Ask, Share, Learn – Within the Largest Community of Corporate Finance Professionals

Beyond Spreadsheets: How to
Take Your...
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Ask, Share, Learn – Within the Largest Community of Corporate Finance Professionals

Beyond Spreadsheets: How to
Take Your...
Paul Turner
Senior Director

Rick Smith
Manager, FP&A

Brian Cauley
Solutions Specialist

6 Best Practices
for FP&A

FP&A ...
Expectations have increased for
finance organizations

Business Leaders
Integral part of management
Business Partners
Deci...
How frequently are you
forecasting?
1)
2)
3)
4)

Monthly
Quarterly
Bi-Annually
Annually

19%
33%
21%
28%
Based on 2012 sur...



How long after close do you
publish KPIs, dashboards?
1)
2)
3)
4)
5)

1-2 Days
2-5 Days
5-10 Days
More than 10 Days
Not Pr...
Traditional accounting measures, e.g., net profit, are only part of the
picture when it comes to understanding business pe...
Sales
Pipeline
Forecasts

Marketing

Manuf

Lead
Generation

Production

Corporate
Financial
Plan

HR
Workforce
Planning

...


What: Provide your operations managers with customized models



Why: One size does not fit all

– Sales is different ...
Do at least 50% of
managers with spending
authority participate?
1) Yes
2) No

46%
54%
Based on 2012 survey by CFO Researc...
Laggards

Average

Best-in-Class

0%

10%

20%

30%

40%

Managers Accountable for Budget Accuracy

50%

60%

70%

80%

90...
How is data accessed by
your employees?
Now Desired
1) Request finance 83% 22%
2) Self-serve apps 17% 78%
Based on survey ...
“

More than 90% of spreadsheets contain
serious errors, while more than 90% of
spreadsheet users are convinced that
their...
The Leader in Cloud Business Analytics
Our cloud business analytics platform empowers management
teams to transform their ...
INTEGRATED SUITE


BI & CPM



Intuitive experience



Powerful & flexible



Exceptional service



Continuous innov...
Software

Manufacturing

Healthcare

Non-Profit/Edu

Consumer

Financial Services

Media

Other
Ask, Share, Learn – Within the Largest Community of Corporate Finance Professionals

FP&A at Engine Yard
Rick Smith, Manag...
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… to something
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Demonstration
Beyond Spreadsheets: How to Take Your Budgeting and Planning to the Next Level
Beyond Spreadsheets: How to Take Your Budgeting and Planning to the Next Level
Beyond Spreadsheets: How to Take Your Budgeting and Planning to the Next Level
Beyond Spreadsheets: How to Take Your Budgeting and Planning to the Next Level
Beyond Spreadsheets: How to Take Your Budgeting and Planning to the Next Level
Beyond Spreadsheets: How to Take Your Budgeting and Planning to the Next Level
Beyond Spreadsheets: How to Take Your Budgeting and Planning to the Next Level
Beyond Spreadsheets: How to Take Your Budgeting and Planning to the Next Level
Beyond Spreadsheets: How to Take Your Budgeting and Planning to the Next Level
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Beyond Spreadsheets: How to Take Your Budgeting and Planning to the Next Level

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Video & Slides: http://www.proformative.com/events/beyond-spreadsheets-how-take-your-budgeting-planning-next-level

Technology is the key to unlocking the strategic value of budgeting and planning for your company. Join us as Adaptive Planning shares 6 proven best practices for best in class budgeting and planning and benchmarking data while delivering actionable advice on how to improve your company's budgeting and planning process. In addition, you will hear from Rick Smith, Manager FP&A at Engine Yard - a high growth technology company, who'll share how he's performing headcount planning, CapEx planning and more. Finally, you'll see an Adaptive Planning product demo of what strategic planning looks like when a company moves beyond spreadsheets.

Veröffentlicht in: Business, Technologie
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Beyond Spreadsheets: How to Take Your Budgeting and Planning to the Next Level

  1. 1. Ask, Share, Learn – Within the Largest Community of Corporate Finance Professionals Beyond Spreadsheets: How to Take Your Budgeting and Planning to the Next Level
  2. 2. • • •
  3. 3. Ask, Share, Learn – Within the Largest Community of Corporate Finance Professionals Beyond Spreadsheets: How to Take Your Budgeting and Planning to the Next Level
  4. 4. Paul Turner Senior Director Rick Smith Manager, FP&A Brian Cauley Solutions Specialist 6 Best Practices for FP&A FP&A at Engine Yard Tech Demo
  5. 5. Expectations have increased for finance organizations Business Leaders Integral part of management Business Partners Decision support Process Managers Focus on improved reporting and minimizing risk Accountants Dominated by complex systems and detail Creates value by providing information and analysis for operating and strategic decisions Provides sound financial analysis 4 3 2 1 Stage Key Capabilities Transaction Management Controlling the Business  Annual budgeting  Variance reporting  Financial accounting  Tax, audit, treasury Planning & Analysis Integrated Functional Excellence  Rolling forecasts  Enterprise-wide collaboration  Performance management  Empowering business units to self serve analysis  Analysis of drivers  Predictive, ‘what if’ planning
  6. 6. How frequently are you forecasting? 1) 2) 3) 4) Monthly Quarterly Bi-Annually Annually 19% 33% 21% 28% Based on 2012 survey by Adaptive Planning
  7. 7.   
  8. 8. How long after close do you publish KPIs, dashboards? 1) 2) 3) 4) 5) 1-2 Days 2-5 Days 5-10 Days More than 10 Days Not Producing 9% 9% 15% 11% 57% Based on 2012 survey by Adaptive Planning
  9. 9. Traditional accounting measures, e.g., net profit, are only part of the picture when it comes to understanding business performance. Measurement Gap Between Accounting Measures and Real Business Value The Gartner Business Value Model: A Framework for Measuring Business Performance, March 2013
  10. 10. Sales Pipeline Forecasts Marketing Manuf Lead Generation Production Corporate Financial Plan HR Workforce Planning Plans Logistics Inbound & Outbound Shipments
  11. 11.  What: Provide your operations managers with customized models  Why: One size does not fit all – Sales is different from IT, which is different from Facilities  How: Start with one function, e.g., Sales, as a prototype – – – – Make sure you understand their business before you build the model Integrate data from their key systems, e.g., Salesforce Involve them from the beginning, or else Make sure it’s something that benefits them, not just you  Link and align models Foster ownership by the operations team
  12. 12. Do at least 50% of managers with spending authority participate? 1) Yes 2) No 46% 54% Based on 2012 survey by CFO Research/CFO.com
  13. 13. Laggards Average Best-in-Class 0% 10% 20% 30% 40% Managers Accountable for Budget Accuracy 50% 60% 70% 80% 90% Enterprise-Wide Collaboration Financial Planning, Budgeting, and Forecasting in the New Economy 100%
  14. 14. How is data accessed by your employees? Now Desired 1) Request finance 83% 22% 2) Self-serve apps 17% 78% Based on survey by Amanino Mckenna
  15. 15. “ More than 90% of spreadsheets contain serious errors, while more than 90% of spreadsheet users are convinced that their models are error-free ”
  16. 16. The Leader in Cloud Business Analytics Our cloud business analytics platform empowers management teams to transform their planning, reporting, consolidations and analysis–improving productivity, costs & decisions. 2,000 customers 400+ partners 90% growth 100 countries #5 Fast 500 #1 share
  17. 17. INTEGRATED SUITE  BI & CPM  Intuitive experience  Powerful & flexible  Exceptional service  Continuous innovation INTUITIVE User Experience ADAPTIVE PLATFORM MODELING | COLLABORATION | ANALYTICS 360o view of business performance – past, present & future
  18. 18. Software Manufacturing Healthcare Non-Profit/Edu Consumer Financial Services Media Other
  19. 19. Ask, Share, Learn – Within the Largest Community of Corporate Finance Professionals FP&A at Engine Yard Rick Smith, Manager, FP&A
  20. 20. • – • • – – •
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  23. 23. • • – – • – – –
  24. 24. • • – – – – – … to something like this …
  25. 25. • • • • •
  26. 26. Demonstration

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