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Consider this "virtuous circle": better forecasting leads to stronger collaboration between finance and business. And, stronger collaboration leads to better financial and business forecasts. According to a recent report from the Financial Executives Research Foundation, "effective collaboration starts with understanding the information business units are using to monitor and improve performance...." Let's look at what that entails.
The word “seismic” refers to earthquakes and things that behave like earthquakes. It’s the word analyst Gary Simon uses when he talks about changes taking place in today’s corporate finance organizations.
Dozens of IBM customers are making the switch from IBM Cognos TM1 to a powerful new solution for planning, budgeting, forecasting and analysis. Find out why you should upgrade to IBM Planning Analytics Local.
The power and sophistication of weather forecasting puts business forecasting and planning to shame. So, what can the modern finance function learn from weather forecasting?