scenario planning, rolling forecasts
1172 Views
Why forward-thinking finance teams opt for rolling forecasts

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]

Many finance leaders feel more comfortable with an empty spreadsheet than a blank notebook. But in today’s data-deluged world, every CFO needs to be a storyteller who injects meaning into numbers. This holds especially true at corporate board meetings, when the directors—who probably aren’t involved in the company’s day-to-day operations—require fewer data points and a clear big picture.
1767 Views
How to create compelling board reports

Many finance leaders feel more comfortable with an empty spreadsheet than a blank notebook. But in today’s data-deluged world, every CFO needs to be a storyteller who injects meaning into numbers. This holds especially true at corporate board meetings, when the directors—who probably aren’t involved in the company’s day-to-day operations—require… [READ MORE]

Data visualization; But by visualizing financial data, you can quickly and easily present the numbers in a way that tells the story behind them.
2762 Views
The importance of data visualization

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]

Most businesses today know that their financial reporting is not as good as it should be. Yet many are slow to take action to correct it. The reasons are many, chief among them: other priorities. If you’ve put improving reporting on your “back‐ burner” wish list, don’t worry. I’ve identified four easy steps that can set you on the path to better reporting.
1234 Views
For FP&A metrics that matter, try common standards

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]

Business agility equals success, says Tom Bogan, executive vice president, Planning Business Unit, Workday. But achieving agility means taking action soon.
1008 Views
Now more than ever, it’s about agility

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]

In this blog, Tom Bogan, executive vice president, Planning Business Unit, shares helpful lessons for anyone responsible for the success of a SaaS business.
1030 Views
Built to scale: lessons on growing SaaS companies

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]

CFOs using driver-based budgeting, on the other hand, can create a dynamic and agile finance-centered process that helps stakeholders make informed decisions tied to operational goals.
875 Views
3 driver-based budgeting tips for CFOs

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]