Tag: financial performance management
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Vienna calling!
Greetings from Vienna: home of the schnitzel, yummy dumplings and lot’s of amazing history. But Vienna is also the hub of many successful companies. Today is the third European IBM Finance Forum 2011. We have had a great day so far. Lot’s of attendees from the Finance & IT departments of different Austrian businesses and…
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Finance Forum – EMEA v1.0
Just a quick hello from the road. It’s one of those very exciting yet extremely busy weeks. The IBM Finance Forum events finally kicked off in Europe. The first event was held on Wednesday in the beautiful town of Wiesbaden in Germany. Wiesbaden is known for three things: It is the capital of Hessen, there…
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A conversation with the King of KPIs – David Parmenter
DAVID PARMENTER Two winters ago, I traveled to Prague to speak at a large conference about Performance Management. As the taxi approached the hotel which was set beneath the breath-taking castle, I felt a sense of excitement: I was just minutes away from meeting a king for dinner. Not any king. Not a member of…
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Three things every controller should know about forecast accuracy
Forecast Accuracy Forecast accuracy is one of those strange things: most people agree that it should be measured, yet hardly anybody does it. And the crazy thing is that it is not all that hard. If you utilize a planning tool like IBM Cognos TM1, Cognos Planning or any other package, the calculations are merely…
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Cool software? The Connected Business – Part 3
Yeah, those spreadsheets. Welcome to part 3 of this series of posts. An interesting special section in the Financial Times prompted me to post a quick summary with interesting quotes. But the report did not necessarily provide some specific details about why spreadsheets make our lives difficult. Part 2 then focused on the particular pain…
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The connected business?
The Financial Times from December 8th 2010 included an interesting special report called “The Connected Business”. A bunch of great articles about technology in the office of the CFO. One thing that caught my attention was the fact that the entire section highlighted the problems caused by the use of spreadsheets. For people who work…
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An interview about Performance Management
IBM Switzerland conducted an interview with me a while ago. For some reason, a friend of mine stumbled upon this last week. The interview was conducted in German, but I have attached the English transcript produced by IBM. The Podcast appeared on the Swiss IBM website. Welcome to the podcast on the subject of optimized…
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The case for forecast accuracy
People always say that you get what you measure. And it is true. When I want to loose weight and I am serious about it, I do have to step on the scale frequently. The same thing is true for business. What gets measured gets done. FORECAST ACCURACY Forecasting has become a critical business process.…