Blogs

When it comes to running your organization’s FP&A function, establishing the optimal mix of these three critical elements is surprisingly less obvious than one would think.

There are a couple of key ingredients to building a scalable VCFO business model. In the end, if your business is not scalable it’s not saleable.

This highly emotive topic has gained a lot of high profile media attention, fake news and even changed the views of many finance professionals.

Predictive analytics is actually the same as a supervised machine learning and classic statistical learning and any of these concepts can be used interchangeably.

Is having excellent Excel skills means you are great at financial modelling? There is certainly a strong correlation but FM is way more than just Excel formulas.

When you hear Monte Carlo simulation what do you think? A racing game, casino game or a financial decision. The answer is hopefully the last 2.

So what’s all the excitement about driver based planning. It’s simply a financial model with assumptions to drive decisions..no?

There is certainly a big difference between a spreadsheeter and a financial modeler. However, the problem is who draws that line and determines who is placed on either side of it.

Spreadsheet errors are also a problem on global proportions, but because there is no simple answers to the problem it is often ignored or broadly accepted as the norm.