If you are struggling with Excel fatigue and asking if it's time to move on then this article will help you diagnose if it is the right time to look for an alternative planning, forecasting and budgeting solution?
Speed is of the essence when it comes to decision making. What drives this is good information and processes.
So from start line finish how long does this process of decision making take in your organisation?
Winning a drag race is about engine power and transmitting that into grip on the road, as well as a good driver to steer the course. In the decision making process the power is in the information to drive the decision, transmission is about getting insights and reports out to all the relevant stakeholders and the driver is you, the CFO who steers the course by providing good analysis and insight.
We've all been there; hard pushed for time, a critical business event demands a re-forecast. Meanwhile the egg-timer on screen tells you the mammoth spreadsheet you're trying to open, is going to take another 12 minutes! So here a few things you COULD be doing with your time, instead of sitting waiting for your monster spreadsheet to open, if you moved to cloud planning.
- creating a new scenario
- Updating assumptions
- writing a new report
- reviewing the results
Time on your hands? It is a fact that few of us have time on our hands these days. In the finance function this is truer than most.
As the dust settles on the hiatus of the year end and January month end thoughts turn to projects, and getting things underway before the summer holidays kick in.
However your road map, can be mown down by the Juggernaut of business demands which hit your best laid plans, by tieing up your team, time and energy. So here are a few arguments for putting finance improvement first which the business will want to listen to.
Planning is becoming a core need for business today. And there is a lot of software out there to help in the process. If you are looking at improving the way the business forecasts and planning improvement is on your radar, then here are some tips on how to assess and what to look for as part of your planning weaponry.
As long as there has been budgeting there has been debate about whether Top down or Bottom up is the best approach. As consultants it is probably the most common conversation we have with our customers. Both have their pro’s and con’s, but, until now, they have also been mutually exclusive.
As a Netsuite user you know it delivers in many ways - but planning isn't one of them. So if you are looking to speed up your forecasting processes on Netsuite here are 5 sweet spots you want to hit.
We work with organisations both large and small from many different sectors, they start their journey with a common desire to take their planning capability up a gear.
Can old systems cost you valuable talent? - lets face it days spent manipulating chunks of data and making sure all the numbers still add up is no-ones idea of a good time.
Today one of the biggest challenges for companies is finding, attracting and retaining talent. Once you have it, the cost of new people being trained as well as the time it takes to bed them in can all impact a business. So why do we waste this talent doing repetitive, mundane and uninspiring drudge work on old systems which don't do the job anywhere as well as the new breed solutions.
Tags: transforming finance
make life a little easier,give everyone a break and invest in the right kit to budget, forecast and report in 2018 everyone will thank you for it .