Within manufacturing organizations, each department ideally views the corporate financial planning and analysis (FP&A) team as a partner taking the role of strategic advisor working closely with business units. Its duty is, in part, to identify opportunities for investment and savings while mitigating costs.   However, for many manufacturing organizations,...

Bringing together disparate data points in a coherent manner remains a very real and prominent challenge for CFOs and finance departments in manufacturing organizations.   For most organizations, the culprits are spreadsheets, disconnected pieces of legacy software, or manual processes. Fortunately, there is a better way to support financial data...

CFOs have a remarkable opportunity to add value to their organization by delivering timely and insightful financial data to support decision-making in today’s fast-paced environment. But, many CFOs are handcuffed by legacy technology and processes that cripple their ability to seize this opportunity to provide a deeper level of guidance...

When looking at the core elements of corporate or enterprise performance management (CPM/EPM) for manufacturing organizations, there are specific planning processes considered essential to success. Among these processes is business modeling, which is fundamental for any operation. By investing time to plan and develop business modeling, global enterprises can map...

Zero based budgeting (ZBB) is an incredible finance tool that organizations can use to reduce financial waste and optimize their cost-efficiency. CFOs and Finance leaders that have embraced ZBB understand how important budget maximization is in supporting the success of an organization to address modern business challenges. So, what’s the...

In light of the global health crisis, businesses and finance leaders have been forced to re-evaluate their current budgeting methods and maximize their spending efficiencies. Fortunately, zero-based budgeting (ZBB) has emerged as a viable alternative to traditional driver-based planning or annual operating plans.   CFOs recognize that now is the...

Finance relies heavily on the utilization of forecasts and estimates to inform present and future decision-making. The introduction of COVID-19 one year ago completely disrupted any and all plans, schedules, or predictions. With the world greatly affected by uncertainty, finance leaders were forced to develop long-term models that were adaptive...

Accurate forecasting creates many benefits for global organizations such as better allocation of resources, more accurate budgets for future periods, anticipating changes in the market, and maintaining a competitive advantage. However, building more accurate forecasting models is oftentimes placed on the backburner. Nearly every organization is thinking about how to...

​How Scrapping the Annual Budget and Using OneStream XF Could Be the Best Decision Your Company Will Ever Make   Oh, the woes of the annual budget. It’s just another necessary evil - one of those things that everybody hates, but we all have to do nonetheless, right? Actually, no....