APQC has just released a report containing new research on financial planning and analysis (FP&A). Data shows that while some organizations have stellar FP&A processes, we should expect to see CFOs building more effective FP&A capabilities that include advanced analytical techniques;…
APQC’s Financial Management research team is finishing up a study on advanced techniques in financial planning and analysis (FP&A). The following are some highlights and insights into what we’ve found so far. If you are interested in learning more about this topic, join me on Wednesday, March…
The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have issued their long-awaited converged standard on revenue recognition. The rule governs how and when revenues can be recognized in different industries. In essence, the new rule will do away…
APQC is currently conducting a study that focuses on indirect procurement. This research will provide insight into what benefits can be obtained by modernizing aspects of the procure-to-pay process and explore cross-functional collaboration and alignment between…
I was recently able to talk to Susie West, founder and CEO of sharedserviceslink.com, about role of Global Process Owner (GPO) at large multi-national companies, the challenges the face, and how they are charged with improving financial management processes. Susie West will be speaking on our…
I, like many, have benefited from low oil prices in the last several months. Last week I filled up my car with gas in Dallas, Texas for $1.75 per gallon; I didn’t know whether to take these rates as a happy surprise or a sign of the apocalypse. I then wondered how oil and gas…
As many of our members know, a company that cannot get a handle on fixed asset accounting—a fundamental, meat-and-potatoes aspect of financial management—can raise a lot of eyebrows. Investors want to see that a company can get the basics right. In this video, Mary Driscoll gives a primer…
I recently talked to Steve Williams, president of DecisionPath Consulting, about the risks and rewards business executives face when trying to understand and use analytics, big data, and business intelligence. What’s the basic argument you would make to a CFO who doesn’t yet know how…
Big Data is all the rage, with more and more companies drawing on burgeoning data streams to better understand their customers and make better business decisions. But it can be tricky when you’re trying to turn data into insights and actions that provide a competitive advantage. And both data…
Financial forecasting and resource planning can be challenging under any circumstances, but today there is more demand from operating managers for forward-looking, driver-based analysis and scenario testing. APQC has found early indications that CFOs and controllers want to strengthen…