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
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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
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 my first blog post, I discussed the failure of many businesses to address the opportunity for improvement, and the impact of poor budgeting on a business. Every year, I see transformational
Considering the number of businesses that contacted me in the dying breath of 2016, it seems many businesses simply don’t gear up in time for the journey. Each year, I
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.