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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 Find the Best FP&A Candidates for Your Team

Spreadym

FP&A candidates typically have a background in finance, accounting, or a related field and possess a combination of skills and knowledge in financial analysis, modeling, and strategic planning. This includes building pro forma financial statements, forecasting cash flows, and scenario analysis.

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Top 5 Challenges and Smart Strategies for FP&A Teams

The Finance Weekly

Delegating responsibilities allows for concentrated efforts on both strategic planning and operational tasks. Additionally, establishing clear and succinct priorities for the team provides a roadmap for harmonizing daily duties with overarching , strategic goals. This makes the data more accurate and easier to access.

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FP&A best practices for 2024

Centage

Finance teams often get asked to do more with less, which makes it important that you adopt the right FP&A tools to amplify your capabilities and create more time for strategic planning. Cloud platforms enhance collaboration, ensure real-time data access, and facilitate seamless integration with other business systems.

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Finding the Patterns in Big Data

The Finance Weekly

One of the most powerful ways to defend against competitors and shine amongst your peers is to discover that one gem of data that drives action. In technical terms, it’s the art and science of mining your data to find key patterns. 2 Clean Up Your Data The quality of your data analysis is only as good as the data you've collected.

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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.