The bloodstream of all organisation is its sales and purchase transactions and it is undoubtedly one of your most critical data sources. To be successful with your digital transformation – data is key.
Here is an expanded example of where the transformative journey should begin.
Continue reading “#BQs – Why do we need to focus on data quality? An E-invoicing example”
In an office somewhere in the world…
Data Scientist: Yo accountant dude! Why do you never forecast your miscellaneous revenue line?
Accountant: It’s miscellaneous, you can’t forecast that line.
DS: But dude, it’s 1% of your total revenue, that’s gotta impact the business and your forecast sensitivity, right?
AC: That line has no owner, you can’t forecast that line.
DS: I got exciting news dude, I can predict this line for you and be 75% accurate. That’s gotta be better than putting in a big fat zero? <holds up hand for a high five> Continue reading “Is your forecasting mindset killing CFO innovation – almost certainly!”
Taken from Leading Change, Long Read – AAT Magazine, Nov/Dec 2018
For the past year, Christopher Argent, business intelligence (BI) and analytics programme lead at Vodafone, has been ensconced in the mobile phones company’s group finance BI and analytics projects, which meant implementing significant change across the finance teams globally.
Continue reading “What is collaborative innovation? Why should you care?”