In this blog we will look at the components of a modern solution and why it matters. At the heart of every Analytic application is a mathematically based business model. This model describes the organisation in terms of its relationships between:

It’s difficult to think of a business process that is more unpopular than budgeting. In nearly two decades of writing and talking on the subject, I have yet to come across anyone who is prepared to stand up and say it is a good thing.

Organisations operate in an uncontrollable and often unpredictable business environment, such as market demand, energy, inflation and exchange rates. As a consequence, the role of planning is to help manage what can be controlled to produce outcomes that will achieve organisational objectives, within an uncontrollable and unknowable external environment.

Spreadsheets are without doubt the ‘killer’ application that turned the PC into an indispensable business tool. Before then, computing was the preserve of geeks and specialists who spoke in a language few accountants could understand as they served expensive, inaccessible machines locked away in their own air-conditioned environment.