TM1 & Planning Analytics are fantastic tools, which can make your job that much easier.
Date: Wednesday, 22nd April 2020
Time: 11 am – 12 pm NZT
Duration: 60 minutes
Date: Thursday, 9th April 2020
Often when companies attempt to use new technology in their business, they don’t consider how it will change the culture of their workplace.
The very reason technology solutions, such as financial planning software, are implemented in an organisation is to solve a particular problem or series of problems with the current way of doing things.
Naturally, this means the new technology will affect the current processes in the business.
And, to make the implementation effective, staff will have to embrace these new processes.
For financial planning solutions, this culture change must be led by the CFO and incorporates important areas like processing and valuing data, gatekeeping, and building transparency.
In current market conditions flexibility is a must.
Unfortunately, many organisations are stuck using traditional methods for their financial planning.
This includes using spreadsheets and creating a once a year static plan, which is poorly communicated throughout the company.
Planning in such a way has significant risks.
A common business tool, spreadsheets are still heavily used in organisations for financial planning.
Unfortunately, their use comes with significant risk.
As Belinda Johnson, CEO of Mindfull, found in a previous role as the CFO for a large property development firm, not summing a column right to the bottom led to a million-dollar mistake.