The gold rush is a defining part of Silicon Valley. The gold of today is data, and many solutions are rushed to the world market from a small radius around Princeton University. On the other side of the Bay lies the University of California, Berkeley, a place of the Liberal Arts in contrast to the technology-driven Princeton.
FP&A Insights
FP&A Insights is a collection of useful case studies from leading international companies and thought leadership insights from FP&A experts. We aim to help you keep track of the best practices in modern FP&A, recognise changes in the ever-evolving world of financial planning and analysis and be well equipped to deal with them.
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In his book THINKING, FAST AND SLOW Daniel Kahneman describes two schools of psychology within the study of decision making. Clinical psychologists advocate the use of methods like heuristics (rules of thumb) and intuition for making decisions. Statistical psychologists, on the other hand, advocate the use of methods like simple algorithms or formulas for making decisions.
Workflow is critical to a CPM application in the same way that it is critical to ERP. It is through workflow that users are directed and their attention focused onto their roles and responsibilities through the different performance management processes. The activities involved tend to be classified into the management processes.
The central CPM business model requires multi-dimensional technology. The CPM business model will typically consist of the 7 dimensions.