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I hope no fists are flying at your office over budgeting and forecasting, however conflict is likely to occur. In this case, opinions and facts from different stakeholders can help. At the same time, impactful decisions at organizations that can affect the direction over days, months and years are derived from the better outcomes. The unnecessary part of conflict can be minimized with an integrated process letting the data drive these outcomes. Read more

A “modern” approach to Financial Planning and Analysis has become a requirement for a successful corporate finance function. Gone are the days where finance teams were viewed solely as a report publisher that conducted reactive variance analyses. Instead, modern finance teams are able to create an agile, efficient, technology-enabled, proactive and highly valued decision support function. In order to achieve this success, the value proposition of core FP&A responsibilities, such as budgeting, planning, analysis, forecasting, and financial reporting, needs to be better understood. Read more

The simple truth about data warehouses is that the traditional “big bang” method of building them doesn’t work for most organizations anymore. The diversity of data sources and formats we can access is constantly expanding, and taking them all on at once to form a single central repository results in a massive project that can take years to show value. That doesn’t mean we should throw out the concept of data warehousing altogether, though. In fact, there’s a better way to do it that is built on proven development practices, provides value as you go, and feels like less of a massive undertaking: an iterative data warehouse. Read more

LEXINGTON, Mass., Dec. 12, 2016 /PRNewswire/ — Ironside, a Boston-based data and analytics firm, just released an authoritative list of questions that they recommend business leaders try to answer now in planning for their analytics initiatives.

Today, it’s safe to say that the majority of businesses understand the value of analytics. They get that their data is important and that using it in the right way can have significant benefits. The problem, though, is that even though the business community as a whole acknowledges these facts, there’s still a lot of magical thinking around analytics tools and platforms out there. Read more