I was lucky enough to attend this year’s Future of Finance and CFO Summit at the stunning Hurlingham Club, London this week.
It was a glitzy affair with a celebratory atmosphere and many innovations on display (we even saw the new Tesla car “dance” to its own music) and behind the confident presentations and project headlines, there was a simple message…
We are all in startup mode and that is exciting!
Continue reading “We are all in STARTUP mode, so love it! – Takeaways from #FOF19”
Data Scientist: Yo accountant dude! Why do you spend so long producing your budget and forecast numbers?
Accountant: It’s how we performance manage the business.
DS: But dude, your work is always wrong, it’s always out… I mean, unless you have a crystal ball, you can’t get it right, right?
Continue reading “Is your forecasting mindset killing CFO innovation – Part two”
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!”
