How To Implement a Zero-Based Budgeting Strategy
My work with companies around the world, paired with access to a robust collection of academic research and case studies, has enabled me to create a matrix of best practices for implementing a zero-based budgeting (ZBB) strategy. And like any good list of things an organization should do, there are always a few things not to do.
- 01/11/2018
- 6
The Revival of Zero-Based Budgeting
Who would have thought that after 50 years we would still be talking about Pete Pyhrr? Pete is considered the “father of zero-based budgeting.” He was an accounting manager at Texas Instruments who had the audacity to suggest that in order to allocate resources more efficiently, we should tie expenditures to results.
- 19/10/2018
- 3
How Technology is Transforming Financial Planning Analysis
My first article on the topic of technology terms explained advanced analytics and robotic process automation (RPA) in the context of financial planning and analysis (FP&A) and the evolution toward intelligent finance. Here, we’ll explore the cloud and software as a service (SaaS), artificial intelligence (AI), and blockchain: what these technologies can do for FP&A teams, and the status of adoption globally. That said, I thought these two quotes would help illuminate the topic.
- 09/10/2018
- 3
How Financial Planning & Analysis Can Come To Terms With The Latest Technology
“The science of today is the technology of tomorrow.” – Edward Teller “Never before in history has innovation offered promise of so much to so many in so short a time.” – Bill Gates
- 24/09/2018
- 6
Consuming FP&A Data: Moving Beyond Grids To Visualization
When we start on the topic of consuming data, that’s an area that I feel quite passionate about. I truly believe that the way data and information is presented can be improved greatly, not just by embracing the new, fantastic technologies now available (which is very important), but by adopting a set of standards. To fully embrace intelligent FP&A (iFP&A), we must add order and elegant simplicity to present our findings and insights to an ever-growing and diverse audience of stakeholders.
- 14/09/2018
- 0
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