What You Need to Streamline Your Budget & Forecast Process
Edgar R. Fiedler was an American economist who served as Assistant Secretary to the Treasury between the years 1971-75. Edgar published a series of essays during the late 70’s and early 80’s once pithily stating “If you have to forecast, forecast often” something that seems especially relevant as we navigate the current economic climate of 2020. As businesses of all shapes and sizes come to terms with the impact of the COVID-19 pandemic, executives and finance professionals c
Empowering Dynamics 365 Business Central with Advanced Budgeting, Reporting and Consolidations
This article explores the popular Dynamics 365 Business Central cloud ERP system and how you can achieve advanced reporting and budgeting. After Microsoft’s highly anticipated release of Dynamics 365 Business Central (D365 BC) a few years ago companies evaluating the solution has, as expected, quickly zoomed in on reporting, budgeting and business intelligence (BI) capabilities. But, let’s zoom out for a moment…after 25 years in the software industry, I have yet to see an ERP
Will Personal KPIs Become A Part of Strategic Workforce Planning?
One of the most significant changes to businesses during COVID-19 has been the large-scale work-from-home policies that almost all companies implemented. While some businesses may have partially or fully practiced this for a few years already, it has never in the history of the world been at this level. As many business owners are eager to get their staff back in the office, they may find that a majority of their team members have enjoyed their newfound freedom of working fr
How to Create a Successful Demand Plan
At the core of every business strategy for products and services is to provide optimal management of the supply chain. A leak or inefficiency in the supply chain eats away at the organization’s bottom line. Supply chains are becoming more complex with more variations in products, distribution channels, and material planning. Accurate supply and demand planning are essential for optimal productivity and profitability. How does a business obtain an optimal supply chain? It come
