It has long been said that cash is king and lack of it which brings a company down. So to forecast using just P&L figures restricts the ability to see the impact of one of the key threats to an organisations ability to hit their targets. We take a look at why so many models fail to pull cash into the plan and what you can do to fix this with a few simple steps.
The latest Magic Quadrant for Cloud Financial Planning and Analysis Solutions from Gartner is out, and Adaptive Insights shows it is a winner across the board.
The CFO Agenda event was held on 9th May and covered a wide range of finance related topics. There was a real buzz, with people getting properly engaged in the sessions.
This blog post will look at what good financial analysis looks like. seasoned finance people know the value of good analysis, but there is so much which gets in the way of being able to do this well, so here are some steps to take to ensure you get the most out of analysis.
Judgment on how the business is performing is based on a whole heap of parameters. sales, operational and specific KPI's rnd financial data, as well as confidence and other less tangible information. Financial decisions, such as securing loans, acquiring new assets, or issuing stocks and bonds, flow from good analysis, so its not surprising that emphasis on this skill is high, and growing.
We have all seen, or worked with, or even built, a spreadsheet monster. There is a high chance that there is one lurking in your office somewhere. They usually congregate in the Finance department and can often be seen during budgeting. They tend to come out at night, usually with their keeper.
budgeting need an overhaul?
Usually budgeting starts in mid-summer and can drag on until January soaking up hours of time and effort., With the blink of any eye, changes in planned growth and the commercial environment can impact a static plan rooted in decaying assumptions. So to combat the aging process of your budget we look at processes, approach and to aid budgeting.
Tech companies are dominating the ranks of the fastest-growing industries. According to Forbes they experienced an average of 18% sales growth in 2016. This is more than double the average growth rate across all sectors of 6.8%.
Today’s businesses are generating mountains of data at a rate estimated to be doubling every year. Managing this data is a challenge in itself, but that’s only part of the puzzle. One of today’s financial pit falls – data silos - is the other part.
Unless you've gone through fast growth before, the pitfalls and stress it presents can be overwhelming. So we've put together an inside track series to help you pick your way through the growth maze; offering guidance on the financial essentials needed and tips to making sure the company continues to rise rather than falter.
Feeling overwhelmed by data? You're not alone. Don't get us wrong, data can be great, but we need the right tools and skills to use it effectively. Financial leaders are finding themselves spending more time juggling data, than rather than harnessing its power for analysis. Don't let information overload you, discover new ways to handle it.