Articles tagged as: "finance"

Transforming forecasting and risk management: A practical guide to xP&A implementation

In today’s rapidly evolving business landscape, organizations face an increasingly complex challenge: how to maintain accurate forecasting and effective risk management while navigating unprecedented levels of uncertainty. As US Economist Michael Hammer wisely noted, “The secret of success is not to predict the future but to create an organization which can prosper in an unpredictable […]

Communicate budget variance: The path to strategic action [best practices from FP&A professionals]

Project budget variance reports are invaluable tools, but how to communicate budget variance and turn the information into strategic actions? Budget variance reports’ true worth lies in how the insights they provide are used across the organization. If such insights can’t influence strategic changes, variance reports are limited to control and accountability functions. To ensure […]

The ultimate balancing act for project success: Billable vs non-billable hours

Achieving the perfect balance between billable and non-billable hours is both an art and a science. Both operations and finance leaders need to understand what makes their organization profitable, and a big piece of that is knowing how many billable and non-billable hours to plan for. If you’d like to prioritize your company’s financial health, […]

How do I reskill finance teams for BI and BA in the AI era? 4 tips from experts

Two different forces have come together to create the perfect excuse for reskilling finance teams in data analysis-related disciplines. The first one is the adoption of automation and AI in the business world. As stated by Andy Ruggles, principal, PwC and Libby Duane Adams, chief advocacy officer/co-founder of Alteryx, “the need for upskilling, reskilling and […]

Headcount planning explained: How to tackle budgeting & forecasting headcount (The right way)

Senior leadership at every company needs to have confidence in the hiring plan. The hiring plan is vital to achieving a company’s business objectives and goals. This is especially true for fast-growing companies because headcount planning is critical to company growth. Over the last couple of years, the labor market has been very tight, so […]