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Rolling forecasts are a well-established best practice. Now, a new knowledge brief from the Aberdeen Group identifies more of their benefits.
If you want a highly productive data science team that enables better demand forecasting and planning, you must empower them with the right tools.
Analytics for all - ** Featured Post **
In a successful demand forecasting and planning cycle backed by predictive analytics, everyone sings their part from the same sheet of music.
Continuous planning is one of the best practices that provides numerous improvements to business processes, which can deliver major benefits over time.
Analytics for all
In this series of posts, guest author Dan Vesset addresses each of the five data analytics capabilities. This fourth post focuses on predictive analytics.
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.
Non-financial data can be an important supplement to financial KPIs when you’re building financial forecasts. That’s one of the key findings from an FSN survey of nearly 1,000 senior finance executives.
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?