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Hand pointing pencil to arrow head with financial chart and graph on city and map background, indicating rolling forecasts.

5 Steps to Getting Your Business on Board with Rolling Forecasts

Many businesses spend weeks or months laboring over their annual plan, even though by the time it’s finished, the market has changed dramatically and its assumptions are out of date. These businesses forecast based on historic data and the best guesses of functional business leaders and line managers. They don’t change course no matter what competitive winds batter them.

There’s a better way to navigate choppy business seas. Instead of being once-a-year exercises, rolling forecasts happen on a regular cadence. Unlike budgets that may have hundreds or thousands of line items, they focus on key business drivers. And rather than focusing on the past, rolling forecasts act as early warning systems when you’ve drifted off course.

Download our eBook 5 Steps to Getting Your Business on Board With Rolling Forecasts.

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Here at Adaptive Insights, we recently wrapped up our second Innovation Week. Not only does this event continue to produce useful, amazing new product features and processes. It does something we consider even more fundamental: It fosters the creativity of an intimate startup culture even as we continue to grow around the world.

How to Sustain an Idea-Forming Company Culture

Here at Adaptive Insights, we recently wrapped up our second Innovation Week. This event continues to produce useful, amazing new product features and processes. It also does something we consider even more fundamental: It fosters the creativity of an intimate startup culture even as we continue to grow around the world.

That entrepreneurial culture is worth preserving. But ironically, success can be the very thing that threatens a company’s innovative spirit. After all, it was easy to avoid forming departmental silos when we were a company of about 15 employees working out of a single Silicon Valley building in 2003. We all wore many hats, and the cross-pollinating of ideas between departments was natural and fluid. Continue reading

But by following a proven approach developed by Jeff Epstein and Byron Deeter, you can establish a transformative budgeting practice that enhances communication and collaboration, better informs planning, and can even help drive growth. In other words, it's "just right."

No More Fairy Tale Budgets: Goldilocks Gets It Just Right

The age-old fairy tale Goldilocks and the Three Bears is admittedly an unlikely source for budgeting best practices. Yet FP&A professionals who are looking to transform their budget process would do well to revisit the main theme of this familiar story.

If you recall, Goldilocks ventures into the Three Bears’ house, and through trial-and-error, eventually strikes upon the food, seating, and sleeping arrangements she deems “just right.”  Continue reading

Forbes recently met with our CFO Jim Johnson to discuss what’s required of the modern CFO. Here's the full article

Forbes Chats Up Adaptive Insights CFO Jim Johnson

The role of the CFO continues to evolve. No longer restricted to number-crunching and spreadsheet management, today’s finance chiefs are fast becoming the go-to source for business insight and strategy. Forbes recently met with our CFO, Jim Johnson, to discuss what’s required of the modern CFO. Read on and enjoy!

The Modern CFO: From Storytellers to Data Experts

By Jeff Thomson, Forbes contributor

On CFO Insights, I’ve long discussed the challenges associated with the evolving business landscape, particularly its effect on the finance function. From the need to adopt new skills to hire the right talent, CFOs have had to stay nimble and ahead of the curve. This month, I sat down with Adaptive Insights CFO, Jim Johnson, to explore what’s actually required of the modern CFO. For Jim, it’s a mix between being the storyteller and adopting the role of Chief Digital Officer in tandem with your finance work.  Continue reading

Register for our Finance Leadership Series and learn how you can take the next step in your Finance Transformation journey. Find an event near you.

Finance Transformation: You Don’t Have to Go It Alone

Does the term “finance transformation” sometimes sound like a lofty goal that can only be achieved with a whole lot of time, effort, and resources? Do you believe you need to transform your organization but have no idea how or where to begin?

At Adaptive Insights, we understand that the thought of undergoing a transformation can sound overwhelming. That’s why we’ve decided to take hundreds of our customers on the road with us so they can share their own transformation journeys. Just this week, we kicked off a Finance Leadership Series that will visit 47 cities across the globe, with a goal to educate attendees on how to make the transformational changes that will drive their businesses forward.  Continue reading

Wellesley Start

Going the Distance for Cancer Research

Another day, another hot afternoon. Welcome to Boston in August.

Massachusetts’ capital city has seen its share of 90-degree temperatures this summer, but the weather was lovely for the Adaptive Insights team during last month’s Pan-Mass Challenge (PMC). “I’m happy to report that all of the team completed the 84-mile bike ride in good health and good spirits,” said Javier Florez, a solutions expert based in Boston.  Continue reading

Business concept shot of a beautiful young woman sitting at a desk using a computer in a green field raising her arms into a bright blue sky with fluffy white clouds, symbolizing rapid adoption of cloud CPM software.

Why the Cloud Is Expanding CPM Beyond Finance

We appreciate awards just as much as the next company. And we’ve certainly received our share recently.

Forbes magazine just named Adaptive Insights to its first Forbes 2016 Cloud 100, a list of the world’s top 100 private cloud companies. What’s more, CIOReview magazine included Adaptive Insights in its list of the 20 Most Promising Cloud Solution Providers of 2016Continue reading

Ascending the Peak to Strategic Finance

Adaptive Insights infographic showcasing the strategic value of data analysis for CFOs.

Over the past decade, CFOs have become increasingly involved in corporate strategy. With a broad view of the business, these strategic leaders should be in the ideal position to identify areas for growth, manage spend, and reveal threats that will impact the trajectory of the company.

But gaining a truly unobstructed view of the business requires them to precisely, accurately, and efficiently ascend to the top of a mountain of data—and they can’t scale that mountain alone.

CFOs must feel confident that they can rely on a strategic FP&A team, so that together, they can set a strategic course for their organization—even in turbulent times—and jointly discover the key data and insights that will enable long-term growth and sustainability.

Our Q2 2016 survey asked over 300 global CFOs about their expectations for FP&A team staffing, composition, and capabilities—looking to understand the state of the FP&A function today and into the future. The survey also queried CFOs on their confidence with global economies and their ability to accurately forecast sales amid today’s market uncertainty.

Our study revealed that 75% of CFOs want their teams to have a strategic and strong impact on their organizations, yet only 46% believe they will have that kind of impact by 2017. These CFOs also estimate that 11 to 25% of their teams’ time is spent on strategic tasks today, and they expect that number to grow to 25 to 50% by 2020.

The key question is: How will they get there? The majority do not intend to increase staffing. Rather, they plan to implement new technology and training programs to enable their teams to get to the next level of strategic finance.

Check out our infographic for more information on how modern CFOs are planning to build a strategic FP&A function.

Download the Adaptive Insights CFO Indicator Q2 2016 report, “Peak Ascent: How FP&A Can Guide CFOs to Great Heights,” for more insights, survey results, and charts based on input from the 307 global CFOs in our latest survey.

Hand writing a Poor Rating Concept

How to Improve Your Financial Budgeting Process

What’s inefficient, hinders corporate progress, and stifles productivity? You guessed it—the financial budgeting process.

In an era where the modern CFO is steadily emerging as a strategic force—armed with real-time data and game changing insights—it’s clear that old-school budgeting procedures just don’t make the cut.

So why do business finance professionals today still struggle with traditional financial budgeting? We’ve broken it down to the following four reasons based on the Harvard Business Review’s white paper, “The Annual Performance Trap: Why the Budgeting Process Must Change.”

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Metaphor of risk in business. Risk management concept. Businessman remove one piece from tower wide banner

Why CFOs Need to Stop Running from Risks

Gone are the days when CFOs were seen as corporate naysayers, stamping out ambitious plans. As the pace of business change accelerates, modern CFOs know that leaning into the right risks can mean the difference between a company that thrives and one that’s merely treading water. But just because embracing risks has moved to center stage at many companies doesn’t mean that all risks are created equal.

Everything from Brexit and the U.S. presidential election to uneven global demand and shifting consumer preferences has tamped down risk appetites at many companies. A recent survey of more than 100 North American CFOs found that expectations for revenue, earnings, capital spending, and domestic hiring all declined—with some expectations now at or near six-year lows. Continue reading