A budget uses numbers to express thoughts which can be done broadly, narrowly, or both. How thoughts are expressed is important in a budget. If a budget is not impressed properly, it becomes irrelevant in many ways.
What is systems thinking and how can it be applied in a real-life finance business partnering scenario? A modern finance business partner requires a shift in mindset away from linear to more of interconnectedness.
A proper financial model that provides quick answers to different changes will help you make your life in planning more successful.
This article explores to what extent both Lean and Six Sigma can be applicable to FP&A work. Are such techniques still relevant today? The answer is yes.
A study showed that organisations with high bonus payouts performed much better financially than those who did not pay high bonuses. This is why incentives can be seen as a financial tool to drive better performance.
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