THE RESOURCE FOR CORPORATE FINANCE, ACCOUNTING & TREASURY PROFESSIONALS

James Myers
Director, FP&A Strategy Consulting
Proformative is the largest and fastest growing online resource
for senior level corporate finance, treasury, and accounti...
After participating in this event you will be able to:


Discover how to apply the Lean Analytics Cycle (Metrics > Hypoth...
THE RESOURCE FOR CORPORATE FINANCE, ACCOUNTING & TREASURY PROFESSIONALS

James Myers
Director, FP&A Strategy Consulting
http://m.entrepreneur.com/article/228176#!
http://m.entrepreneur.com/article/228176#!
In late 2008-early 2009, Google decided to expand finance.
But instead of hiring a lot of additional finance
practitioners...
Strategic Alignment
-

Lean analytics
Sales process development
Business model & strategy
deployment and
optimization

His...
http://ww2.cfo.com/leadership/2013/07/a-new-breed-of-cfo/
•

•
Source: Deloitte CFO Signals, Q3 2012
Lean Startup
Spending the least amount
of resource (time and
money) to discover a
sustainable business model,
for business...
•

•

•
•
The Black Swan – Nassim Nicholas Taleb
Hypothesis

Act

Metrics

Experiment
Hypothe
sis

Act

Metrics

Experim
ent
Hypothe
sis

Act

Metrics

Experim
ent
Hypothe
sis

Act

Metrics

Experim
ent

•
Hypothe
sis

Act

Metrics

Experim
ent
Hypothe
sis

•
Act

Metrics

Experim
ent

•

•
•
•
•
•
Hypothe
sis

•

Act

Metrics

Experim
ent

6%

6%

5%
4%

4%

Wk 36

Wk 37

4%

4%

3%
2%
1%
0%

•
•
•
•

Wk 38

Wk 39
Hypothe
sis

Act

Metrics

Experim
ent
Hypothe
sis

Act

Metrics

Experim
ent
•
•
•
•
•
Make Note…

Please join us at www.proformative.com to ask any
additional questions and to continue this conversation
with ...
Sponsor
FP&A: Innovations in Financial Analytics to Support Organic Growth and Business Strategies
FP&A: Innovations in Financial Analytics to Support Organic Growth and Business Strategies
FP&A: Innovations in Financial Analytics to Support Organic Growth and Business Strategies
FP&A: Innovations in Financial Analytics to Support Organic Growth and Business Strategies
FP&A: Innovations in Financial Analytics to Support Organic Growth and Business Strategies
FP&A: Innovations in Financial Analytics to Support Organic Growth and Business Strategies
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FP&A: Innovations in Financial Analytics to Support Organic Growth and Business Strategies

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Video & Presentation: http://www.proformative.com/events/fpa-innovations-financial-analytics-support-organic-growth-business-strategies

Despite recent advances in cloud computing and related technologies, many organizations are still far from where they want and need to be in leveraging data to drive performance improvements. Companies still often apply intuition, rather than hard data, when making strategic and operational decisions. Even when companies define performance metrics, many define vanity as opposed to actionable metrics. Discover new ways to leverage your data to drive shareholder value. In this webinar, you will see how companies are utilizing financial analytics to drive a competitive advantage.

Published in: Economy & Finance, Business
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FP&A: Innovations in Financial Analytics to Support Organic Growth and Business Strategies

  1. 1. THE RESOURCE FOR CORPORATE FINANCE, ACCOUNTING & TREASURY PROFESSIONALS James Myers Director, FP&A Strategy Consulting
  2. 2. Proformative is the largest and fastest growing online resource for senior level corporate finance, treasury, and accounting professionals. A resource where corporate finance and related professionals excel in their careers through:  Uniquely valuable, online Peer Network  Direct subject-matter-expert advice  Valuable Features and Resources All of it completely noise-free Check it out at www.proformative.com
  3. 3. After participating in this event you will be able to:  Discover how to apply the Lean Analytics Cycle (Metrics > Hypothesis > Experiment > Act) to your business  Learn the difference between vanity and actionable metrics  Practical examples of how actionable metrics can be used to drive change in an enterprise
  4. 4. THE RESOURCE FOR CORPORATE FINANCE, ACCOUNTING & TREASURY PROFESSIONALS James Myers Director, FP&A Strategy Consulting
  5. 5. http://m.entrepreneur.com/article/228176#!
  6. 6. http://m.entrepreneur.com/article/228176#!
  7. 7. In late 2008-early 2009, Google decided to expand finance. But instead of hiring a lot of additional finance practitioners, the company instead hired engineers and business intelligence professionals. Google then stopped hiring in finance altogether later in 2009 and determined that any incremental growth would be on an emergency basis. Thomas explained that Google CFO Patrick Pichette adheres to the Six Sigma methodology. "He said, 'You need constant improvement. As time goes on, you should be getting better and better at what you do. And if this is working out where we're hiring all of these BI and technical people, you should be able to keep up with your workload,'" Thomas explained. Over time, Google reduced its finance workforce yet still maintained its productivity. But how did it do so? "We did three things," said Thomas. "We eliminated, automated and simplified." http://www.afponline.org/mbr/reg/res/reg_news/Case_Study__How_Google_Overhauled_its_Finance_Department.html
  8. 8. Strategic Alignment - Lean analytics Sales process development Business model & strategy deployment and optimization Historic Reporting Future predictability - - - Maintain control and integrity of information Traditional analytics Financial reporting Revenue planning Budgeting Managing financial risk
  9. 9. http://ww2.cfo.com/leadership/2013/07/a-new-breed-of-cfo/
  10. 10. • •
  11. 11. Source: Deloitte CFO Signals, Q3 2012
  12. 12. Lean Startup Spending the least amount of resource (time and money) to discover a sustainable business model, for businesses that operate in high uncertainty Lean analytics: the tools that measure how sustainable a business is. A business can be sustainable in 1 of 3 ways: 1. 2. 3. Sticky - people keep coming back Viral - word of Mouth Paid – Advertising/Sales teams Techniques to make smarter business decisions, with reduced resources (time and money) during times of high uncertainty
  13. 13. • • • •
  14. 14. The Black Swan – Nassim Nicholas Taleb
  15. 15. Hypothesis Act Metrics Experiment
  16. 16. Hypothe sis Act Metrics Experim ent
  17. 17. Hypothe sis Act Metrics Experim ent
  18. 18. Hypothe sis Act Metrics Experim ent •
  19. 19. Hypothe sis Act Metrics Experim ent
  20. 20. Hypothe sis • Act Metrics Experim ent • • • • • •
  21. 21. Hypothe sis • Act Metrics Experim ent 6% 6% 5% 4% 4% Wk 36 Wk 37 4% 4% 3% 2% 1% 0% • • • • Wk 38 Wk 39
  22. 22. Hypothe sis Act Metrics Experim ent
  23. 23. Hypothe sis Act Metrics Experim ent
  24. 24. • • • • •
  25. 25. Make Note… Please join us at www.proformative.com to ask any additional questions and to continue this conversation with your peers. If you have questions about CPE Credit, please send an email to cpe@proformative.com
  26. 26. Sponsor

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