Strategic Planning Applications for Better Decision Making

  • Source: GoldSim
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Successful strategic planning relies on your ability to develop and evaluate alternative strategies to identify the most viable approach. But when the outcomes are dependent on complex systems that are difficult to predict, you might conclude that the unknowns are insurmountable. Avoid making decisions based on intuition—develop models using computer simulation for clearer pictures of the outcomes of your strategies.

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Modern Finance In The Digital Age: Plan and Predict Best Practices

The “3rd platform” continues to be a driving force of change within the global business economy and investors are increasingly more interested in businesses that can leverage big data. For the financial well-being of a company, implementing best practices for planning and prediction based on big data is crucial.

All aspects of business must keep pace and respond to changing forecasts and markets, creating value with the use of digital technologies. In developing uniformity of high-quality information across departments, as well as the ability to access data anywhere, businesses become more efficient. Generating operational data from a range of users within your company enables your finance organization to develop forecasts, business plans, and future models as well as market strategies. When planning applications are more strategic, teams are better able to predict and plan for the next move.

In today’s world of big data and quickly shifting international business markets, CFOs must understand that success depends on the ability of businesses to embrace and use digital information. In this white paper, learn how to develop best practices by replacing outdated and complicated spreadsheets with new modern applications that provide support to a variety of users, not just those involved in finance. Also learn how drive planning can be facilitated by cloud-based applications, and how to adopt driver-based rolling forecasts to allow for faster decision making.  Read More

Modern Finance In The Digital Age: Plan and Predict Best Practices

The “3rd platform” continues to be a driving force of change within the global business economy and investors are increasingly more interested in businesses that can leverage big data. For the financial well-being of a company, implementing best practices for planning and prediction based on big data is crucial.

All aspects of business must keep pace and respond to changing forecasts and markets, creating value with the use of digital technologies. In developing uniformity of high-quality information across departments, as well as the ability to access data anywhere, businesses become more efficient. Generating operational data from a range of users within your company enables your finance organization to develop forecasts, business plans, and future models as well as market strategies. When planning applications are more strategic, teams are better able to predict and plan for the next move.

In today’s world of big data and quickly shifting international business markets, CFOs must understand that success depends on the ability of businesses to embrace and use digital information. In this white paper, learn how to develop best practices by replacing outdated and complicated spreadsheets with new modern applications that provide support to a variety of users, not just those involved in finance. Also learn how drive planning can be facilitated by cloud-based applications, and how to adopt driver-based rolling forecasts to allow for faster decision making.  Read More

Modern Finance In The Digital Age: Report and Comply Best Practices

In the era of big data, the traditional models for report and comply functions are becoming obsolete. But report and comply processes no longer have to be time consuming, frustrating, or fragmented. By consolidating systems and information across departments and divisions, enterprise resource planning (ERP) solutions via cloud technologies can help businesses modernize these processes, making the record-to-report cycle faster and allowing for data to be in the right hands and the right time. This synchronization of information via the cloud can streamline what used to be a long and complex process. Better business choices can be made by installing best practices for data governance, ensuring that the highest quality data is used and errors are avoided.

Increasingly, modern business models feature cloud technology as vital for present and future transactions, but best practices must also be installed to ensure success. In this white paper, read how to develop and refine report and comply best practices in the areas of general ledger accounting, the financial close, management reporting, and external reporting. Learn how the standard of real-time decision making is being challenged and replaced by a more forward-thinking, data-driven idea of “right-time” decision making, and the importance of streamlining report and comply functions. By using best practices and technology together, learn how to modernize and hone these processes to develop a more efficient strategic process that allows tasks to occur simultaneously, allowing everyone to have the same access to information, reduce errors, and eliminate overtime.  Read More

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In Search of Clarity: Unraveling the Complexities of Executive Decision Making

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