Tag: Data

Data Analytics 101 – Start here!

Do you understand what data analytics really is, or just that it’s a hot topic you’d like to know more about?

Getting to grips with business analytics (to give it its other name) should be near the top of the “to do” list for most finance professionals. But a lot of accountants don’t actually know what analytics is and how it fits into the accounting and finance function.

So if that is you, then this first instalment of a 5 part series on Business Analytics is a perfect way to get started.

Continue reading “Data Analytics 101 – Start here!”

Why your business planning needs Core and Edge

Guest post by Lance Rubin

If your finance department is going to operate effectively, it needs the right blend of three elements: people, process, and technology. Having each of these elements present in your function is easy enough, but getting the balance right is another thing entirely.

Taking a tech-first approach is, in almost all cases, a bad idea. Technology is never a driving factor – leading with tech is like offering up an answer without really knowing what the question is. But scrutinising the state of your current technology can tell you a lot about your people and processes, which is where the true balance comes in. Continue reading “Why your business planning needs Core and Edge”

#BQs – Why are finance so happy to “piss money up the wall”?

As Alan Sugar, or should I say Baron Sugar, head honcho of the UK TV Series, The Apprentice, once said…

“Business is not about coming in, pissing my money up the wall and saying ‘Oh well, I have learnt from my mistakes and it won’t happen in the future”

So what if we treated our finance processes as if we were the owner of the company?  Would we keep all the behaviour and cash leakage that currently exists?

Continue reading “#BQs – Why are finance so happy to “piss money up the wall”?”