Forecasting and planning in today’s fast-changing business landscape is a challenging task for any organization. To survive, organizations require agile forecasting and planning processes to proactively manage change. Progressive CFOs and their teams recognize that the forecasting and planning processes, when done right, are powerful tools for informing the future of the organization.
4 reasons you need to find budget for work management softwareWorkfront
As the person who is trying to change the way work gets done in your department or organization, you need back up.
Use this presentation to become the expert and show your team and exec the problems with staying with the project management status quo and what they need to do next.
Make your entertainment industry accounting team more strategicRKLeSolutions
As a finance leader in the entertainment industry, you deal with a unique set of challenges including managing multiple entities, creating consolidated reports, planning for the future, closing the month, and a whole lot more. The only way to do this well is to automate manual tasks with technology and free your team to be strategic. Would you like to know how to do this better? See how RKL eSolutions has helped Skydance, Legendary, and Spyglass Media improve their business processes with automation.
Learn the benefits of utilizing IBM Planning Analytics on-cloud for your financial reporting, budgeting and business intelligence at your organization. For more information about IBM Planning Analytics and to start your trial, visit http://www.crescointl.com.
While many CIOs point to cost savings as the primary driving force of their Cloud initiatives, a growing number are seeing broader benefits that are focusing their team on delivering greater business value. Hudson CIO Mike Whitmer, and Trex CIO Kirby Miner presented a webinar on migrating to the Cloud and the ramifications on their budgets, their business and their people.
Topics include:
• Real-world Cloud ROI calculations: benchmark your potential for cost savings
• The business case for migrating to Cloud: to share outside the IT department
• How to get started with a hybrid approach: so you can see immediate benefit
• How the Cloud will impact your staff: key issues to address within your organization
Investment in business information technology (IT) should not be valued in a vacuum. The investment must be for business purpose that is used to increase company revenue, market share and profit (via reduced expenses); therefore, IT projects need to be evaluated as any corporate use of funds.
4 reasons you need to find budget for work management softwareWorkfront
As the person who is trying to change the way work gets done in your department or organization, you need back up.
Use this presentation to become the expert and show your team and exec the problems with staying with the project management status quo and what they need to do next.
Make your entertainment industry accounting team more strategicRKLeSolutions
As a finance leader in the entertainment industry, you deal with a unique set of challenges including managing multiple entities, creating consolidated reports, planning for the future, closing the month, and a whole lot more. The only way to do this well is to automate manual tasks with technology and free your team to be strategic. Would you like to know how to do this better? See how RKL eSolutions has helped Skydance, Legendary, and Spyglass Media improve their business processes with automation.
Learn the benefits of utilizing IBM Planning Analytics on-cloud for your financial reporting, budgeting and business intelligence at your organization. For more information about IBM Planning Analytics and to start your trial, visit http://www.crescointl.com.
While many CIOs point to cost savings as the primary driving force of their Cloud initiatives, a growing number are seeing broader benefits that are focusing their team on delivering greater business value. Hudson CIO Mike Whitmer, and Trex CIO Kirby Miner presented a webinar on migrating to the Cloud and the ramifications on their budgets, their business and their people.
Topics include:
• Real-world Cloud ROI calculations: benchmark your potential for cost savings
• The business case for migrating to Cloud: to share outside the IT department
• How to get started with a hybrid approach: so you can see immediate benefit
• How the Cloud will impact your staff: key issues to address within your organization
Investment in business information technology (IT) should not be valued in a vacuum. The investment must be for business purpose that is used to increase company revenue, market share and profit (via reduced expenses); therefore, IT projects need to be evaluated as any corporate use of funds.
This ISG white paper discusses the benefits of linking IT costs to business activity, and of analyzing the potential impact of IT investment on performance improvement
Gramener is always on the lookout for talent who like to work with numbers and aspire to be the Algorithm Translators.
This deck is presented to cohorts at IIM's and other B School as part of Gramener company overview session.
IBM Planning Analytics 2.0: New Capabilities for TM1 UsersSenturus
Planning Analytics 2.0 discusses new features including Planning Analytics local – on-premise version, hierarchies – virtual dimensions, PAx – best of CAFE and perspectives and chat – post messages regarding content. See demonstrations of these features here: http://www.senturus.com/resources/ibm-planning-analytics-2-0-new-capabilities-for-tm1-users/.
Senturus, a business analytics consulting firm, has a resource library with hundreds of free recorded webinars, trainings, demos and unbiased product reviews. Take a look and share them with your colleagues and friends: http://www.senturus.com/resources/.
Creating IT Value-A Better Way to Make IT Investment DecisionsScottMadden, Inc.
All IT organizations are resource constrained—demand exceeds supply. Organizations need criteria to decide which projects warrant allocation of high-value constrained resources. This is the second in a series on maximizing IT investment value.
Will your portfolio deliver the growth you expect? Now, for the first time, be able to accurately predict which projects in your portfolio will fail - and why. A new, proven method for accurate prediction of future success will improve what your portfolio can deliver.
The number of cyber attacks against organizations continues to grow in complexity, frequency, and severity. SSOs handle confidential and restricted personal data, making them a target for cyber crimes. Since the SSO is accountable for protecting sensitive corporate and employee information, care must be taken to understand and protect the flow of this sensitive data.
How do you properly manage cyber threats? A robust cybersecurity program is imperative to protect your organization, employees, and customers.
In this report, find out about the building blocks needed for an effective SSO cybersecurity program.
To learn more, please visit www.scottmadden.com.
The global pandemic returned digital transformation to the spotlight. The lockdown put every digital business model to the test. Some organizations proved agile and resilient, but most were sent back to the drawing board to reconstruct their digital and analytic foundations.
In response, the modern C-Suite is now being tightly knit into one digital whole, connected by a web of data and analytics.
These slides--based on the webinar from leading IT research firm Enterprise Management Associates (EMA)-- outline the priorities of digital transformation in the modern C-Suite.
World of Watson 2016: Journey to Cognitive Excellence - Harness the Force of ...Julie Severance
Becoming a cognitive business is a journey, not a destination. A cognitive analytics culture is not something you can just buy or install. Although the right technology is crucial, its true value arises when the organizational mindset changes. Many organizations have learned to embrace analytics, but embracing cognitive is another step entirely, and it’s one that may be even more challenging. However, the possibilities are endless and the potential rewards make it worthwhile.
Data is the lifeblood of just about every organization and functional area today. As businesses struggle to come to grips with the data flood, it is even more critical to focus on data as an asset that directly supports business imperatives as other organizational assets do. Organizations across most industries attempt to address data opportunities (e.g. Big Data) and data challenges (e.g. data quality) to enhance business unit performance. Unfortunately however, the results of these efforts frequently fall far below expectations due to haphazard approaches. Overall, poor organizational data management capabilities are the root cause of many of these failures. This webinar covers three lessons (illustrated by examples), which will help you to establish realistic OM plans and expectations, and help demonstrate the value of such actions to both internal and external decision makers.
Takeaways:
Organizational thinking must change: Value-added data management practices must be considered and included as a vital part of your business strategy.
Walk before you run with data focused initiatives: Understand and implement necessary data management prerequisites as a foundation, then build upon that foundation.
There are no silver bullets: Tools alone are not the answer. Specifying business requirements, business practices and data governance are almost always more important.
The Shifting Landscape of Data IntegrationDATAVERSITY
Enterprises and organizations from every industry and scale are working to leverage data to achieve their strategic objectives — whether they are to be more profitable, effective, risk-tolerant, prepared, sustainable, and/or adaptable in an ever-changing world. Data has exploded in volume during the last decade as humans and machines alike produce data at an exponential pace. Also, exciting technologies have emerged around that data to improve our abilities and capabilities around what we can do with data.
Behind this data revolution, there are forces at work, causing enterprises to shift the way they leverage data and accelerate the demand for leverageable data. Organizations (and the climates in which they operate) are becoming more and more complex. They are also becoming increasingly digital and, thus, dependent on how data informs, transforms, and automates their operations and decisions. With increased digitization comes an increased need for both scale and agility at scale.
In this session, we have undertaken an ambitious goal of evaluating the current vendor landscape and assessing which platforms have made, or are in the process of making, the leap to this new generation of Data Management and integration capabilities.
Describes the the challenge faced by business where IT is a service organization to the business. How executives can approach and articulate those challenges through IT Assessment. The benefits of IT Assessment. How IT needs to be aligned to business strategy. How to create a Plan to align IT to the business. How to govern the plans through IT Governance.
All organizations do IT incident response. The question is, how well do they do it? Research from leading IT analyst firm EMA shows that unless the response takes advantage of automation, the answer “not nearly well enough” is an understatement. With the average time to engage the right response team taking 1 to 2 hours, and the average time to resolve a major outage taking 5 to 6 hours, there is no doubt that there is room for immediate and dramatic operational improvement.
These slides--based on the webinar hosted by EMA research -- explain how you can improve your incident response.
Watch the Webinar >> http://bit.ly/QlKgU0
The Cloud Agenda for Finance:
The Evolving Market for Core Financial Applications & Technologies
Join guest speaker Paul Hamerman of Forrester Research, Inc., for this special webinar as he discusses the key trends and challenges for core Financial Management applications and technologies, and the accelerating shift from traditional ERP financials to cloud-based alternatives.
Attendees will learn about the following:
- Key trends and challenges for 2012 in the Financial Management technology market.
- Recent accelerating shift from traditional ERP financials to cloud-based alternatives.
- Barriers companies typically face when thinking about the cloud/SaaS and how they are being mitigated.
- Financial Management innovation and technologies offered by Workday for enabling increased agility, insight, and control.
About Workday
Workday is the leader in enterprise-class, Software-as-a-Service (SaaS) solutions for managing global businesses, combining a lower cost of ownership with an innovative approach to business applications. Founded by PeopleSoft veterans Dave Duffield and Aneel Bhusri, Workday delivers unified Human Capital Management, Payroll, and Financial Management solutions designed for today's organizations and the way people work. Delivered in the cloud leveraging a modern technology platform, Workday offers a fresh alternative to legacy ERP. More than 280 customers, spanning medium-sized organizations to Fortune 50 businesses, have selected Workday. Visit us at www.workday.com.
An it manager’s new best friend the company balance sheet it-toolkitsIT-Toolkits.org
Hey IT manager, how is that company that you are working for currently doing? Yeah, yeah – I know that all of the press releases that your management keeps putting out say that things have never been better and the internal emails that you get from the big guy say the same thing. However, how are things really going? It turns out that you can answer this question if you know how to read your company’s balance sheet…
Introduction to Predictive Analytics with IBM SPSS. Predictive analytics helps organizations use their data to make better decisions by allowing them to draw reliable, data-driven conclusions about current conditions and future events.
Predictive analytics encompasses a variety of techniques such as Statistics, Game theory and Data mining to do this analysis,
and make these predictions.
So by deploying predictive analytics, organizations are addressing their business issues proactively to get the best outcomes.
Everyone wants to make smart business decisions. No matter your department, it's critical to understand (and act on!) the numbers, but no one likes to manually maintain data, especially messy data. Have you ever thought about who's really responsible for turning your organizations raw data into something comprehensive?
As data tools have become more powerful and easier to use, the C-Level office (or you!) can drive the transformation required to become a data-driven enterprise.
In this informative webinar, Dale Tuttle and John Tate of Withum, share practical ways you can enhance firm-wide data capabilities using Microsoft Power BI and data analysis tools to empower business stakeholders.
Finance Today: reimagined to drive impactMicrosoft
Finance executives today are helping to develop corporate strategy and then funding and executing that strategy through financial planning and performance management. As a result, finance executives are becoming increasingly responsible for IT initiatives. Technologies like big data, cloud, mobile, and social computing are transforming how business is done today, and each has far-reaching implications for finance.
Experteer for ICMA: Applied Machine Learning. Smart Process Automation with AIAlexander Chukovski
Experteer present the success story and the current learnings from implementing machine learning for large-scale data processing. The presentation gives also a good basic introduction to how machine learning works, what are the current cloud solutions and how companies can profit from this technology.
This ISG white paper discusses the benefits of linking IT costs to business activity, and of analyzing the potential impact of IT investment on performance improvement
Gramener is always on the lookout for talent who like to work with numbers and aspire to be the Algorithm Translators.
This deck is presented to cohorts at IIM's and other B School as part of Gramener company overview session.
IBM Planning Analytics 2.0: New Capabilities for TM1 UsersSenturus
Planning Analytics 2.0 discusses new features including Planning Analytics local – on-premise version, hierarchies – virtual dimensions, PAx – best of CAFE and perspectives and chat – post messages regarding content. See demonstrations of these features here: http://www.senturus.com/resources/ibm-planning-analytics-2-0-new-capabilities-for-tm1-users/.
Senturus, a business analytics consulting firm, has a resource library with hundreds of free recorded webinars, trainings, demos and unbiased product reviews. Take a look and share them with your colleagues and friends: http://www.senturus.com/resources/.
Creating IT Value-A Better Way to Make IT Investment DecisionsScottMadden, Inc.
All IT organizations are resource constrained—demand exceeds supply. Organizations need criteria to decide which projects warrant allocation of high-value constrained resources. This is the second in a series on maximizing IT investment value.
Will your portfolio deliver the growth you expect? Now, for the first time, be able to accurately predict which projects in your portfolio will fail - and why. A new, proven method for accurate prediction of future success will improve what your portfolio can deliver.
The number of cyber attacks against organizations continues to grow in complexity, frequency, and severity. SSOs handle confidential and restricted personal data, making them a target for cyber crimes. Since the SSO is accountable for protecting sensitive corporate and employee information, care must be taken to understand and protect the flow of this sensitive data.
How do you properly manage cyber threats? A robust cybersecurity program is imperative to protect your organization, employees, and customers.
In this report, find out about the building blocks needed for an effective SSO cybersecurity program.
To learn more, please visit www.scottmadden.com.
The global pandemic returned digital transformation to the spotlight. The lockdown put every digital business model to the test. Some organizations proved agile and resilient, but most were sent back to the drawing board to reconstruct their digital and analytic foundations.
In response, the modern C-Suite is now being tightly knit into one digital whole, connected by a web of data and analytics.
These slides--based on the webinar from leading IT research firm Enterprise Management Associates (EMA)-- outline the priorities of digital transformation in the modern C-Suite.
World of Watson 2016: Journey to Cognitive Excellence - Harness the Force of ...Julie Severance
Becoming a cognitive business is a journey, not a destination. A cognitive analytics culture is not something you can just buy or install. Although the right technology is crucial, its true value arises when the organizational mindset changes. Many organizations have learned to embrace analytics, but embracing cognitive is another step entirely, and it’s one that may be even more challenging. However, the possibilities are endless and the potential rewards make it worthwhile.
Data is the lifeblood of just about every organization and functional area today. As businesses struggle to come to grips with the data flood, it is even more critical to focus on data as an asset that directly supports business imperatives as other organizational assets do. Organizations across most industries attempt to address data opportunities (e.g. Big Data) and data challenges (e.g. data quality) to enhance business unit performance. Unfortunately however, the results of these efforts frequently fall far below expectations due to haphazard approaches. Overall, poor organizational data management capabilities are the root cause of many of these failures. This webinar covers three lessons (illustrated by examples), which will help you to establish realistic OM plans and expectations, and help demonstrate the value of such actions to both internal and external decision makers.
Takeaways:
Organizational thinking must change: Value-added data management practices must be considered and included as a vital part of your business strategy.
Walk before you run with data focused initiatives: Understand and implement necessary data management prerequisites as a foundation, then build upon that foundation.
There are no silver bullets: Tools alone are not the answer. Specifying business requirements, business practices and data governance are almost always more important.
The Shifting Landscape of Data IntegrationDATAVERSITY
Enterprises and organizations from every industry and scale are working to leverage data to achieve their strategic objectives — whether they are to be more profitable, effective, risk-tolerant, prepared, sustainable, and/or adaptable in an ever-changing world. Data has exploded in volume during the last decade as humans and machines alike produce data at an exponential pace. Also, exciting technologies have emerged around that data to improve our abilities and capabilities around what we can do with data.
Behind this data revolution, there are forces at work, causing enterprises to shift the way they leverage data and accelerate the demand for leverageable data. Organizations (and the climates in which they operate) are becoming more and more complex. They are also becoming increasingly digital and, thus, dependent on how data informs, transforms, and automates their operations and decisions. With increased digitization comes an increased need for both scale and agility at scale.
In this session, we have undertaken an ambitious goal of evaluating the current vendor landscape and assessing which platforms have made, or are in the process of making, the leap to this new generation of Data Management and integration capabilities.
Describes the the challenge faced by business where IT is a service organization to the business. How executives can approach and articulate those challenges through IT Assessment. The benefits of IT Assessment. How IT needs to be aligned to business strategy. How to create a Plan to align IT to the business. How to govern the plans through IT Governance.
All organizations do IT incident response. The question is, how well do they do it? Research from leading IT analyst firm EMA shows that unless the response takes advantage of automation, the answer “not nearly well enough” is an understatement. With the average time to engage the right response team taking 1 to 2 hours, and the average time to resolve a major outage taking 5 to 6 hours, there is no doubt that there is room for immediate and dramatic operational improvement.
These slides--based on the webinar hosted by EMA research -- explain how you can improve your incident response.
Watch the Webinar >> http://bit.ly/QlKgU0
The Cloud Agenda for Finance:
The Evolving Market for Core Financial Applications & Technologies
Join guest speaker Paul Hamerman of Forrester Research, Inc., for this special webinar as he discusses the key trends and challenges for core Financial Management applications and technologies, and the accelerating shift from traditional ERP financials to cloud-based alternatives.
Attendees will learn about the following:
- Key trends and challenges for 2012 in the Financial Management technology market.
- Recent accelerating shift from traditional ERP financials to cloud-based alternatives.
- Barriers companies typically face when thinking about the cloud/SaaS and how they are being mitigated.
- Financial Management innovation and technologies offered by Workday for enabling increased agility, insight, and control.
About Workday
Workday is the leader in enterprise-class, Software-as-a-Service (SaaS) solutions for managing global businesses, combining a lower cost of ownership with an innovative approach to business applications. Founded by PeopleSoft veterans Dave Duffield and Aneel Bhusri, Workday delivers unified Human Capital Management, Payroll, and Financial Management solutions designed for today's organizations and the way people work. Delivered in the cloud leveraging a modern technology platform, Workday offers a fresh alternative to legacy ERP. More than 280 customers, spanning medium-sized organizations to Fortune 50 businesses, have selected Workday. Visit us at www.workday.com.
An it manager’s new best friend the company balance sheet it-toolkitsIT-Toolkits.org
Hey IT manager, how is that company that you are working for currently doing? Yeah, yeah – I know that all of the press releases that your management keeps putting out say that things have never been better and the internal emails that you get from the big guy say the same thing. However, how are things really going? It turns out that you can answer this question if you know how to read your company’s balance sheet…
Introduction to Predictive Analytics with IBM SPSS. Predictive analytics helps organizations use their data to make better decisions by allowing them to draw reliable, data-driven conclusions about current conditions and future events.
Predictive analytics encompasses a variety of techniques such as Statistics, Game theory and Data mining to do this analysis,
and make these predictions.
So by deploying predictive analytics, organizations are addressing their business issues proactively to get the best outcomes.
Everyone wants to make smart business decisions. No matter your department, it's critical to understand (and act on!) the numbers, but no one likes to manually maintain data, especially messy data. Have you ever thought about who's really responsible for turning your organizations raw data into something comprehensive?
As data tools have become more powerful and easier to use, the C-Level office (or you!) can drive the transformation required to become a data-driven enterprise.
In this informative webinar, Dale Tuttle and John Tate of Withum, share practical ways you can enhance firm-wide data capabilities using Microsoft Power BI and data analysis tools to empower business stakeholders.
Finance Today: reimagined to drive impactMicrosoft
Finance executives today are helping to develop corporate strategy and then funding and executing that strategy through financial planning and performance management. As a result, finance executives are becoming increasingly responsible for IT initiatives. Technologies like big data, cloud, mobile, and social computing are transforming how business is done today, and each has far-reaching implications for finance.
Experteer for ICMA: Applied Machine Learning. Smart Process Automation with AIAlexander Chukovski
Experteer present the success story and the current learnings from implementing machine learning for large-scale data processing. The presentation gives also a good basic introduction to how machine learning works, what are the current cloud solutions and how companies can profit from this technology.
[DSC Europe 22] The Making of a Data Organization - Denys HolovatyiDataScienceConferenc1
Data teams often struggle to deliver value. KPIs, data pipelines, or ML driven predictions aren't inherently useful - unless the data team enables the business to use them. Having worked on 37 data projects over the past 5 years, with total client revenue clocking at about $350B, I started noticing simple success factors - and summarized those in the Operating Model Canvas & the Value Delivery Process. With those, I branched out into what I call data organization consulting and help clients build their data teams for success, the one you see not only on paper but also in your P&L. In this talk, I'll share some insight with you.
Estimation is critical to IT demand management as today's senior IT executives deal with a familiar challenge - how to balance the size of the development team with the company's software wish list. Modern estimation techniques offer critical insight into this challenge. In this presentation, you will learn the ins and outs of estimation and how to effectively utilize estimation to ensure project success.
Betsol | Machine Learning for IT Project Estimates BETSOL
IT projects notoriously exceed initial time and budget estimates. Accurately estimating these large, complex projects is a challenging task with many unknowns and assumptions. Nevertheless, big-dollar business decisions are made based on IT project estimations, so it is critical to get it right.
Is machine learning the technology that can finally provide the solution?
Presentation given by Richard Corderoy from the Oakland Group on 29 July 2020.
Link to the news story:
https://www.apm.org.uk/news/cutting-through-the-hype-how-to-use-advanced-analytics-to-do-practical-things-today-webinar/
Link to YouTube recording: https://youtu.be/OIsvCrFR5Uw
Guide to better Project Management from SeveraSevera PSA
Top 10 list of project management tips to curb on project failure, reduce spending in project-based organizations and improve productivity. A must read for all project managers in a professional services firm.
Turning your Excel Business Process Workflows into an Automated Business Inte...OAUGNJ
Many organizations have evolved key internal business processes built on top of Microsoft Excel. These cross-functional workflows involve several organizational units responsible for collecting business system transactions, modifying this raw data, consolidating, transforming, pivoting and preparing data into a published set of Reports & Graphs – all in MS Excel. Such workflows are a burden to organizations – not repeatable, costly, time-consuming, inflexible and hard to scale, and evolve to become more complex over time. Business critical processes such as financial analysis, operational analysis and revenue analysis are often supported this way. Attempting to replace such systems can be quite daunting and a barrier to replace. The goal of this session is to present an easy to understand methodology and use cases to demonstrate how to move from an operational workflow in Excel to truly automated Business Intelligence.
Oracle EPM Webinar
Planning Your Financial Success - Managing Uncertainty
Overview of Strategic Modeling and Cash Forecasting
Like many organizations, you are probably concerned about the economic impact on your financials and workforce. There’s much you can’t control during uncertain times like these, but you can take steps to protect your organization from being financially compromised and potentially find paths to new revenue streams.
In this webinar on-demand, you'll learn how to meet the objectives of your business by creating goal-oriented, driver-based plans, long-range strategic and risk-adjusted modeling/planning, and much more.
Choosing the right software is only part of the game . Making change needs a plan.and commitment.
Making sure yourproject is well defined, well resourced and well sponsored is the art a PM project success.
The bottom line for making a change to add value to a business is to make sure everyone with a stake in the outcome is involved, is accountable and can win....
My Single Point is a leading supplier of Enterprise Execution Software. Our Blue-chip customers use My Single Point to translate their strategy from the board-room to execution across the enterprise. Our modular platform ensures business goals and directives are effectively communicated and implemented throughout the organization.
Contact us for a demo www.itaasc.com
Similar to The Future of Forecasting and Budgeting (20)
Financial planning and analysis (FP&A) functions are at the forefront of guiding organizational performance and supporting the decision-making process. Over the years, the challenges faced by management have required different planning approaches and techniques. Some have stayed and become ‘the norm’, for example driver-based planning. Yet, at the same time, the technological systems that underpin FP&A’s work have been constantly evolving to support faster decision-making, more scenarios and increasing volumes of data.
FP&A is defined by long hours and busy work, but there are some FP&A teams breaking the mold – read our latest FP&A trends white paper and discover what others are doing to free up time to focus on things that really matter.
Why using analytics is the only way to sell savings opportunities to the C-suiteJames Myers
Nick Gunn as our featured speaker, with over 30 years’ experience working at HP/HPE he will be sharing his Tips on how FP&A can use analytics to get the attention of the C-Suite
Dashboards have become a powerful tool for Financial Planning and Analysis (FP&A) professionals to share insight. When designed correctly, they deliver a clear message on what’s working and what’s not, and the actions to take to fix the issue. Technology now enables us to create dashboards in minutes, allowing us to share information in ways we could never before.
The big question has moved from “How do we create dashboards?” to “How do we harness this powerful tool to drive business behavior?”
FP&A: Innovations in Financial Analytics to Support Organic Growth and Busine...James Myers
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.
FP&A: Innovations in Financial Analytics to Support Organic Growth and Busine...James Myers
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.
The Team Member and Guest Experience - Lead and Take Care of your restaurant team. They are the people closest to and delivering Hospitality to your paying Guests!
Make the call, and we can assist you.
408-784-7371
Foodservice Consulting + Design
Oprah Winfrey: A Leader in Media, Philanthropy, and Empowerment | CIO Women M...CIOWomenMagazine
This person is none other than Oprah Winfrey, a highly influential figure whose impact extends beyond television. This article will delve into the remarkable life and lasting legacy of Oprah. Her story serves as a reminder of the importance of perseverance, compassion, and firm determination.
Artificial intelligence (AI) offers new opportunities to radically reinvent the way we do business. This study explores how CEOs and top decision makers around the world are responding to the transformative potential of AI.
Modern Database Management 12th Global Edition by Hoffer solution manual.docxssuserf63bd7
https://qidiantiku.com/solution-manual-for-modern-database-management-12th-global-edition-by-hoffer.shtml
name:Solution manual for Modern Database Management 12th Global Edition by Hoffer
Edition:12th Global Edition
author:by Hoffer
ISBN:ISBN 10: 0133544613 / ISBN 13: 9780133544619
type:solution manual
format:word/zip
All chapter include
Focusing on what leading database practitioners say are the most important aspects to database development, Modern Database Management presents sound pedagogy, and topics that are critical for the practical success of database professionals. The 12th Edition further facilitates learning with illustrations that clarify important concepts and new media resources that make some of the more challenging material more engaging. Also included are general updates and expanded material in the areas undergoing rapid change due to improved managerial practices, database design tools and methodologies, and database technology.
3. History of Planning
Corporate Investment
Model
Discounted cash flow model to
stack rank R&D/Capex
investments
Fra Luca Bartolomeo de Pacioli,
"The Father of Accounting and
Bookkeeping“ was born. He was
the first person to publish a work on
the double-entry system of book-
keeping on the continent.
1447 1921
Corporate Investment
Model
Discounted cash flow model to
stack rank R&D/Capex
investments
GM almost runs out of money
because they overbought inventory
before the slump in ’20-’21. Alfred
Sloan developed a new
management principle that could
prevent this from happening
1972
Corporate Investment
Model
Discounted cash flow model to
stack rank R&D/Capex
investments
SAP was started in 1972 by five
former IBM employees with a vision
of creating a standard application
software for real-time business
processing.
Corporate Investment
Model
Discounted cash flow model to
stack rank R&D/Capex
investments
Microsoft released the first version
of Excel for the Macintosh on
September 30, 1985, and the first
Windows version in November
1987.
Corporate Investment
Model
Discounted cash flow model to
stack rank R&D/Capex
investments
Software as a service (SaaS)
model for corporate performance
management begins to take shape
1985
2003
+
Corporate Investment
Model
Discounted cash flow model to
stack rank R&D/Capex
investments
Machine Learning; Artificial
intelligence, predictive and
prescriptive Analytics; Robotics;
Blockchain etc.
4. Why do we need planning in the modern era
Uncertainty:
1. Globalization and the rise of new global competitors
2. “Software eating the world”
3. Increased speed of technology change and consumer preference
4. The large number of high growth startups entering every industry
The Startup Way – Eric Ries
6. Align to Your Strategy
1. Diagnosis
What is the challenge
2. Guiding Policy
Overall approach to
overcoming or coping with the
obstacle in the diagnosis
3. Coherent Actions
Designed to carry out the
guiding principle
7. The Reality
“Our research
reveals that, on
average, 95% of a
company’s
employees are
unaware of, or do
not understand, its
strategy.”
https://hbr.org/2005/10/the-office-of-
strategy-management
8. The reality… FP&A Empowerment Survey 2017
FP&A Empowerment Survey: 311 respondents (Due for release Nov’17) – Survey opening soon
Time on the Budget Process Time on the Forecast Process
9. The reality… FP&A Empowerment Survey 2017
Forecast Frequency
Not Applicable
Forecast Accuracy
FP&A Empowerment Survey: 311 respondents (Due for release Nov’17) – Survey opening soon
10. Traditional Planning & Budgeting
Bottom up Planning & Budgeting Top down Planning & Budgeting
16% of companies*
* FP&A Empowerment Survey (Due for release Nov’17)
14% of companies*
68% of companies* 2% of companies do nether*
Business Groups
Business Units
Business
Segments
11. Rolling Forecast
Decoupling Planning from Budgeting
Q1
* FP&A Empowerment Survey (Due for release Nov’17)
Q2 Q3 Q4 Q1
Budget
Forecast M1
Forecast M2
Forecast M3
58% of companies have rolling forecasts *
59% of companies feel they need to improve forecast accuracy*
12. Driver Based forecasting
Rolling up the driver not the result
* FP&A Empowerment Survey (Due for release Nov’17)
Drivers 1
e.g. HC
Drivers 2
e.g. Average
Salary
Drivers 3
e.g. Foreign
Exchange
X X =
Forecast
13. Salaries Cost – Driver model
GL data
HR data
(masked)
Dimensions:
• Period
• Function
• Region
Dimensions:
• Period
• Function
• Region
Uplift Cube
Dimensions:
• Period
• Function
• Region
c
HR data
(masked)
Output:
• Uplift factor
Salaries
Cube
Dimensions:
• Emp ID (masked)
• Period
Salaries Ref
data
Average
Salary Dimensions:
• Period
• Function
• Region
cPeriods
Output:
• Average salary
cTBH/Exits
Output
14. Integrated Planning
Traditional planning
* FP&A Empowerment Survey (Due for release Nov’17)
Sales Supply
chain
OPEX
Integrated planning
Sales
OPEX
Supply chain
Data from one forecast process feeds another
15. Business Planning Transformation
Current challenges
Business Planning currently performed
off-line and the processes differs by
Geo and Business Group
Cross BU, Cross Geo data analysis is
currently not possible until it is
consolidated in the corporate tool
Difficult to perform any business
analysis on internal and external
drivers
Future State
Business Planning performed in a single
solution, managed by a Center of
Excellence to ensure consistency
across Geo’s and BU’s
Business planning results are loaded
into the data lake on a near real time
basis to enable visibility across BU’s
and Geo’s
Solution to capture current underlying
assumptions, to enable more detail
understanding of how the numbers were
derived
Benefits
Standardized process ensure
efficiencies of scale and less
repetitive work reducing time
spent on forecasting
Improved decision making
across Geo’s and BU’s as all the
data is available in on place
Analysis can be done on
underlying assumptions, driving
more analytical forecasting and
improving forecast accuracy
16. Excel – The good, the bad and the ugly
https://www.forbes.com/sites/metabrown/2017/12/31/3-reasons-why-replacing-microsoft-excel-is-worth-money-to-a-boss/#2b61466737a9
Reasons to switch (Forbes):
• Hands-on involvement sucks up expensive labor
• Spreadsheet error leaves business open to risk and liability
• When spreadsheet creators leave, knowledge leaves with them
My reason’s to switch (Planning Focus):
• Valuable information is stored off line
• Data capture by multiple people & consolidation is prone to error
• Versioning is very difficult to manage
• Data is not secure
17. Excel – Why it’s here to stay
1. The ease and speed you can create a model
2. The barriers to entry are low – no IT involvement, no PO required
3. Accessible training online
4. Excel has advanced:
• PowerQuery – connects, shape and/or cleanses data
• Power Pivot – data modelling
• Power BI – data vizualization
18. Building the perfect Excel model
Data Source
e.g. ERP
Power
Query
Power
Pivot
Excel Pivot
Table
Pivot data
Build cubes
Filter data
Error checks
Formulas
Link tables
Lookup’s
Sum
GetPivotData
19. Options
Technology Pro’s Con’s
Excel based
solutions
• Easy to build and maintain
• Low Cost solution
• Data collection prone to error and requires it to be
consolidated
• Requires multiple emails and co-ordination to collect all
submissions
• Security could be a challenge
Database with web
interface solutions
• Data loads inputs directly into SQL
• Interface is online reducing emails
• Integrated reporting - real time feedback
• Highly customizable
• IT Support required for setup
• Risk of loosing data if there are no proper backups
• Interface may be difficult to change easily
Cloud purpose built
planning solutions
• Interface is online reducing emails and tighter
control over access
• Low IT requirements and easy setup
• Low cost
• All online, so instant feedback on results
• Limited ability to customization – typically your processes
need to fit into their solution
• Limited scenario modeling capability
Cloud planning/
modelling solutions
• Interface is online reducing emails and tighter
control over access
• Low IT Support Required
• Strong Modelling capabilities
• Strong audit capabilities
• Model maintenance requires expertise
• Data size limitations
• SaaS application so data controlled by someone else
ERP solutions
• Data is captured in batch, but updates speeds are
within seconds
• Enterprise ready – Audit etc.
• Most Expensive
• Highly dependent on IT support and set up
• Deployment times slow
• Limited or costly customization
• Limited scenario modeling capability
20. Rise of the Machine – AI and the impact of
Finance
23. Moravec Paradox
Moravec Paradox states that while "it is comparatively
easy to make computers exhibit adult level
performance on intelligence tests or playing checkers,
and difficult or impossible to give them the skills of a
one-year-old when it comes to perception and
mobility".
24. The real advantage of using ML
Advantages:
1. Reduced natural bias
2. Identify things we never thought of – the unknown unknowns
3. Analyze large amounts of data and learn
Barriers:
1. Volume of Finance data available
2. Data can be messy
3. ML is not readily accessible or available
25. Readily available types of machine learning
Sentiment Analysis
Scale 0-1
(0 being 100% negative and
1 being 100% positive)
Key word
Identifies the key words in a
set of text
Boolean prediction
Predicts if an event will
happen or not e.g. a pipeline
deal won or lost
Forecasting
Linear time based forecast
AutoML is a suite of machine learning products that enables users with limited machine learning
expertise to train high-quality models specific to their business needs
26. Interpredictive Planning – The future of financial
planning
Sales
OPEX
Supply chain
Human
Machine
Accountability
Interpredictive planning focuses time and
accountability driver inputs. These drivers form
the inputs into the forecasting model. Once
entered, the model in then optimized according
to specific requirements e.g. Revenue growth;
EBITDA
The advantages are:
1. More responsive change to the P&L driven by
changes in drives e.g. demand
2. Faster planning cycles, driving better decision
making
3. Improved forecast quality as the solution
learns over time and improves
Reducetime
Machine
ExternalfactorsOptimization, refers to the study of decision problems in which one seeks to minimize (min) or maximize (max) a
function by systematically choosing the values of variables within their allowed sets.
Optimization
27. Thank You
For blogs – link in at:
www.linkedin.com/in/jamesmyersw
3 Key Predictions for 2019 for FP&A
How can finance leaders really embrace their role as a strategic
advisor, connecting business to strategy and data?
Artificial Intelligence and the Future of Finance
28. Bibliography
1. FP&A Empowerment Survey: http://bit.ly/FPAEmpower
2. The Startup Way – Eric Ries
3. To be a Machine – Mark O’Connell
4. https://www.forbes.com/sites/metabrown/2017/12/31/3-reasons-why-replacing-microsoft-excel-is-
worth-money-to-a-boss/#2b61466737a9
5. Wikipedia
Editor's Notes
In Alfred Sloan’s My years with General Motors (1963), he describes how GE almost ran out of cash
Co-ordinated control of decentralized operation – rigorous production estimates for each division manager of the precise number of car the GM should sell in an ideal year. Using these estimated in combination with internal targets and external macro economic factors, the company would product a forecast of how many car each division was responsible for selling
Step 1: Align to the business Strategy
Step 2: Break these down into strategic Priorities
Step 3: Define the Key Objectives for each of the priorities
Step 4: Define what the measures of success
Step 5: Identify the key drivers of the measures
Step 6: Create actionable metrics around the key drivers
Issues with traditional planning
Strategy is not integrated
Multiple level – each with non standardized process
Difficult to get ownership of the numbers if there is no bottoms up
Too much time rolling up the numbers and not enough time on the analytics
Issues with traditional planning
Strategy is not integrated
Multiple level – each with non standardized process
Difficult to get ownership of the numbers if there is no bottoms up
Too much time rolling up the numbers and not enough time on the analytics
Hands-on involvement sucks up expensive labor
Building and maintain spreadsheets cost time and money
Spreadsheet error leaves business open to risk and liability
Most conservative research-based estimate indicates that at least 1 in every 100 spreadsheet cells contains an error
$6 billion dollar loss attributed to the London Whale was partly due to a spreadsheet error
When spreadsheet creators leave, knowledge leaves with them
Spreadsheets are created informally, and they lack elements that make professionally-developed software desirable, such as:
Designers with a solid understanding of user needs
Design review, to prevent problems before the software is built
Programmers who are well-trained and use appropriate processes to work efficiently and minimize flaws in the end product
Quality assurance, to ensure the program does what it’s supposed to do
User testing to detect and correct problems in the product before it gets into general circulation
Documentation, both internal documents used by developers and documents such as manuals and training guides for end users.