This is one of those potentially game changing posts where people really get to understand the different between Finacial Modeling and Predictive Analytics.
When I first left the Investment Banking sector and joined a traditional Finance/Accounting function I was a bit confused about the obsession with Driver Based Planning (DBP). I realised it was not well defined so this is my attempt at defining it.
What's your definition?
After meeting so many finance professionals there are really 2 camps they fall into. The spreadsheeter or the financial modeler. Of course most would claim that they are a financial modeler and few would dare admit they are a spreadsheeter.
But sadly, only a very small % of them are financial modelers. But this is changing as the demand for great modelers increases and awareness of skills gaps are highlighted and resolved.
Hopefully this post enables even greater awareness of the differences.
This Blog post is intended to provide future finance professionals with some insight in terms of developing a VCFO business.
Having evolved my CFO role into a VCFO there were many things I learnt and also would have changed had I known better.
Hopefully my mistakes don't need to be repeated by others.
This blog post explores the first major wave of spreadsheet innovation and compares it to Airbnb.
There are a lot of benefits from the sharing economy but when it comes to spreadsheets sharing content is not only foreign but also risky.
But now it is both possible and lower risk resulting in new opportunities.
Your forecast is only as good as your financial model. Do you agree?
Finance Masters use financial modelling to their advantage by creating forecasts updated in real-time, using internationally recognized modelling standards and might even compete in Model Off. Here's a jointly written post by myself and Anders Liu-Lindberg on what it takes to become a Finance Master in financial modelling. So, do you model off with the masters?
NEED HELP searching for the best advisory tool in the market.
After meeting over 50 finance professionals and accountants last week, it remains absolutely clear to me that, the majority of people have no idea which rabbit hole of technology to go down to assess the best advisory tools.
So, I decided to write this post and create a poll.
I would like the customers to talk. Knowledge shared is extremely powerful and time saving for us all!
This post provides the readers some insight as to the differences between Data Analytics/Big Data and Financial Modeling.
After reading this post, finance and business professionals should have a clearer understanding of what these skills, processes and systems can enable.
Most important is to understand the problem first then find the solution, not just follow trends.
This post explores the benefits and opportunities that arise when it comes to disrupting a finance role.
The post goes into specifics of the why and the how of job disruption. The benefits are significant with 75% time savings in this example. The replacement of which was the flexibility to do more interesting and valuable work for both myself and my employer.
This post explores other potential applications of the skills in financial modeling. The rise in social benefit bonds require a financial model to better estimate the returns to investors and the cost to governments and potential benefits to society.
Now its possible to save more than just money with a financial model.