You want full business partner participation in planning, budgeting, and forecasting but you struggle to engage other departments in the process. Does this sound familiar? We thought so. But don’t fret. Here are five tips to ignite cross-functional engagement and build confidence in the financial planning process.
Bonuses can be an effective and energizing incentive structure, pushing employees to meet or exceed sales goals with the promise of a payout. But recent headlines have shown the darker side as well: When employees are aiming for an unrealistic target—based on out-of-date assumptions and static information—shortcuts and unethical behavior can creep into normal workflow.
If you think your forecast process could be more efficient, you’re not alone: The Adaptive Insights Q1 2017 global CFO survey found that finance leaders would like to see their teams spend less time on report preparation and data collection (36%) and more time on forecasting and scenario analysis (40%). In a recent webinar, we looked at the three biggest barriers to effective forecasting—and how to remove them. I summarize them here as I think you will find them interesting.
Wilhelm Greeff, business manager for business productivity solutions at Decision Inc. Data has become a mission-critical asset with companies investing significantly in analytics platforms to derive value from it. However,
Decision Inc., a solutions-driven organisation, has been working with Lombard Insurance to increase productivity and efficiency across various departments within the organisation. A recent Adaptive Insights implementation saw the company
The leadership team should be on the front line, says Decision Inc.’s Nick Bell. Posted by CFO South Africa.
In the digital economy, business productivity solutions (BPS) have become essential to running an effective organisation. While various industries (like banking, supply chain, and FMCG) have readily embraced automation of their business processes, others (such as mining) are still very much pen-and-paper driven.
By Hein Taljaard, engagement lead for business productivity solutions at Decision Inc. Business productivity solutions have evolved significantly in recent years. Even in South Africa, workflow is taken more seriously
Financial reporting is a tricky balancing act. If you share too many reports, business leaders may give up reading them all together. In a study by the American Institute of CPAs