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How CFOs can bring agile planning to the whole organisation to cope with Brexit

How CFOs can bring agile planning to the whole organisation to cope with Brexit

Agile methodology is not new but the application of agile thinking to budgeting, planning and forecasting is definitely innovative.

Recent research shows that 81% of senior finance professionals believe CFOs will be more influential in decision making but one third of CFOs are still making decisions based on gut feel. Unable to tap into enterprise-wide information they are at a serious competitive disadvantage, particularly given the Brexit decision.

Find out more about the agility needed to cope with Brexit in our white paper from Gary Simon, CEO of FSN Publishing.

10 Burning Questions to get the most from your Planning, Budgeting & Forecasting

10 Burning Questions to get the most from your Planning, Budgeting & Forecasting

10 questions to help your organization get the most from your planning, budgeting, and forecasting processes and systems.

If you want to grow your business quickly and sustainably, you need to underpin your ambitions with solid processes and systems for planning, budgeting and forecasting (PB&F). Focusing on these 10 questions and your answers to them could help you to find the perfect solution.

Automating Planning, Budgeting & Forecasting processes

Automating Planning, Budgeting & Forecasting processes

Planning, Budgeting and Forecasting (PBF) are central to the viability and growth of any organisation, yet these core financial processes remain some of the most neglected areas of management endeavour.

The budgeting process in particular is seen as extremely onerous, slow and time-consuming. Often spreadsheet-bound, one survey suggests that as much as 20% to 30% of senior management time is locked up in the budget process, equating to 25,000 man-days a year in a billion dollar business.

Another survey confirms that 89% of organisations use spreadsheets for the planning, budgeting and forecasting process in some shape or form. And to add ‘insult to injury’, the typical budget is already out of date by the time it has been finalised, leaving management vulnerable to market volatility and unable to exert timely management of performance. Yet despite these drawbacks some companies have been able to make significant strides in process automation. According to one 2015 survey, median budgeting reporting times dropped about 21% between 2010 and 2014 with notable differences between median and top quartile organisations which typically have more advanced technologies. It seems that CFOs that do not invest in suitable technologies could be putting themselves at a serious disadvantage.

Gary Simon, is Leader of the FSN Modern Finance Forum on Linkedin with more than 43,000 members. He is a graduate of London University, a Fellow of the Institute of Chartered Accountants in England and Wales and a Fellow of the British Computer Society with more than 30 years’ experience of implementing management and financial reporting systems.

Can Finance Really Do Without Specialist Software?

Can Finance Really Do Without Specialist Software?

Produced by CFO Innovation

One interesting finding of this study, which was commissioned by enterprise software company prevero, is that a significant proportion of CFOs appear to be ready to step away from spreadsheet-based planning and budgeting, a manual process that can often be time- consuming and inaccurate.

Nearly a third of respondents to this survey (31%) say they will invest in planning and budgeting software within 12 months, while 8% intend to do so within the next six months. A further 27% say they have already invested in planning and budgeting software.

Personnel Management on the Rise

Personnel Management on the Rise

Personnel departments face many challenges, from identifying the true cost of employing staff and recruitment costs to standardised personnel performance reporting.

Download our whitepaper to discover how you can manage the large volumes of data produced on a monthly, weekly or even daily basis, as well as how to deploy surveys to your workforce and how to report employee turnover with prevero.

BARC’s THE Planning Survey 16 now available

BARC’s THE Planning Survey 16 now available

Selecting the right planning, budgeting and forecasting solution is critical for today’s data-driven businesses.

That’s why BARC’s THE Planning Survey 16 is so important, as it’s the world’s largest survey of planning software users. The BARC report is based on the real-world experiences of some 1,245 global users, all busy road-testing planning products from a dozen different vendors. So prevero is particularly proud that our BI and CPM solutions ranked 1st in 13 separate categories across BARC’s flexible planning solutions, performance management specialists.

Breaking down traditional Finance Office inefficiency cycles

Breaking down traditional Finance Office inefficiency cycles

Today’s dynamic global market places an increased requirement on successful planning.

However, that’s inevitably challenging, as few businesses have either the time or the resources needed to build the scenarios, carry out multiple simulations and submit options to stakeholders for approval.

With planning cycles getting shorter and shorter - and some companies adding multiple forecasting rounds in addition to their usual budgeting regime - organisations increasingly require professional integrated planning capacity in place to ensure the right levels of flexibility.

Planning and Forecasting in the “Post-Brexit” Reality

Planning and Forecasting in the “Post-Brexit” Reality

The recent unprecedented and irreversible British vote to leave the EU has moved the global business environment into a new phase of prolonged uncertainty. The result of only a one-day vote has thrown the world into the huge geopolitical shift.

Suddenly, many organisations found themselves in an environment of prolonged uncertainty and high risks. Many questions are left unanswered. What will the legal and tax implications be in the post-Brexit world? How could business models be adjusted to the new reality?

Will pre-Brexit strategy still be relevant tomorrow? Find out more about Planning and Forecasting in the Post-Brexit reality in our white paper from Larysa Melnychuk of FPA-Trends.

Easily connecting ERP systems and other data sources

Easily connecting ERP systems and other data sources

Integrating all relevant data is an essential factor in business management. In many cases, information comes from several different ERP, accounting and CRM systems or other data sources.

The prevero DirectTouch interface enables convenient and transparent access to various source systems. Moreover, all transformations, filter definitions and adjustments can be carried out centrally in our ETL tool.

prevero Business Planning

prevero Business Planning

Planning is an essential part of business management in every company, it's relevant for all departments and comprises of many aspects.

In addition to budgeting, many companies carry out regular forecasts; some every month. A company must be able to flexibly adapt its planning system, customize it for particular departments and make the operational situation predictable and transparent at all times, to achieve success.

Working with one consistent platform, prevero Business Planning enables you to control all planning processes in a scalable and flexible way without losing time for non-value adding tasks.

prevero Sales Management

prevero Sales Management

Can you adjust your forecast and overall sales plan in real-time to take advantage of new opportunities? Do you know which product and regions are most profitable? What combination of sales channel is best? Is your territory, quota and compensation planning a challenge? And do you have the correct information feeding into your financial statement?

Discover how the powerful workflows in our prevero sales planning tool can help you manage these challenges to provide a dynamic, collaborative, integrated and accurate planning environment. Download the Whitepaper now.

prevero Risk Management

prevero Risk Management

How much risk do you have in your business? Do you know where this risk is? And how much could it affect your financial statement and overall business success?

Discover how prevero can help you identify and evaluate all relevant risks, how to control them, along with how the financial effects of risk based measures can be directly incorporated and managed in your financial planning. Download the Whitepaper now.

prevero Personnel Management

prevero Personnel Management

What impact does Personnel have on your business? Growth and success depend on people, not machines. So how can prevero support your business in making the most of your staff?

Discover how prevero can enable you to keep your staffing costs tightly aligned to demand using real-time planning with multi-dimensional analysis and reporting. Download the Whitepaper now to find out more.

prevero Multi-project Performance Management

prevero Multi-project Performance Management

Are you pursuing the right corporate projects? Are you handling these projects correctly? Can you use the same structures for your project related calculations of margin contribution and cost centres as you do for your business planning? And can you monitor your project management processes? 

Discover how you can have a transparent and comprehensive view of the status and budget of your projects, shorten the processing time of projects, introduce more efficient processes, manage seamless integration with existing systems and a lower TCO. All of which will contribute to more accurate and strategic financial decision making. Download the Whitepaper now.

prevero for Energy & Utilities: Comprehensive Management of Grid Companies

prevero for Energy & Utilities: Comprehensive Management of Grid Companies

Developing an optimal strategy to manage the cost structure of network operators has proven to be a significant challenge as the industry has grown increasingly regulated.

A systematic relationship between asset management, regulation management, EEG/KWKG management, revenue path management and grid usage charges are key to success.

Prevero provides a solution to compliance issues related to regulation management, planning and simulation functions that take the mechanisms of incentive regulation into account, controlling tools for profitability monitoring as well as analysis of the effects of distributed generators in the supply area.

Is your Office of the CFO ready for Brexit innovation?

Is your Office of the CFO ready for Brexit innovation?

Brexit is set to bring profound changes to UK businesses of all sizes. Unfortunately – other than limited Government advice that ‘Brexit means Brexit’ - no one yet has any real understanding of what’s actually going to happen. Given this lack of clarity, how businesses prepare and adapt will be critical.

The Office of the CFO needs to decide quickly whether it’s going to be an Innovator or an Inhibitor in the process.

prevero Airports: Integrating Strategy into Planning

prevero Airports: Integrating Strategy into Planning

Airports are often faced with problematic projects due to a missing link between traffic data, technical capacities, financing options and data concerning the external effects of air traffic.

prevero airports minimizes problems like this with a shared data basis and an integrative approach. prevero airports offers you the possibility of integrating the strategy of your airportyour strategy into all of the fundamental areas of planning. In this way, you have full control of all important facts and figures.

Global FP&A Survey Results 2016

Global FP&A Survey Results 2016

For organisations to survive let alone grow, it's imperative that FP&A departments take advantage of the latest developments in business analytics. We asked more than 260 users about the adoption of analytics in their organisation and the impact it was having.

Today, more than ever, FP&A staff are aware of the importance of understanding their organisation's business model and its predictability. They also realise that because of the development of analytic technologies which are available to the whole market, they dare not pause in their quest to increase efficiency and forecast accuracy.

But just how mature is the current use of analytics - and how do you compare?

The BARC Business Intelligence Trend Monitor 2016

The BARC Business Intelligence Trend Monitor 2016

The IT industry and the world at large have always been subject to technology and business trends, sometimes undergoing major changes, such as the development of the personal computer, client/server computing or the evolution of the Internet.

Over the last few years, new trends have emerged that had an enormous influence on how organizations work, interact, communicate, collaborate, and protect themselves.

The new BI Trend Monitor 2016 from BARC reflects on the trends currently driving the BI and data management market from a users’ perspective. In order to obtain useful data for the BI Trend Monitor we asked close to 2,800 users, consultants and vendors for their views on the most important BI trends. The responses reveal a comprehensive picture of regional, company and industry specific differences and deliver an up-to-date perspective on the BI market.

prevero Subsidiary and Group Controlling

prevero Subsidiary and Group Controlling

Efficient valuation and management of subsidiaries.

During the further development of a company, the number of its legal entities often increases, making it difficult to keep a clear overview. With prevero Subsidiary and Group Controlling, users have optimal control over all their subsidiaries and participations. Moreover, the solution provides them with all information relevant for controlling from different dynamic markets in a fast and reliable way. As a result, all persons responsible for planning get the opportunity to fully focus on the essential aspects.

Reporting & Analysis Factsheet

Reporting & Analysis Factsheet

In times of big data, analyzing data becomes increasingly important. Reliable business planning and reporting depend on the extensive evaluation of timely and accurate information.

The prevero technology platform offers a seamless integration of all popular source systems, as well as a connection to all departments responsible for business management.

prevero ReCon: Web-based solution for the reconciliation of intercompany transactions

prevero ReCon: Web-based solution for the reconciliation of intercompany transactions

Does your group have a growing number of entities, different currencies and intercompany transactions?

Then it is probably more difficult to achieve a fast close and to keep optimal control over the audit process. prevero ReCon enables you to replace the centralized process with a decentralised, collaborative process: The individual entities get more responsibility, and, as a result, performance is improved.

prevero Group: Products & Solutions for Corporate Performance Management

prevero Group: Products & Solutions for Corporate Performance Management

prevero provides business intelligence solutions for business planning, analysis, reporting and controlling. With its portfolio, prevero supports the sustainable improvement of decision and controlling processes in companies of all sizes and from all industry sectors.

The prevero 360 platform offers a comprehensive CPM (Corporate Performance Management) environment with a set of well-founded business applications for all areas of strategic and operative business management. Performance management with prevero 360° helps controllers and managers make an intelligent connection between strategic planning and operative business processes and gives them a 360 degree view on their company. As the modules do not require any programming, it is easy to create analyses, reports, charts and models for particular sectors or specialist fields.

Coming Soon: professional planner 8.2

Coming Soon: professional planner 8.2

Read our factsheet to learn more about prevero professional planner.

Get the latest news and updates on prevero professional planner at a glance:

What new content is covered by the application?
Which functions are now available?
What’s planned for the new release?

Dynamic connection of Microsoft Office products for reporting

Dynamic connection of Microsoft Office products for reporting

During reporting, all relevant information must be taken into account. prevero OfficeIntegration (consisting of three add-ins for Microsoft Excel, Word and PowerPoint) enables users to access prevero data directly from the Microsoft Office applications. Using the Excel add-in, data can even be written back to prevero.

Users can work with prevero data directly in the Microsoft Office products and make full use of the programs‘ benefits without having to store data redundantly. It only takes a few clicks to create reports and automatically fill them with current values, texts and charts. From then on, data can be updated at the push of a button.

prevero MobileClient: Managing your data on the go

prevero MobileClient: Managing your data on the go

The prevero MobileClient enables users to access current company data anywhere and anytime via tablets or smartphones. Users can carry out interactive analyses and model dashboards directly on their mobile device.

The prevero MobileClient, which is part of prevero‘s comprehensive 360° platform, is a convenient and user-friendly application offering intuitive handling and attractive visual representation of analyses and reports. prevero data can be accessed live via Wi-Fi or cellular network. Soon it will also be possible to edit data via mobile devices.

prevero MemoLytics: The in-memory database

prevero MemoLytics: The in-memory database

In addition to functions and a comprehensible user interface, performance is a vital aspect of business management and corporate performance management solutions.

Making use of the in-memory concept, prevero MemoLytics loads all relevant data of an application into the main memory. As a result, the data processing speed is increased by several orders of magnitude compared to a disk storage system.

prevero Grant Accounting and Management

prevero Grant Accounting and Management

Educational institutions and research-intensive companies must be able to account for the subsidies they receive accurately and reliably. prevero Grant Accounting and Management enables users to manage their grant projects and accounting in a largely automatic, computer-assisted way. In this way, the extensive examination of different settlement rules is reduced to a minimum.

prevero Grant Accounting and Management, which is a part of prevero‘s comprehensive 360° platform, provides users with an individual, flexible software solution for the comprehensive management of grant projects. The software is suitable for companies of all sizes and was developed in cooperation with experts from the field of education and research. In addition to having the software installed on-site, it can be obtained quickly and easily via internet as Software as a Service.

prevero Controlling for Education and Research Institutions

prevero Controlling for Education and Research Institutions

prevero Controlling for Education and Research Institutions enables you to represent all areas of your company in a modular, simple way with the help of an integrated business intelligence platform.

prevero Controlling for Education and Research Institutions is part of prevero‘s comprehensive 360° solution platform. It is suitable for companies of all sizes and was developed in cooperation with experts from the field of education and research. All modules can either be implemented in combination or separately and completely independent from each other. In addition to installing the software in your company, it can be obtained quickly and easily via internet as Software as a Service.

Web-based Solution for the Consolidation of Actual and Management Figures

Web-based Solution for the Consolidation of Actual and Management Figures

During consolidation, the connection of different ERP systems as well as other factors such as distance, different languages and varying accounting rules pose a potential risk for the speed and quality of financial statements.

prevero Consolidation enables you to provide accurate figures in a reasonable period of time and gives you more time for analyses and strategic measures. prevero Consolidation offers a fast and secure way to consolidate figures from various group subsidiaries. To increase quality and speed up the process, local data can be validated and uploaded automatically via an accounting/ERP interface.

Web-based Solution for the Consolidation of Actual and Management Figures

Web-based Solution for the Consolidation of Actual and Management Figures

During consolidation, the connection of different ERP systems as well as other factors such as distance, different languages and varying accounting rules pose a potential risk for the speed and quality of financial statements.

prevero Consolidation enables you to provide accurate figures in a reasonable period of time and gives you more time for analyses and strategic measures. prevero Consolidation offers a fast and secure way to consolidate figures from various group subsidiaries. To increase quality and speed up the process, local data can be validated and uploaded automatically via an accounting/ERP interface.

prevero 360: One Stop Shop Performance Management & Self-Service BI

prevero 360: One Stop Shop Performance Management & Self-Service BI

Companies often use solutions from different providers for P&L, financial and balance sheet planning, as well as reporting, ad hoc analyses and business management.

The prevero 360 platform offers a comprehensive CPM (Corporate Performance Management) environment with a set of well-founded business applications for all areas of strategic and operative business management.

BARC's THE BI Survey 16

BARC's THE BI Survey 16

Download the headline results for prevero from BARC’s THE BI Survey 16 now.

Choosing the right Business Intelligence solution is critical to the success of today’s data-driven businesses.

That’s why having access to the world’s largest survey of BI software users is so useful. The new BARC The BI Survey 16 is based on findings from some 2,611 global users who have collectively deployed over 30 different BI product solutions.

To find out more, download the headline results for prevero from BARC’s The BI Survey 16, and find out why more than 4,000 international organisations already use prevero to power their CPM and BI activities.

Tips & Tricks for a Financial Planning & Analysis Project

Mihir Patel and Ryan Loucks of Rinedata shared their Tips & Tricks for a Financial Planning & Analysis Project at our recent Finance Leaders Networking Breakfast in London. Download the presentation now to discover: Who should be involved in your Project Team and at what stage? How should you approach Requirement Gathering and identify Value Drivers? How to work through a business challenge to reach a successful outcome How to understand the impact of new processes on the business How to create a comprehensive and reliable Project Plan

Value Based Drivers for Forecasting

Tanbir Jasimuddin from Enterprise Analytics presented on Value based Drivers for Forecasting at our recent Finance Leaders Networking Breakfast in London. A specialist in aligning business strategy with financial performance, Tanbir has spent 5 years working for major consultancy organisations including the big 4. Download the presentation now to discover: Why is Value Driver based Forecasting important? How can Value Drivers be identified and defined? Where can you use Value Drivers? What common challenges do FP&A professionals face in Planning, Budgeting and Forecasting processes?

The Analytical Maturity Model & Results from our Global Survey

Hans Gobin, a Senior Finance Professional from FP&A Trends with experience from multinationals including BT, PepsiCo, Sainsburys & Tesco joined us at our Finance Leaders Networking Breakfast in London. He presented the Analytical Maturity Model and discussed the results of the recent Global Survey of FP&A Professionals with our audience. Download the presentation now to discover: How to define the Basic, Intermediate and Leading stages of Analytical Maturity How to identify where your organization sits in the Model and your next steps The challenges facing FP&A professionals worldwide How these challenges can be addressed and resolved

How can Data and Reporting be Standardised from SAP?

How can Data and Reporting be Standardised from SAP?

One of the major challenges in reporting is dealing with unstructured data from different source systems. Many companies cannot use their data efficiently, as it is stored in a source system such as SAP and can't be accessed on an ad-hoc basis.

To solve this challenge an interface such as prevero DirectTouch can be used to extract, transform and load data from SAP, providing users with simplified data access and guaranteed consistency.

Not only can you standardise your data via this method but with prevero Standard Reporting you can now standardise your visualizations and reports as well. Download our Factsheet to find out more.

Controllers as Business Partners

Controllers as Business Partners

Moving on from their role as 'Masters of Numbers', senior finance roles should strive to develop into Advisors and Business Partners, who pursue complex and linked management tasks together with the management team to promote a result-oriented management approach.

To be able to fulfill their role as operational advisors, controllers will need to reorganize their work schedules, the effort spent on collecting and processing data needs to be reduced, and more time spent on the evaluation, analysis and preparation of data gained from Business Intelligence systems.

BARC Score 2017

BARC Score 2017

BARC recognise prevero as Market Leader in Integrated Planning and Business Intelligence DACH. 

The market for Planning and Business Intelligence (BI) products in the DACH Region is highly competitive. Besides a few international generalists offering their Planning and BI portfolios worldwide, there are many local specialists challenging the big vendors.

This report analyzes the strengths and challenges of all the leading vendors as well as many smaller vendors that often have less visibility.

prevero recognised in 2016 Gartner Critical Capabilities for Strategic Corporate Performance Management Solutions report

prevero recognised in 2016 Gartner Critical Capabilities for Strategic Corporate Performance Management Solutions report

An effective Corporate Performance Management (CPM) strategy is critical for optimising the performance of your planning, budgeting and forecasting activities.

Gartner has recognised prevero in its new 2016 Critical Capabilities for Strategic Corporate Performance Management Solutions report. This follows on from Gartner’s recent positioning of prevero in the Visionaries quadrant of its Strategic Corporate Performance Management Solutions Magic Quadrant published earlier this year.