Procurement spend analysis is the practice of scrutinising current & historic expenditure from a procurement perspective to proactively identify savings opportunities, manage risks & optimize the organization’s buying power.
There is a lot happening in Accounting these days not least when it comes to automation. The rate of automation has increased by 20%-points in the past two to three years. That makes it a good time for accountants to consider their future careers. A very viable career path to consider is switching from accounting […]
What is the purpose of a financial model? To model financial outcomes of decisions, see the impact of a change in assumptions, to do a valuation of a business, etc. The purpose is not to visualize the potential outcomes in an easy-to-understand way. This means that to communicate the results of your analysis you need […]
Planning system should offers all the functionality you need, unlike the hurdles we face when we use spreadsheets for ad-hoc analyses and other tasks.
Collaborative tools have changed the game for FP&A. Businesses should upgrade their model & give teams the tools needed to deliver management’s expectations.
The latest release of ValQ 1.9 version comes with multiple updates and much-awaited performance enhancement attributes, for a better user experience
Build a Financial Model that can show the essentials and do near real-time simulations. This will undoubtedly elevate your impact on the organization.
We must prepare ourselves for a series of unprecedented events every year.Our models should account for a black swan event each year.
We live in a VUCA world unable to get a full picture of any situation.Hence,we encourage FP&A professionals to use the 80/20 principle in many instances.
When we have limited information the best we can do is to make assumptions,asking ourselves, “What must be true for our current plan to be a good plan?”
