A big apology from the FAO Blog, for being out of circulation for quite a while.
We are back, and have big plans.
We start today with a research report from the Aberdeen Group.
Automating the Financial Planning, Budgeting, and Forecasting Process
Creating well-informed plans, budgets, and forecasts is essential for enabling business leaders to be confident when making investments and decisions. Additionally, the ability to react quickly to changing business conditions, or agility, is essential to ensure that plans are based on the most recent data. But this is easier said than done. The fact is that in order to enable accuracy and agility, top performing organizations pair a series of capabilities and technologies to make these processes as simple as possible through enabling access to data and collaboration. Still, Aberdeen’s 2013 Financial Planning, Budgeting, and Forecasting Benchmark survey found that 89% of organizations are using spreadsheets in the planning, budgeting, and forecasting processes. There is more to that story, however. While it is true that almost all organizations are utilizing spreadsheets in some way, Best-in-Class organizations are more likely to automate the ways in which they are utilizing spreadsheets. This Analyst Insight, based on a survey of over 200 organizations, illustrates how Best-in-Class organizations use spreadsheets as well as the benefits of utilizing more robust technology in conjunction with spreadsheets to facilitate data access, accuracy, and agility. –
Get the full report at :
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