Creation Technologies provides original equipment manufacturers around the world with integrated electronics manufacturing services solutions that help customers accelerate time to-market, reduce operating costs, and grow revenue. Using a complicated on-premise solution for forecasting that required extensive IT support hampered the company’s ability to become more strategic. After performing due… [READ MORE]
In the recent 2019 State of the Internet presentation, Mary Meeker, the Midas List Kleiner Perkins/Bond Capital partner behind Spotify, Dropbox, Instacart, Slack, Square, Airbnb and Houzz, as well as Facebook and Twitter, captured how the internet is transforming the consumer and enterprise world, and even the political and regulatory sphere.… [READ MORE]
This article is not about the budget process—yet it plays a leading role—but more about the strategy process and the role of budget. When we look at the strategy process, our starting point is that we want to create value. However, once we leave the room, emphasis shifts from the great… [READ MORE]
It’s budget time and you’re about to allocate the resources for next year. How do you allocate them? Probably more or less the same way as last year, right? Let’s take it up a level. Now it’s capital allocation time. You’re about to allocate the resources for the next five… [READ MORE]
Between decreasing government appropriations, fluctuating enrollments, increasing pressure for tuition increases and rising costs of salaries and benefits, many higher education institutions are feeling the pinch. While this is nothing new for Ramapo College of New Jersey, as the chief budget officer I see that it’s becoming harder to find… [READ MORE]
Every company has a plan based on its strategy and featuring initiatives that are supposed to boost value creation. However, how do you know that the plan you have is the best one? You won’t know until you’ve discussed some real alternatives. What choices do you have? Remember that strategy… [READ MORE]
Think about today’s world: Is it stable, predictable, and slow-paced? No matter whom you ask, the answer is likely no. Let me ask a different question. Can you accurately plan for the future of your company using a certain set of financials? In my experience, very few succeed—our forecast accuracy… [READ MORE]
Do me a favor and think about the strategy process for a moment. You start out with high-flying ambitions, getting inspired by some of the world’s greatest thinkers. You do brainstorming sessions about all sorts of initiatives you want to launch to become a world-class company. You see presentations from… [READ MORE]
By 2025, 80% of finance executives surveyed by Deloitte say they will undergo some kind of transformation. For instance, they’ll elevate their role to provide strategic insights to the business, move to real-time planning and decision-making, automate manual processes and transactions into frictionless operations, and more. A full two-thirds (66%)… [READ MORE]
As a finance leader, you’re intimately familiar with your company’s data and KPIs. But guess what? Most of your board members aren’t—and they don’t want or need that level of detail. What do they want? Like your CEO, board members are searching for trusted, strategic deputies who can provide high-level,… [READ MORE]
