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When to Use a ‘Decision Tree’ for Business Planning

CFO Selections

The “branches” off each decision alternative that result use data analysis to forecast the most likely outcome of each decision. A decision tree is a critical part of strategic planning because it allows decision makers to analyze the effects of a significant change throughout different areas of the business.

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Sales Performance Management: Connecting the dots to xP&A

Jedox Finance

Adopting the concepts of Extended Planning & Analysis allow organizations to unify processes – unifying the go-to-market (strategic) planning and the individual sales rep. Unified tools and processes reduce data silos, decrease a risk of potential misalignment, and support better long-term business performance.

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How to put finance business partnering puzzle together?

Fpanda Club

Moreover, over 30% of finance leaders still do not have a seat at the table during strategic planning discussions. The whole idea of finance business partnering is based on providing valuable insights derived from data analysis. These are the basic that should be in place and in good standing.

Finance 130
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What Is Enterprise Performance Management?

Jedox Finance

EPM bridges the gap between these different planning silos and supports planning, analysis and reporting of business results, KPIs and more. Collection of organization-wide financial and non-financial data. Analysis and calculation of major KPIs. Set organizational, strategic, high level goals and targets.

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The Treasury Function Gets Strategic

Global Finance

And while the latest tools of the trade—artificial intelligence (AI) and machine learning (ML)—promise to make tasks such as liquidity forecasting, cash management, and risk management easier, they come with their own complications and tie the treasury team even more closely into management’s strategic planning.

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The Ins and Outs of Budgeting and Planning Drivers

Centage

With driver-based planning, companies identify a set of factors that influence their success and model that data to better understand its impact. Managers can then run scenarios with the drivers to improve long-term strategic planning.

Budgeting 105
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Strategic Budgeting and Forecasting: Five Questions to Consider

Centage

With the proliferation of innovative tools, machine learning, and automation available today, the finance team’s job has expanded and become a more critical part of the organization’s strategic planning.

Budgeting 111