The recently passed Tax Cuts and Jobs Act will undoubtedly have broad implications across the corporate landscape as updates to the tax code will necessitate major changes to certain financial management decisions. Finance needs a solid FP&A modeling foundation in order to lead tax-related decision making within their organizations. While there are many aspects of the tax code that will require in-depth financial impact analyses, changes to the deductibility of capital expenditures has been a particular area of interest for some Ironside clients that invest heavily in fixed assets. Read more

On April 26th, Ironside hosted a webinar on Rolling Forecast Essentials. Members of our Financial Performance Management team, Mark Flyamer, Senior Consultant and Rich Canale, Solution Architect, discussed the foundation needed to start implementing rolling forecasts work at your organization.

Rich and Mark discussed design techniques to help you expedite rolling forecast models and minimize the hours needed to get a working solution all while preserving the accuracy and integrity of your financial data.

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Financial analytics and performance monitoring are vital components in an organization’s success. The ability to review and quickly react to industry and market changes is a critical competitive advantage that requires agile analytics to get right. The rolling forecast is a continuous planning process that provides your organization with just such an analytical vehicle.  Extending beyond the traditional fiscal year review, it combines actual data with forecast results across a rolling number of periods to provide a consistent analytic horizon.  An organization’s rolling forecast process must support variance analyses of performance versus targets using the most current information. This is necessary if they want to recognize and reflect actionable changes that will keep them on or get them back on course. Read more

Many organizations have adopted monthly or quarterly rolling forecasting as a primary tool for understanding their operational and financial performance. The rolling forecast is a process that includes the continuous evaluation of past results with future expectations across a set number of time periods to analyze trends and help the organization understand its current position. Read more

There are various approaches available to enhance the performance of your TM1 application. One such approach is to leverage Stargate Views.

Stargate Views are different from traditional view objects and represent cached subsections of cubes that get created through user experience. As users browse cubes via the Cube Viewer or consume cube data via Cognos BI reports and analyses, these subsections get stored according to the current title elements/context and row and column subsets being requested. Read more