3 Considerations For Selecting the Right Financial Forecasting Software

What is financial forecasting? How does it differ from budgeting? And what should you be considering when looking for a financial forecasting software to help automate your financial forecasting process. Financial forecasting and budgeting are often used interchangeably when talking about business planning processes.  They are both used to align organizations and help executives to…

Read More

Reasons You Should Stop Using Excel For Financial Data Analysis

  At first glance, Excel seems like the perfect data analysis tool. It can carry out numerous calculations, is readily available, and can be put to good use when preparing budgets, forecasts, and various financial models. However, Excel has significant limitations that reduce the efficiency of your financial data analysis projects. The simple and user-friendly…

Read More

Tired of Spreadsheet Errors? 

The spreadsheet may be one of the most powerful and most dangerous tools that a business user has in their toolkit.  In fact, Microsoft estimates that there are over 1 billion Office users worldwide.  Yet, spreadsheets are the go-to for many types of analysis and modeling needs.  They are easy to use and great for creating simple visualizations.  And, are an easy way…

Read More

IBM TM1 Consulting Companies Are Not All Equal

IBM TM1 consulting projects are not typical IT projects.  They require knowledge and experience in 3 areas.  Your IBM TM1 consulting firm must have strong business acumen, understanding of data and an effective program management methodology. Although, not all IBM TM1 consulting companies can cover all three of these critical areas. 1. Business Acumen is…

Read More

What Is Financial Analytics?

  Financial analytics is a concept that provides different views on the business’ financial data. It helps give in-depth knowledge and take strategic actions against them to improve your business’ overall performance. Financial analytics is a subset of BI & EPM and has an impact on every aspect of your business. It plays a crucial…

Read More