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 years—how do you do it? Probably not much differently from how you did it five years ago—or at least the change only happens in years three through five.
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Pick your winners and feed them big-time

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 a balance between the supply of funding and the demand for services.
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How I learned to love budgeting (and you can too)

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]

Remember that strategy is all about making choices of what to do and what not to do. If you’re not choosing between different options, you’re not doing real strategy work. Moreover, it is FP&A’s vision to drive the right strategic choices in the company, so the department must also push for getting alternatives on the table. Let’s see what a real strategy discussion should look like.
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How do you know your plan is the best plan?

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]

Recently at Adaptive Live 2019, a group of these change agents stepped into the spotlight in a well-deserved celebration of the outstanding, real-world results they’ve achieved with the Adaptive Insights Business Planning Cloud. The annual Torchie Awards are always a high-profile part of Adaptive Live.
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Agents of change in the age of urgency

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]

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5 tips for better board reporting

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]

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Step up your FP&A game with rolling forecasts

When it comes to FP&A forecasting, most companies base their long-range forecasts on static planning processes, rather than more relevant, dynamic plans that reflect the complexities of the business. Relying on a forecast that doesn’t enable continuous monitoring of company performance, instead of implementing a modern, rolling forecast approach, is like using… [READ MORE]

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Innovation in overdrive

At Adaptive Live 2019, which is underway this week in Las Vegas, the future is coming into focus for planning professionals from around the world who have gathered here to discover new tools and technologies that will help them plan for what’s next. I’m happy to say we’re giving them… [READ MORE]