From accountants to FP&A professionals, the Office of Finance is fast becoming the engine of insight in the modern enterprise. This hasn’t always been so. For years accountants were seen as “bean counters” and CFOs as gatekeepers. But that’s changing as powerful new technologies help finance teams transform corporate data… [READ MORE]
Financial modeling is like a superpower—one that lets you test your assumptions and hypotheses across dimensions, versions, and time before executing budgets and plans. A well-formulated model lets you run unlimited scenarios across any program, department, or business unit, according to your fiscal calendar or other business milestones. In other… [READ MORE]
Hang around salespeople with any regularity and you’ll hear many opinions about sales territories—whether they’re fair, well-distributed, or in line with quotas. After all, a lot rides on getting territories right—livelihoods, corporate objectives, and business growth. It makes sense that savvy sales ops professionals turn to reasoned, data-backed territory design… [READ MORE]
If you work in the healthcare industry, I suspect you’re already accustomed to dealing with a lot of change. And from what I understand, it’s likely only going to increase. “We measure our success by market segment performance, so new regulations, fluctuating premiums, and other factors regularly impact our main… [READ MORE]
If you want a sense of how crucial automation has become to a modern finance organization, take a look at the shift in what CFOs see as the most important skill for new hires. Three years ago, 78% said it was proficiency with Excel. Last year, only 5% listed Excel… [READ MORE]
Imagine you’re at a restaurant with friends. You order a small salad, while your companions choose the most expensive items. You would probably ask for separate checks, since splitting the bill evenly would be an inaccurate way to allocate expenses. The same goes for your corporate accounting. You can’t simply… [READ MORE]
In the first part of this blog, we looked at the impact of automation and machine learning on the CFO function. In this article, we take a deeper look at specific use cases across finance, and what they mean for traditional, day-to-day finance activities. Improving Financial Planning and Analysis (FP&A) If you… [READ MORE]
Here’s how more advanced methods of automation, including machine learning, can help CFOs transform the finance function to be more of a strategic advisor to the business. In a recent McKinsey survey, only 13 percent of CFOs and other senior business executives polled said their finance organizations use automation technologies, such as… [READ MORE]
Business leaders know that people are usually the biggest expense in any organization, accounting for 70-80 percent of a given employer’s spending. And, in today’s fast-paced and fluid employment environment, HR teams are facing increased pressure to optimize the value of their organization’s people investments. This takes insights into people… [READ MORE]
If you ask someone why they still carry a flip phone, push a lawn mower, or use a computer from 1997, they might say upgrading is too much of a hassle. After all, if it ain’t broke, don’t fix it. Take spreadsheets. You might spend time every month fixing broken… [READ MORE]
