Innovation & Disruption

What is your finance cadence? Are you keeping up to speed?

What is your finance cadence? Are you keeping up to speed?

Typically in finance we have a particular type of cadence.

This cadence is largely consistent across different organisations no matter what the industry you support. We are likely to have some or all of these:

  1. Monthly reporting,

  2. Quarterly reporting and forecasting,

  3. Half year reporting (if listed),

  4. Annual statutory reporting and tax filing (we all have this one),

  5. Annual budget process and

  6. Longer range strategic planning for 3 to 5 years.

Now that's a pretty full dance card if you ask me.

So how do we keep up with all those requirements whilst making sure that we are not just hitting the deadlines but actually accelerating the value that we add to the business.

Read our latest blog for more insight without the big price tag attached.

How do you recruit strong financial modeling skills in your team?

How do you recruit strong financial modeling skills in your team?

Very few 😬 finance professionals have what it takes to build a good financial model, but if you use a few short steps you can find πŸ‘€ those diamondsπŸ‘· in the rough.

It's like changing someones title to Finance Business Partner and expect them 😁 to suddenly add value and build good models.

It doesn't work πŸ‘Žthat way, never will!

Without the right training and hiring you will just be running on the same tredmill 😡 with the same people with the same skills gap😱.

Being an advanced excel userπŸ“ˆ(not that anyone can succintly explain exactly what that means) helps, but its certainly not the only criteria.☝

Forecasting skills doesn't guarantee good modeling skills

Forecasting skills doesn't guarantee good modeling skills

Forecasting does not guarantee you will be great at financial modeling. 😱

Just because you can drive a car doesn't mean you can be a Formula 1 race car driver. πŸš—

Playing T20 cricket doesn't guarantee you will be a great test cricketer. 😁

The same goes for forecasting and financial modeling. πŸ“Š πŸ“ˆ πŸ“‰

#FinancialModeling #Finance #FutureofFinance

How Technology Will Change FP&A Forever

How Technology Will Change FP&A Forever

Is all this tech talk and Finance Transformation getting a bit much? 😡

Where do you start and stop? 🚦

There is so much on offer from RPA to Analytics to Modeling. πŸ“ˆ

Read my co-authored πŸ™Œ article with Anders to learn more and demystify all the jargon and pick some practical solutions you can try. πŸ‘

#finance #futureoffinance #analytics #Excel #cloud #digitization #FinancialModeling

Why so many unemployed accountants are already struggling..and how I can help?

Why so many unemployed accountants are already struggling..and how I can help?

I often get direct messages on LinkedIn from people asking me for either a job, career advice or helping them understand financial modelling and how do they apply for jobs in Australia, thinking Australia is immune to accountants losing jobs or unable to get them.

I wrote this blog to help the many that are lost in this fast evolving work force.

Why being a 1-man/women VCFO business is a really bad idea?

Why being a 1-man/women VCFO business is a really bad idea?

3 years ago I stepped out of the corporate world and became, what I didn't realise at the time, a virtual CFO for Banjo (Fintech lender).

I don't really like the word VCFO but it's what we have for now so let's just roll with it. Probably a blog on its own.

This post is some more tips and tricks I learnt along the way and especially clearly proving the Power of One = Power of None.

I hope you can learn from my mistakes.

Why a Truly Integrated Business Planning Solution Requires a Flexible Dual Architecture known as Core and Edge.

Why a Truly Integrated Business Planning Solution Requires a Flexible Dual Architecture known as Core and Edge.

This is a technical architectural blog on the best system archicture for future of finance. It has to be Agile and yes, have a bit of Excel mixed in the middle.

Enjoy

Virtual CFO the Good, Bad and the Ugly

Virtual CFO the Good, Bad and the Ugly

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.

Part 3 of Finance Innovation – The Airbnb of spreadsheets - first major wave of spreadsheet innovation

Part 3 of Finance Innovation – The Airbnb of spreadsheets - first major wave of spreadsheet innovation

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.

Why I disrupted my own role and you should do the same?

Why I disrupted my own role and you should do the same?

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.

Your Financial Model can save lives !

Your Financial Model can save lives !

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.