HOW CAN CFOs GET ON TOP OF INTERCOMPANY ELIMINATIONS?

Blackline’s acquisition of FourQ this week for a reported $165m (plus earnout consideration of up to $75 million over the next three years) is a timely reminder that intercompany eliminations are still a big deal – but shouldn’t be! FSN’s 2021 Agility in Financial Reporting & Close research highlights that only 11% of finance organisations … Continued

Can “Cloud À LA CARTE” GIVE CFOS A DIGITAL ADVANTAGE?

Can “Cloud À LA CARTE” GIVE CFOS A DIGITAL ADVANTAGE? The last 10 years has witnessed a rapid transition from on-premise solutions to the cloud. In the main, it’s been a process of like-for-like substitution, for example, taking an on-premises ERP or CPM solution and replicating it in the cloud. But is such an approach providing … Continued

WHAT CAN CFOs LEARN ABOUT DATA GOVERNANCE FROM COVID REPORTING?

In response to the COVID-19 pandemic, several global epidemiological data collection and harmonisation efforts were initiated to provide guidance on data definitions, data formatting, and data sharing. Although it took a long time to ramp up, what was achieved in such a short period of time, on a global basis was remarkable. The pandemic has … Continued

FSN’s 2022 Predictions

FSN’s top 5 predictions for 2022 based on research findings from the Modern Finance Forum on LinkedIn FSN’s top 5 predictions 1 The skills shortage will delay finance transformation 2 The frenzy in advanced budgeting, planning and forecasting will continue 3 The planning, budgeting and forecasting software market will consolidate 4 ERP will be in … Continued

Is It Time To Appoint A Chief Planning Officer (CPO) To The Board?

Is It Time To Appoint A Chief Planning Officer (CPO) To The Board? Over the last 18 months we have all spent a great deal more time discussing planning budgeting and forecasting – especially scenario planning – than almost any other topic. It seems that everyone is desperate to get a handle on the future, … Continued

ZERO BASED BUDGETING IS A MARKER OF AGILITY

ZERO BASED BUDGETING IS A MARKER OF AGILITY IS ZERO-BASED-BUDGETING (ZBB) THE WAY TO GREATER FINANCIAL PLANNING AND ANALYSIS ACCURACY? If you want to improve accuracy, then FSN’s latest research, “Agility in Planning, Budgeting and Forecasting” highlights that ZBB is the way to go.  The question is why? The idea that a budget is recalibrated … Continued

THE CHARACTERISTICS OF THOSE USING ROLLING FORECASTS

THE CHARACTERISTICS OF THOSE USING ROLLING FORECASTS JUST 19% OF ORGANISATIONS LEVERAGE THE POWER OF ROLLING FORECASTS. WHY? FSN’s research highlighted the crucial advantages of rolling forecasts over re-forecasting 4 times a year, yet only 19% of organisations leverage the agility they provide. The fourth graphic in the series of research infographics suggests why many … Continued

WHICH IS BETTER? – ROLLING FORECASTS OR FORECASTING 4 TIMES A YEAR?

WHICH IS BETTER? – ROLLING FORECASTS OR FORECASTING 4 TIMES A YEAR? FSN’s latest research infographic provides compelling evidence that rolling forecasts are better than simply re-forecasting four times a year. In fact, when we compared the performance of organisations that use rolling forecasts, with those that reforecast quarterly, we find that rolling forecasters outperform … Continued

HAVE WE SACRIFICED FP&A ACCURACY IN FAVOUR OF SPEED?

HAVE WE SACRIFICED FINANCIAL PLANNING AND ANALYSIS ACCURACY IN FAVOUR OF SPEED? The second infographic from our “Agility in Planning, Budgeting and Forecasting” research shows that forecast accuracy is getting worse – this despite many organisations forecasting more quickly. So, do we place too much importance on process automation and neglect forecasting accuracy? And why … Continued