There’s a lot of talk these days about how to drive deeper engagement between finance and business teams. One way to do so is with financial dashboards. Visual analytics open the door for a more collaborative environment in which easy-to-interpret data is more readily shared and can be accessed by… [READ MORE]
SaaS Sales and Finance collaborate together in planning, forecasting and day-to-day Sales management issues. That collaboration can be smooth and extremely productive, or there can be less productive friction. Working with hundreds of SaaS and software Finance organizations to collect and benchmark key Sales-related metrics, we’ve seen some best practices… [READ MORE]
In my role, I’m lucky that I get to speak to many industry-leading organizations about their challenges in workforce planning. The most common theme in these conversations is, beyond a doubt, the need for these organizations to up their game and move beyond the headcount planning processes of the past.… [READ MORE]
We all know the methods used to create favorable departmental budgets and forecasts. Managers ask for more than what’s required with the hope of agreeing on the budget they actually want. Junior managers promise unprecedented results in exchange for executive support and an investment in their new ideas. And, of course, the seasoned, senior managers warn… [READ MORE]
If you’re like the average business, it takes your finance team 77 days to complete an annual budget, according to an Association for Financial Professionals Benchmarking Survey. So if you started your budget Jan. 2 (the day after the New Year’s Day holiday), it would be complete today—77 days later.… [READ MORE]
If a picture is worth a thousand words, what is one chart worth? For some CFOs the answer is potentially millions in revenue. It can increase their influence in the boardroom and be a fast track to the CEO position. Here’s why: Finance teams are being tasked with processing—and making… [READ MORE]
How does a highly effective finance team take control of complexity and fragmented information? They start by building common standards that help employees across the company integrate information in an efficient way to deliver a single version of the truth. Like many streamlined practices, the idea of common FP&A metrics… [READ MORE]
If it seems like the forces of change bearing down on your business are accelerating, it’s only because they are. Globalization and digitalization are rapidly causing markets to flatten. Disruptive competitors can shatter the prospects of long-standing leaders. Customer expectations are soaring—causing companies to realize that in the concierge economy,… [READ MORE]
Late last year, Gartner forecast that by 2021, cloud revenues will total $278 billion. Certainly, broad market demand can provide a nice tailwind for your business, particularly in this age of digital transformation. However, success is ultimately determined by what you do to make your SaaS business successful. I’ve had… [READ MORE]
Inputting departmental budgets on multiple Excel worksheets; manually reconciling variances and correcting errors; broken formulas, misinformation, and inaccuracies. The life of a finance team during budget season is arduous and often frustrating. CFOs tasked with budget presentations often find themselves explaining numbers and assumptions that are far out of date… [READ MORE]
