Video & Slides: http://www.proformative.com/events/beyond-spreadsheets-how-take-your-budgeting-planning-next-level
Technology is the key to unlocking the strategic value of budgeting and planning for your company. Join us as Adaptive Planning shares 6 proven best practices for best in class budgeting and planning and benchmarking data while delivering actionable advice on how to improve your company's budgeting and planning process. In addition, you will hear from Rick Smith, Manager FP&A at Engine Yard - a high growth technology company, who'll share how he's performing headcount planning, CapEx planning and more. Finally, you'll see an Adaptive Planning product demo of what strategic planning looks like when a company moves beyond spreadsheets.
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Beyond Spreadsheets: How to Take Your Budgeting and Planning to the Next Level
1. Ask, Share, Learn – Within the Largest Community of Corporate Finance Professionals
Beyond Spreadsheets: How to
Take Your Budgeting and Planning
to the Next Level
3. Ask, Share, Learn – Within the Largest Community of Corporate Finance Professionals
Beyond Spreadsheets: How to
Take Your Budgeting and Planning
to the Next Level
4. Paul Turner
Senior Director
Rick Smith
Manager, FP&A
Brian Cauley
Solutions Specialist
6 Best Practices
for FP&A
FP&A at
Engine Yard
Tech Demo
5. Expectations have increased for
finance organizations
Business Leaders
Integral part of management
Business Partners
Decision support
Process Managers
Focus on
improved
reporting and
minimizing risk
Accountants
Dominated by
complex
systems and
detail
Creates value by providing
information and analysis for
operating and strategic decisions
Provides sound
financial analysis
4
3
2
1
Stage
Key Capabilities
Transaction
Management
Controlling the
Business
Annual
budgeting
Variance
reporting
Financial
accounting
Tax, audit,
treasury
Planning & Analysis
Integrated Functional
Excellence
Rolling forecasts
Enterprise-wide collaboration
Performance
management
Empowering business units to
self serve analysis
Analysis of drivers
Predictive, ‘what if’ planning
6.
7. How frequently are you
forecasting?
1)
2)
3)
4)
Monthly
Quarterly
Bi-Annually
Annually
19%
33%
21%
28%
Based on 2012 survey by Adaptive Planning
11. How long after close do you
publish KPIs, dashboards?
1)
2)
3)
4)
5)
1-2 Days
2-5 Days
5-10 Days
More than 10 Days
Not Producing
9%
9%
15%
11%
57%
Based on 2012 survey by Adaptive Planning
12. Traditional accounting measures, e.g., net profit, are only part of the
picture when it comes to understanding business performance.
Measurement Gap Between Accounting Measures and Real Business Value
The Gartner Business Value Model: A Framework for Measuring Business Performance, March
2013
15.
What: Provide your operations managers with customized models
Why: One size does not fit all
– Sales is different from IT, which is different from Facilities
How: Start with one function, e.g., Sales, as a prototype
–
–
–
–
Make sure you understand their business before you build the model
Integrate data from their key systems, e.g., Salesforce
Involve them from the beginning, or else
Make sure it’s something that benefits them, not just you
Link and align models
Foster ownership by the operations team
16.
17. Do at least 50% of
managers with spending
authority participate?
1) Yes
2) No
46%
54%
Based on 2012 survey by CFO Research/CFO.com
20. How is data accessed by
your employees?
Now Desired
1) Request finance 83% 22%
2) Self-serve apps 17% 78%
Based on survey by Amanino Mckenna
21.
22. “
More than 90% of spreadsheets contain
serious errors, while more than 90% of
spreadsheet users are convinced that
their models are error-free
”
23. The Leader in Cloud Business Analytics
Our cloud business analytics platform empowers management
teams to transform their planning, reporting, consolidations
and analysis–improving productivity, costs & decisions.
2,000
customers
400+
partners
90%
growth
100
countries
#5
Fast 500
#1
share
24. INTEGRATED SUITE
BI & CPM
Intuitive experience
Powerful & flexible
Exceptional service
Continuous innovation
INTUITIVE
User Experience
ADAPTIVE PLATFORM
MODELING | COLLABORATION | ANALYTICS
360o view of business performance – past, present & future
VisionAt Adaptive, we have a view of the differentroles finance can play and how they contribute to the organization. From being an effective manager of financial systemsand reporting to becoming a strategic leader of the company and empowering other business units within the organization.Our goal is…To give you the tools you need to implement the best practices that will move you up the scale, so that you can be a bigger contributor and leader within your organization.
As finance professionals, having a plan that’s out of date is UNACCEPTABLEThe only reason we tolerate outdated plans is because budgeting is such a chore!! Make forecasting easy, so we can do it more frequently.One source of truth – integrated actuals & forecasts
For example, a sales forecast would drive a production plan, which would feed a financial plan.
And here from Aberdeen, again: In the category of company organization, Aberdeen found that the Best-in-Class companies held their managers accountable for budget accuracy at all levels throughout the organization 86% of the time, compared 45% for laggard companies. They also found that best-in-class companies established enterprise-wide collaboration across departments and divisions 70% of the time, compared to 39% for laggard companies.
1) What is CPM & BI? We empower financial and operating executives to transform their budgeting, forecasting, reporting and analysis via the cloud.2) Why important? Save you time & money. Tools to make better decisions faster.Green bullets…3) 1600 customers and 400 partners across 80 countries. All industries and sizes, some of leading enterprise names shown below, but also many mid-market4) Fast Growth - Deloitte recognized us as the 5th fastest growing software in the Valley (software bookings up 90% annually) – AND 47 of our customers also on this list5) #1 Share – We have 5X more customers than all of the other cloud CPM vendors combined.
Adaptive will fundamentally change how you run your business. We provide the only cloud business analytics solution that gives you a 360 degree view of your organization’s performance – past, present, and future. The Adaptive Suite includes Planning, Consolidation, and Discovery. Each product is an individual solution that stands on its own as the best of breed in the cloud. Our solutions also seamlessly integrate with one another in a powerful cloud platform. We’ve achieved the perfect balance of powerful and flexible features with an intuitive and easy customer experience, in a suite of products that requires only a web-browser to be used. Managers spread across multiple geographic locations can collaborate and contribute jointly, in a secure environment with minimal coordination from finance. We’re constantly improving our products and deliver new software updates to our customers every 90 days.