BUDGETING AND FORECASTING

Is the budgeting process a waste of time?

22 JANUARY 2020 - 3 MINS READ

What does it bring to the table?Benjamin Franklin famously coined the phrase “If you fail toplan, you are planning to fail”. As a founding father...

BI, ANALYTICS, AND REPORTING | SOFTWARE ADVICE AND BEST PRACTICES

Business Forecasting: How to avoid tripping on the Black Swan

22 OCTOBER 2019 - 5 MINS READ

One might suggest that finding the end of a rainbow is easier than the task of predicting the future. However, with each business planning cycle,...

BUDGETING, PLANNING, AND FORECASTING

Implementing Scenario Budget Planning for agile monthly forecasting

2 OCTOBER 2019 - 6 MINS READ

The concept of utilising scenarios as a method for visioning future events can be traced back to the writings of Plato's Republic. Since the days...

BI, ANALYTICS, AND REPORTING

7 signs Excel is a budget planning liability

3 SEPTEMBER 2019 - 7 MINS READ

In a previous blog, we discussed just why Excel is now a liability to your budget, planning, and management reporting process, including providing an example...

BI, ANALYTICS, AND REPORTING

When does Excel become a liability to business planning?

27 AUGUST 2019 - 4 MINS READ

Imagine a successful and growing organisation who have used an Excel model to construct their annual budget plan for many years. However, in the past...

BI, ANALYTICS, AND REPORTING | BUDGETING, PLANNING, AND FORECASTING

Key problems with Annual Budgeting: insights from Oliver Wight's Stuart Harman

27 APRIL 2018 - 1 MIN READ

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...

BUDGETING, PLANNING, AND FORECASTING

24 is the new black

23 MARCH 2017 - 2 MINS READ

Rolling planning should be the mandatory state for every business. This blog isn’t to advocate the benefits of rolling planning over a single annual plan...

BUDGETING, PLANNING, AND FORECASTING

The age of decision-making platforms has arrived!

16 MARCH 2017 - 3 MINS READ

Decision-making processes are key to your success. They direct resources, mitigate risk and exploit opportunity. Given the nature of business, decisions are both transient and...

BUDGETING, PLANNING, AND FORECASTING

How to cook a groundhog

17 FEBRUARY 2017 - 3 MINS READ

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....