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.

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#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”?”

#BQs – Are suppliers more or less important than customers?

Back in 1928, the John Lewis Partnership Founder John Spedan Lewis wrote, “The Partnership’s relationships with its suppliers must be based, as with its customers, on honesty, fairness, courtesy and promptness.”

Today JLP is held up as the business example of how to treat employee’s, customer and suppliers alike.  But more than likely the centre of your attention is your customer and their relations and you’ll do anything to please them.

But what about your suppliers?

Continue reading “#BQs – Are suppliers more or less important than customers?”