Skills related

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.

Forecasting skills doesn't guarantee good modelling skills

Forecasting skills doesn't guarantee good modelling skills

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

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

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

The same goes for forecasting and financial modelling. 📊 📈 📉

#FinancialModelling #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 Modelling. 📈

Read my co-authored 🙌 article with Anders to learn more and demystify all the jargon and pick some practical solutions you can try. 👍

#finance #futureoffinance #analytics #Excel #cloud #digitization #FinancialModelling

Why Vlookup (vs Index(match) shows your lack of embracing change, innovation and better Excel skills

Why Vlookup (vs Index(match) shows your lack of embracing change, innovation and better Excel skills

Over the past year I've met many finance professionals as part of our FOFM world tour and future of finance workshops.

Despite all the hype of digital finance transformation and the rise of analytics and advanced AI and ML there is one thing that still concerns me deeply about our ability to adopt change, innovation and better Excel skills.

I'm not even referring to adopting new tools and technologies (many of which will radically change our work today and are here now) but changing how we use our existing tools.

Why Monte Carlo will change the way you make financial decisions and think about scenarios?

Why Monte Carlo will change the way you make financial decisions and think about scenarios?

Ever heard of the term Monte Carlo Simulation. Its more than just an awesome casino its a much better way to make forecasting decisions.

Want to know more? 

Read this blog and you will change your mind about decision making.

Inside the mind of a spreadsheeter vs a financial modeler

Inside the mind of a spreadsheeter vs a financial modeler

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.

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.

Do You Model Off against the Masters of Financial Modelling?

Do You Model Off against the Masters of Financial Modelling?

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?

Part 2 of Finance Innovation - Data Analytics / Big Data is not Financial Modelling

Part 2 of Finance Innovation - Data Analytics / Big Data is not Financial Modelling

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.

Consulting, Advisory, Finance and the art of influencing is about to change forever.

Consulting, Advisory, Finance and the art of influencing is about to change forever.

The Modeloff (World Financial Modeling Champsionship) Global Training Camps are an excellent place to explore and learn new technologies and skills. 

This blog explores the first ever Australian Modeloff GTC in August 2016 and some of the latest platforms and innovations.

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.

Why financial modelling skills will be a big career door opener for emerging accounting and finance talent.

Why financial modelling skills will be a big career door opener for emerging accounting and finance talent.

Requirements for accountants and finance professionals to develop financial modelling skills is a key to career success. Read more to find out why.