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Tag: Forecasting

What is a data warehouse, why do I need one, and what are the benefits?

April 20, 2021

What is a data warehouse, why do I need one, and what are the benefits?

by Colin Quinn

As any good builder knows, having the right tool for the job is invaluable. Just ask someone who’s used a screwdriver to assemble a certain Swedish companies’ furniture how much they would pay for a power drill.

Hint – It's everything, and the same notion holds true for working with data.

Today, companies want to dive into buzzword-heavy data projects like machine learning, artificial intelligence...

Modern FP&A, Forecasting, Budgeting, and Planning Pitfalls - Part 3: Reporting & Dashboards

March 8, 2021

Modern FP&A, Forecasting, Budgeting, and Planning Pitfalls - Part 3: Reporting & Dashboards

by Colin Quinn

In part two of this series, we discussed how to plan like a champion and avoid a lack of buy-in and input from owners and how to sustain it in your forecasting process. In part three we will cover how embracing continuous planning, reporting, and dashboards can improve the efficiency of your planning process while minimizing errors, and increasing the accuracy of your forecasts.

In a recent report from Radius...

Modern FP&A, Forecasting, Budgeting, and Planning Pitfalls - Part 2: Buy-In & Input

February 8, 2021

Modern FP&A, Forecasting, Budgeting, and Planning Pitfalls - Part 2: Buy-In & Input

by Colin Quinn

In part one of this series, we discussed how to improve your forecasting process by embracing integration and automation. In part two we will discuss how to plan like a champion and avoid a lack of buy-in and input from owners and how to sustain it in your forecasting process. 

This past Sunday Tom Brady won his seventh Super Bowl while taking the Tampa Bay Buccaneers to their second conference championship...

11th Annual Deltek Government Contracting Industry Study (Clarity) Highlights

June 15, 2020

11th Annual Deltek Government Contracting Industry Study (Clarity) Highlights

by Colin Quinn

Do you know the trends that are currently shaping the Government Contracting space in 2020 and beyond? No worries, every year Deltek surveys industry leaders within the government contracting space, asking for a review of their business performance, goals, and challenges from the previous year. Next, Deltek reviews all the data collected and creates a comprehensive report. The Clarity report is the ultimate tool...

July 10, 2019

Planning analytics: What is your enterprise plan?

by Colin Quinn

It all begins with a plan. Whether it’s the overall strategic plan or a detailed operational plan, this step is usually part of the overall enterprise performance management strategy, which encompasses financial planning, budgeting, and forecasting. Planning is in a unique position compared to the other analytics groups because it relies on outputs of all the other steps.

Even today spreadsheets remain one...

January 10, 2018

5 Reasons Your CEO Prefers Data On A Dashboard

by Colin Quinn

The days of CEOs waiting for the delivery of a physical report are long gone. Today, many forward-thinking executives are making use of data visuals and dashboards to gain insight into their company, rather than relying on IT.

There are many benefits of CEO dashboards with a connected interface, including the ability to track performance and monitor data, profits, balances, revenues and forecasts all in...

December 2, 2014

Rolling Forecasts: Replacing the Annual Budget

by Colin Quinn

Long gone are the days when annual budget steered business decisions, with only predictable, minimal changes. With increasing competition and a volatile economic environment, companies need a better way to predict the future. As a result, new forecasting techniques have emerged to help anticipate changes and drive better informed strategic decisions.

Traditional forecasts take a structured approach to...

May 22, 2014

Transform your Budgeting and Financial Planning Process

by Colin Quinn

For most organizations, the annual budget process is a painful, distracting, on-going exercise in futility that consumes a tremendous amount of resources and time, then quickly becomes so outdated that it is often deemed irrelevant for management purposes. The traditional budgeting process generates numerous issues and challenges that impair organization’s planning, forecasting, and performance management...

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