There are three questions that a finance executive should always be able to answer when they sit down with a business leader:
1. The first question is, what happened? We’re pretty good at that in finance. We can calculate the actuals and say, “Sales are off 15%.”
2. The second question that always follows right on the heels of the first is: Why did that happen? We’re … [ Read more ]
Content: Quotation | Author: David Axson | Source: Business Finance Magazine | Subject: Finance
The more unpredictable business becomes, the more companies could use a dependable way to identify opportunities, formulate scenarios and avoid pitfalls without relying disproportionately on hindsight. Scenario-based enterprise performance management, a forward-looking, analytics-based capability, is designed to help organizations build strategies, forecasts, plans and budgets.
Content: Article | Authors: David Axson, Natalia Timofeeva, Robert Bergström | Source: Accenture | Subjects: Management, Strategy