout an organisation. So why is IBP the next big thing?
When you think of a ball-and-chain, comical images of a prisoner in stripes trapped in a confined space manifest themselves in one’s mind. The ball and chain serves the purpose of holding back the convict, limiting their movement and stifling their progress. Sound familiar?
A corporate finance function plays two distinct key roles in an organisation. The first role is as the external reporter. However, it’s in the second role that common finance team dysfunctions regularly occur.
For many people, plan-do-check-act (PDCA) is a familiar concept; the iterative four step management method is widely used and has currency with lean methodologies. One advocate of this approach is David Moore, General Manager Finance & Operations at Suntory Australia.