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Navigating the New Normal: Why CFOs are embracing Data Analytics and Power BI The role of the Chief Financial Officer (CFO) has never been more complex or challenging. Driven by many interrelated factors such as rapid technology change, changing consumer expectations and regulatory shifts, Perth CFOs are turning to data analytics to help them navigate [...]
10 Ways to Know If Your Budgeting Process Flow Is Broken Discerning professionals know that efficiency is the key to business success in 2024. According to Forbes media, efficient processes are vital at every stage of your operation, including budgeting. Is your budgeting process slow, exhausting and stressful? Do you wonder why you always find [...]
Complete guide to making faster, better decisions with Solver The speed of making decisions matters. Small delays compound and cost money. The right decision at the right time can be a game changer for an organisation, so the pressure for CFOs and Financial Managers to make that decision quickly is immense. In this article, we [...]
Unleash the Power of Cloud-Based Budgeting & Forecasting Software In the dynamic landscape of modern business, cloud-based budgeting and forecasting software emerges as a set of indispensable tools for organisations aiming to stay ahead of the curve. Here at Access Analytic, we recognise the critical importance of efficient financial management in achieving sustainable growth and [...]
"OMG! They Fired our Excel Guru!" Unfortunately, this is all too common these days. Companies, in their over-zealous quest to reduce costs, fire the one person who actually knew how to operate that really complicated Excel spreadsheet that's critical to the report you need to send out next week. What were they thinking!!! Now what? [...]
CFO Secrets of Analysing under Pressure The CFO and their Finance Department are under more pressure than ever before as a result of cost-cutting, staff cuts and an ever increasing demand for analysis to support business decisions like: What are the cost synergies if we acquire X? What if we cut projects A & B, but [...]
Market volatility, depressed prices and slow growth are major factors affecting virtually all companies. For everyone, the focus on maintaining and improving their financial position is intense and this means planning, budgeting and forecasting has never been more critical to success. So here are the seven forecasting habits of highly successful companies: 1. Forecast in two directions Top [...]
What do you do when costs go bad? CFOs in the mining, resources & engineering sectors are facing cost pressures and pricing volatilities that are squeezing profits. Key risks on the radars of many CFOs include: Declining commodity prices How to reduce wage, salary and contracting costs (that are often combined with diminishing productivity). Increasing taxes [...]
Accuracy of Budgets and Forecasts In times of increasing volatility, decision-makers have an even greater need for meaningful, accurate, up-to-date financial projections so they can respond to changes in economic conditions rapidly. In a recent survey of global corporations, research firm Aberdeen Group found that market volatility is the major challenge for effective financial [...]
In the current environment, reducing costs and increasing productivity are the keys to success. This was emphasised strongly by a recent PriceWaterhouseCoopers (PwC) report which found that profits at the world's top 40 mining companies, including BHP Billiton and Rio Tinto, slumped by half as the mining boom came off its highs, then reduced by [...]
Forecasting & Financial Modelling Techniques, and Key Driver Analysis By Access Analytic These two key topics were the subjects of presentations by Access Analytic Principal Business Analyst, Jeff Robson, during June’s ‘2013 CPA Week’ in Brisbane. Successful forecasting – predicting or estimating the future based on past and present data – is fundamental to [...]
Rolling Forecasts That annoying crystal ball By Jonathan Lim Financial forecasting is a process that flows through the veins of effective organisations. Unfortunately, these same forecasts can cause organisational blood clots if healthy practices aren’t followed. Two practices to avoid are: Trying to shorten the process or; Viewing the end result as a crystal [...]
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