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FP&A Trends

Address the 6 key challenges in creating value from your data

By Ian Yates,  Managing Director at Barcanet

To create value from data, you do need a big data strategy – right?

Well, actually, probably not.  According to Gartner, the ‘all-encompassing data strategy’ fails around 60% of the time.  In fact, Gartner have even stopped publishing a Big Data ‘Hype Cycle’ (their measure of maturity and adoption of technologies).

 

Fractal FP&A: How to Apply the 80/20 Pattern

By Karl Kern, Founder/President, Kern Analytics LLC

As a word fractal is not frequently used in conversation.  As a concept fractal is frequently present in our lives.  Its presence is evident in nature.

The concept of a fractal was established in large part by the work of Benoit Mandelbrot, a mathematician whose work covered a wide and diverse number of disciplines.  Perhaps the most notable example of how he established the concept of a fractal was his study of England’s coastlines.  What his study identified was sections of England’s coastlines resembled the coastlines as a whole.  This resemblance has been labeled self-similar.  Self-similar, or self-similarity, has affected a number of studies related to science.  Self-similarity is not restricted to science.  Self-similarity exists in FP&A which I saw first-hand.

FP&A Business Partnering: Becoming Strategic and Influential

By Ernie Humphrey, CEO at Treasury Careers

I recently had the honor of moderating a global webinar focused on how Finance leaders can leverage FP&A business partnering to impact performance across the enterprise. The featured speakers delivered nothing short of compelling experiences and insights. Larysa Melnychuk, the founder and managing director of FP&A Trends Group, shared her insights and experiences in moderating International FP&A board seminars across the globe. I doubt anyone has had as much face time with FP&A leaders across the globe than Larysa over the past 4 years. Ander Liu-Linberg shared his experiences and insights relative to the ground-breaking finance transformation that has taken place at Maersk over the past ten years. I wanted to share just a few of the great insights and take-aways they offered to our webinar attendees.

Finance & Accounting Revolution: Rise of Robo-Accountants

By Emmanuel Jibodu, Sr. Analyst, Global Finance - Stericycle Inc.

The Boston Consulting Group (BCG) predicts that by 2025, up to a quarter of jobs will be replaced by either smart software or robots. There are numerous articles being written, nowadays, on the plight of several professions — lawyers, financial advisors, accountants, etc., because of robo-lawyers, robo-advisors, and robo-accountants. A robo-accountant is NOT necessarily a robot with arms and legs from a science fiction movie; and, in the context of finance & accounting (F&A), the term can be ascribed to software that performs F&A processes.

FP&A Data Quality: 5 Signs you Need Better Data Preparation

By Ian Yates,  Managing Director at Barcanet

Business users want the power of analytics – but analytics can only be as good as the data being analysed. A survey by TDWI has revealed best practices to improve data preparation, finding 76% of businesses hope to increase data-driven decision making and 37% are currently unequipped to do so. There are 5 signs that reveal the need for better data preparation.

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