Finance & Accounting Revolution: Rise of Robo-Accountants

By Emmanuel Jibodu, Sr. Analyst, Global Finance - Stericycle Inc.

The Boston Consulting Group (BCG) predicts that by 2025, up to a quarter of jobs will be replaced by either smart software or robots. There are numerous articles being written, nowadays, on the plight of several professions — lawyers, financial advisors, accountants, etc., because of robo-lawyers, robo-advisors, and robo-accountants. A robo-accountant is NOT necessarily a robot with arms and legs from a science fiction movie; and, in the context of finance & accounting (F&A), the term can be ascribed to software that performs F&A processes.

FP&A Data Quality: 5 Signs you Need Better Data Preparation

By Ian Yates,  Managing Director at Barcanet

Business users want the power of analytics – but analytics can only be as good as the data being analysed. A survey by TDWI has revealed best practices to improve data preparation, finding 76% of businesses hope to increase data-driven decision making and 37% are currently unequipped to do so. There are 5 signs that reveal the need for better data preparation.

The Rolling Forecast Philosophy: Time to Abandon the Budget. The webinar recording

Rolling Forecast is an essential tool for financial planning and analysis (FP&A), with a potential to radically transform corporates’ traditional budgeting process.

If implementing properly, the Rolling Forecast expands planning horizons, reduces planning cycles, and helps in executing organisational strategies. Companies will realise the Rolling Forecast's full potential only when they are ready to change. If it is not implemented with thought, it can become another non-value adding process, an expensive time-waster without benefit to the organisation.

This global webinar shared insights of the International FP&A Board on Latest Trends in Rolling Forecast.

Matthijs Schot, Head of Group FP&A at Maersk Group and a member of London FP&A Board gave an overview of his company’s experience on implementing Rolling Forecast and Going Beyond Budgeting

This is the recording of the original global webinar that took place on the 15 August 2017.

 

THE COST OF TOO MUCH DATA

By Emmanuel JiboduSr. Analyst, Global Finance - Stericycle Inc.

"We are drowning in data but starving for actionable insight"

 - Unknown                                                                                     

The Financial Planning & Analysis (FP&A) function has become more prominent in the decision making process in most large organizations because of the emergence of BIG DATA (large volumes of unstructured and structured data). Today, most companies have access to vast amounts of data (financial and operational) and must figure out how to use it to drive growth and profitability.

FP&A Professionals: Why Do We Need International Business Communication Standards (IBCS®)?

By Michael Fritz, Managing Director GRID Dynamics Inc.

Q: What do motorists, composers, musicians, architects, engineers, and builders have, that FP&A professionals don't?

A: Read on...

Standards exist everywhere. They make our lives easier by providing a common “language” which we use to improve communication, and quickly understand complex materials for rapid, informed decision-making.

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