The practical impact of Brexit on financial forecasting
The result of the EU referendum in the UK has created uncertainty in the market and in business, and turmoil in politics. I am not a political pundit or an economist so don’t worry I’m not about to ‘join’ the debate. For an analysis on the impact of Brexit, there is a useful article from Deloitte .
There is a good deal of focus these days on finance leading the way and how financial planning and analysis is critical to business strategy. All true and valid, yet many of you are probably still grappling with finding a solution which can deliver the basics, such as a forecasting system with up-to-date, accurate and reliable information.
For many the sentiment above will resonate. Whilst we finance people love Excel and what we can do with it, we can all quote instances where inherent errors contained in spreadsheets were to blame for shocking financial error.
Three controls needed for accurate, agile control of your planning
On first observation, helicopters & Cash flow forecasting don’t appear to have a great deal in common. I am in the lucky position to have flown helicopters and I admit to a weakness for the speed, agility and control you get from a very simple set of controls. Ever since seeing those opening credits of Magnum (which I know ages me) showing T.C’s chopper swooping along the coast of Hawaii I wanted to fly one.