Business Intelligence and Data Analytics Blog
Information and Discussions on Business Intelligence, Data Analysis, and Management featuring: Strategies, Best Practices, PARIS Product Tips and News
From SQL to Excel: Real-Time Financial Reporting and Planning with PowerExcel
If your ERP or accounting system runs on SQL Server, you're sitting on a goldmine of financial data. But here's the frustrating reality: most finance teams still rely on CSV exports or endless IT ticket requests just to access the information they need for basic...
Foreign Currency Translation in Financial Models: 5 Field-Tested Tips for Faster, Cleaner Consolidation
An experienced FP&A leader doesn’t chase complexity—he or she organizes it. This summary distills a pragmatic approach to foreign currency translation in financial models drawn from hands-on group consolidation work. The method respects IFRS/US GAAP, keeps reports...
Creating and Forecasting Partner Compensation Calculations for Law Firms
Smart businesses don't put all their eggs in one basket when making big investments. Instead, they use scenario planning to see how those investments might play out in different futures. This approach helps spot hidden risks and opportunities before committing...
Using Scenario Planning to Evaluate Capital Investments Under Multiple Outcomes
Smart businesses don't put all their eggs in one basket when making big investments. Instead, they use scenario planning to see how those investments might play out in different futures. This approach helps spot hidden risks and opportunities before committing...
Improving Long Range Planning with CapEx Forecasting Tools Built for Flexibility
As a financial manager, capital expenditure forecasting is a well-known, universal hurdle: crunching numbers is just the start of a laborious and extensive process. Unexpected mathematical complexity isn’t even the main culprit: the largest source of unexpected...
Automating Financial Consolidation to Eliminate Manual Close Delays
Companies that have multiple entities understand the process well: financial consolidation is a critical part of closing the books and keeping accounting streamlined throughout the organization. And while today’s tools are powerful, there’s still a significant amount...
Strategic Resource Allocation to Maximize Efficiency in Engineering Firms
Strategic resource allocation is one critical area that demands attention in the competitive architecture, engineering, design, and construction (AEC) landscape. As engineering firms continually seek ways to enhance operational efficiency and project outcomes,...
Identifying and Tracking Key Financial Performance Indicators in the AEC Industry
For AEC firms to stay competitive and profitable, tracking the right financial performance indicators is essential. These metrics provide critical insights into operational efficiency, profit margins, and overall business health. With growing industry pressures—from...
Automation in FP&A: Eliminating Manual Reporting Errors and Improving Efficiency
Eliminating Manual Bottlenecks in FP&A for Greater Efficiency Despite the overall modernization of an automation-driven workforce, the persistence of manual processes in FP&A perpetuate challenges to doing business and facilitating growth. These processes...
Choosing the Right FP&A Tools: Navigating the Complex Landscape for Mid-Sized to Large Organizations
No longer reduced to a back-office function, today's financial planning and analysis (FP&A) processes consistently evolve into a strategic cornerstone for organizational success. As businesses expand, managing internal finances becomes increasingly complex, and...