Andrew White

JANUARY 11, 2021

As with any good consulting response, “it depends.” With a success behind you, sell that experience as the kind of benefit you can help improve. Do you recommend a consulting approach strategy rather than a CDO strategy? See recorded webinars: Emerging Practices for a Data-driven Strategy. Link Data to Business Outcomes.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

Jet Global

MARCH 23, 2024

Your KPIs should be a mix of: Leading and lagging metrics : Ensure that you have both predictive (leading) and corrective (lagging) measures to forecast and report performance, respectively. Personnel and admin cost ratio : This government KPI is the ratio of personnel and admin cost to the operating cost of the public entity.

Reporting 52

Reporting KPI Metrics Measurement 52

Jet Global

JUNE 30, 2021

This article will outline the key financial, operation, and staffing performance indicators that a CEO should be tracking in 2021, as well as the benefits of tracking these using a dashboard to streamline the reporting process. Gross Profit Margin = (Total Revenue – Cost of Goods Sold) / Total Revenue. Create a company culture.

Metrics 106

Metrics KPI Dashboards Advertising 106

Jet Global

JUNE 25, 2021

Your KPIs should be a mix of: Leading and lagging metrics : Ensure that you have both predictive (leading) and corrective (lagging) measures to forecast and report performance, respectively. Budgeting ratio : This government KPI is the ratio of the public sector operating cost to its revenue. Download Now.

Reporting 104

Reporting KPI Metrics Measurement 104

Jet Global

NOVEMBER 8, 2021

One of the biggest challenges you’ll face when you migrate your data to a new enterprise resource planning (ERP) system is making sure it matches your old system. Successfully migrating your data from one ERP to the next is an essential, but often dreaded, step you must overcome to reap the benefits of a more modern ERP.

Recreation/Entertainment 98

Recreation/Entertainment Reporting Finance Cost-Benefit 98

Jet Global

JUNE 23, 2023

Your KPIs should be a mix of: Leading and lagging metrics : Ensure that you have both predictive (leading) and corrective (lagging) measures to forecast and report performance, respectively. Personnel and admin cost ratio : This government KPI is the ratio of personnel and admin cost to the operating cost of the public entity.

Reporting 52

Reporting KPI Metrics Measurement 52

Jet Global

MAY 1, 2023

Now, Delta managers can get a full understanding of their data for compliance purposes. Additionally, with write-back capabilities, they can clear discrepancies and input data. These benefits provide a 360-degree feedback loop. Healthcare is forecasted for significant growth in the near future.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52

Jet Global

AUGUST 24, 2023

This optimization leads to improved efficiency, reduced operational costs, and better resource utilization. Mitigated Risk and Data Control: Finance teams can retain sensitive financial data on-premises while leveraging the cloud for less sensitive functions.

Finance 52

Finance Reporting Data Integration Risk 52

Jet Global

FEBRUARY 8, 2023

This long-term relationship is known as broker “lock-in” and has the potential to cost you dearly in the long-run. Being saddled with high financial penalty from the platform owner or get bogged down in time consuming data exports to a new system, including the costly implementation of new software. Not cost burdens down the road.

Management 52

Management Cost-Benefit Reporting Software 52

Jet Global

APRIL 26, 2022

That brings us back to the problem addressed in the first challenge: When it is a manual process to export, import, copy, or paste information, it costs time and effort, and it potentially introduces errors. Customizing Comes with High Costs. This skills shortage can leave you reliant on partner consultants.

Reporting 52

Reporting Finance Cost-Benefit Forecasting 52

Jet Global

AUGUST 25, 2021

They aren’t yet well-known in the marketplace, and their product requires a highly consultative sales process. It helps company leaders to aggressively streamline inflated budgets and to bring costs under control while minimizing any negative impact on operations.

Recreation/Entertainment 98

Recreation/Entertainment Business Driver Sales Software 98

Jet Global

AUGUST 31, 2021

Although ZBB represents a significant change in the way finance teams create budgets, it has some distinct benefits, especially for organizations seeking greater agility and cost efficiencies. ZBB, therefore, enables companies to cut costs more aggressively because it is a very intentional process. ZBB Encourages Innovation.

Cost-Benefit 52

Cost-Benefit Recreation/Entertainment Finance Measurement 52

Jet Global

AUGUST 5, 2022

While it generates canned reports, custom reports still require the help of IT departments and outside consultants. How can you simplify report building while leveraging all the benefits of Oracle NetSuite? Benefits of Oracle NetSuite. Advantages of working in the cloud are: Reduced IT costs over time. Drill down on data.

Reporting 52

Reporting Finance Operational Reporting Consulting 52

Jet Global

DECEMBER 30, 2021

Many people use terms like “planning,” “forecasting,” “budgeting,” and “financial projection” somewhat interchangeably. When it comes to a plan vs forecast in particular, the line can be blurry. Let’s look at four key features that distinguish financial planning from forecasting: 1. Access Resource Now.

Forecasting 98

Forecasting Recreation/Entertainment Sales Finance 98

Jet Global

MAY 4, 2022

That brings tremendous benefits for small and midsize businesses, but it also leads to increased challenges arising from the inherent complexity of the underlying data. Dependency on Expensive Consultants or the IT Department. Outside consulting firms can often be more responsive, but with that comes a very high cost.

Reporting 52

Reporting Finance Software Consulting 52

Jet Global

NOVEMBER 8, 2021

This article explores some basic definitions of DBB with examples and then zeros in on some of the key benefits of DBB. That, in turn, impacts personnel requirements; not only for ski area operations, but also for lodging, restaurants, and other ancillary businesses that benefit from the good weather conditions. Benefit #1.

Business Driver 52

Business Driver Recreation/Entertainment Sales Cost-Benefit 52

Jet Global

JUNE 15, 2021

Allocate the associated expense over the useful economic life of the associated benefit. If a grant vests over three years, for example, then you would allocate one-third of the total cost in each year. As your company grows, the compliance requirements grow more complex, and so does the cost of getting it wrong.

Reporting 52

Reporting Recreation/Entertainment Finance Cost-Benefit 52

Jet Global

JANUARY 31, 2022

In most companies, planning, budgeting, and forecasting processes are fairly well-established, but just because you’ve always done things a certain way doesn’t mean you can’t improve them. They, in turn, rely on key players within their departments for input on costs, commitments, timelines, and expected outcomes.

Forecasting 52

Forecasting Recreation/Entertainment Finance Software 52

Jet Global

JUNE 13, 2022

But the benefits of enhanced functionality, the power of the cloud, and increased ROI are reason enough for organizations across the world to convert every day. When migrating to the cloud, there are a variety of different approaches you can take to maintain your data strategy. Different Approaches to Migration.

Reporting 52

Reporting Data Lake Sales Operational Reporting 52

Jet Global

JULY 6, 2022

Imagine what you can accomplish by leveraging data discovery in these key areas: Financial Planning & Analysis: Real-time data at your fingertips means action can be taken to adjust plans in response to the ever-changing marketplace events. Feel empowered as neither IT department or consultants are required. Download Now.

Finance 52

Finance Reporting Software Sales 52

Jet Global

DECEMBER 22, 2021

Analysts need to understand both the hard costs and soft costs associated with hiring and training new employees. Human resources has some special requirements with respect to the privacy and security of confidential employee data. Determine Your Need for Elasticity.

Recreation/Entertainment 52

Recreation/Entertainment Finance Software Reporting 52

Jet Global

AUGUST 23, 2021

You must calculate 409A valuation correctly and with absolute confidence because the cost of getting it wrong can be significant. This brings with it an important additional benefit, namely that under most circumstances, it provides a “safe harbor” presumption with the IRS that the valuation is reasonable and may be relied upon.

Reporting 52

Reporting Recreation/Entertainment Marketing Software 52

Jet Global

MARCH 2, 2022

The organization provides probably the most widely used standards for sustainability reporting that advance the practice of sustainability reporting and makes it possible for companies and organizations to make better decisions that create more economic, environmental, and social benefits.

Reporting 59

Reporting Recreation/Entertainment Risk Insurance 59

Jet Global

APRIL 5, 2021

Executives typically use financial models to make decisions regarding: Budgeting and forecasting. That means the FP&As are the people creating the budget and performing financial forecasting to help the CFO and other members of senior management understand the company’s financial situation. Forecasting Models.

Modeling 98

Modeling Forecasting Metrics Finance 98

Jet Global

NOVEMBER 2, 2021

Staff Cost as a Percent of Total Cost: It takes a lot of staff to run a university. Staff Cost Ratio = Total Cost of Staff / Total Annual Budget. Staff Cost Ratio = Total Cost of Staff / Total Annual Budget. Admin Costs per Student = Cost to Fund Entire Cohort / Aggregate Number of Full-Time Students.

Metrics 52

Metrics Reporting KPI Key Performance Indicator 52

Jet Global

DECEMBER 22, 2021

The latter is responsible for forecasting sales, then maximizing revenue and margins; the former must see to it that the supply chain operates as efficiently as possible. Instead of developing forecasts that focus solely on demand, the company might look at the bigger picture. Access Resource.

Sales 97

Sales Forecasting Recreation/Entertainment Finance 97

Jet Global

JULY 15, 2021

There’s an old saying in the business world that “All forecasts are wrong.” Before exploring the best alternative to Excel scenario modeling, let’s explore some of the key benefits of scenario modeling, in general. Consider sales forecasts, for example. Smaller customers benefit less, and therefore pay less.

Modeling 98

Modeling Recreation/Entertainment Sales Cost-Benefit 98

Jet Global

OCTOBER 4, 2021

To calculate this KPI, start with the cost of goods sold for a specified period (e.g. They cost your organization valuable time and money, and they are usually correlated with a negative customer experience. This has the benefit of being relatively simple; either you delivered the order on time, or you did not.

Management 96

Management KPI Metrics Recreation/Entertainment 96

Jet Global

OCTOBER 7, 2021

However, if DPO is too high it can indicate that the company may have problems paying its bills.DPO = (Accounts Payable / Cost of Goods Sold) x # of Days. Cost per Invoice – This is an accounting manager KPI that indicates the total average cost of processing a single invoice from receipt to payment.

Metrics 110

Metrics Reporting KPI Key Performance Indicator 110

Jet Global

AUGUST 27, 2021

As long as you’re careful about who has access to the database admin password, and you apply the appropriate security measures and make regular backups, you can rest assured that your data is safe and secure. That has the benefits of being both fast and very straightforward. That, in turn, creates long-term costs for your business.

Reporting 98

Reporting Recreation/Entertainment Data Warehouse Dashboards 98

Jet Global

OCTOBER 1, 2021

In other cases, companies must turn to expensive outside consultants who charge hundreds of dollars per hour for the work. It causes delays and costs money. That allows finance and accounting (F&A) professionals to perform ad hoc analysis, inserting formulas and benefiting from familiar spreadsheet features and functionalities.

Reporting 52

Reporting IT Recreation/Entertainment Finance 52

Jet Global

APRIL 20, 2022

Despite the obvious benefits of modern automated workflows, a survey conducted by McKinsey Global Institute found construction is the second slowest adopter of digitization. Enterprise resource planning (ERP) technology like Viewpoint makes your data easily accessible, but can fall short when it comes to generating custom and ad hoc reports.

Reporting 52

Reporting Finance Cost-Benefit Software 52

Jet Global

SEPTEMBER 1, 2023

On top of managing the staggering cost of inflation, turbulence in the global market, and The Great Resignation, organizations are grappling with skills shortages. When searching for a platform, look for one that automatically refreshes your reports with the latest ​Trimble ​Viewpoint data at the push of a button.

Finance 52

Finance Reporting Cost-Benefit Operational Reporting 52

Jet Global

SEPTEMBER 24, 2021

Other key selling points of equity management software are that it saves time, eliminates human error, and reduces the cost of expensive personal reports. This will then produce benefits in terms of efficiency and optimization. Equity Management: Life Beyond the Spreadsheet. Watch Webinar.

Management 52

Management Software Recreation/Entertainment Reporting 52

Jet Global

NOVEMBER 7, 2023

Here, we discuss challenges, benefits, and how to make the most of a hybrid setup. nVision skills are in short supply, so companies often become dependent on a handful of IT and/or external consultants to make small changes. But what if you can have your cake and eat it too?

Reporting 52

Reporting Finance Operational Reporting Management 52

Jet Global

JUNE 21, 2021

The cost of World War I and post-war reconstruction helped create modern corporate taxation. The government ran an open consultation with tax payers from 12 November 2020 to 5 March 2021, and says that the 10-year MTD initiative will help businesses as well as reduce the ”tax gap.” Again, it’s not a change that can be adopted soon.

Recreation/Entertainment 98

Recreation/Entertainment Digital Transformation Finance Reporting 98