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.
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.
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
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.
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 .
No-one likes change, clinging to the status quo like a security blanket. We prefer the devil we know, to taking a leap into the unknown. This is just as true in the world of FP&A, maybe more so. So what is holding us back from making changes even when we know there’s a need, and what is the cost of doing nothing.
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%.