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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 [...]
AI and the Future of Financial Modelling Financial Modelers spend most of their lives thinking about the future and imagining different scenarios for their clients. But what about the future of financial modelling? Can Artificial Intelligence Replace the Modeler? There are some modelers who predict that artificial intelligence (AI) and machine learning will eventually become [...]
Dear CFO / CIO, I am writing on behalf of your office staff - they need your help. There are FOUR decisions you can make today that will make your business a more efficient and a more engaging place to work. 1. Commit to providing regular training for your staff Picture a scenario where a [...]
"I Never Knew Excel Could do THAT!" Spreadsheets have come a long way since they were invented in 1979! They’re not the answer to everything … but they may well be the answer to more than you think because this is what we hear all the time: "I Never Knew Excel Could do [...]
Infographic: How Digital Disruption is Changing the role of the CFO Any CFO that still thinks their main role is to produce accounts and lodge tax returns will soon be out of a job. Digital disruption is changing the world’s economy, companies, and every job function they contain. We surveyed a number [...]
58 Crazy Excel Stories (that are probably happening in your company right now)!Crazy things happen when you mix untrained users with Excel.It’s not really rocket science. Crazy things would happen with any complex system if you don’t train people properly.But many companies simply assume that everyone knows Excel, so they don’t need much (if any) [...]
"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 [...]
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