There’s a term in network technology called ‘latency’ which refers to the delay between the execution of a command and the instruction given by the user. You’ll hear it most often in the world of high-speed training where a slight increase in latency (to the effect of a couple of milliseconds) can have a drastic negative impact on speed and thus performance.
As most of us realise, there is useful data and not-so-useful data. And merely having it at your disposal doesn’t necessarily mean that you’re able to discern between these two camps. It’s often only in the processing phase where we dig into the data and look for insights that we discover whether the data we’ve collected can actually drive us forward, rather than remaining a red herring.
Critics of financial modelling will always tell you that there are simply too many moving parts and interdependencies within a company to arrive at an accurate prediction of the future. They’ll point to how easy it is to adjust an input assumption and completely change the entire scope of what the model outputs. And to a certain extent – they’re right.
Much has been written about how changing tides, rapid disruption, and global trends impact the customer-facing side of business today. You can open any business publication of your choice and hear stories of how technology has completely changed how they think about their offering and their messaging to the market.
Here at Apliqo, the FP&A process is at the heart of what we do and so in this post, we thought we’d share our 10 commandments for what strong FP&A execution looks like. While somewhat tongue-in-cheek, there’s a lot to be gained from getting these things right. Now, without any further ado, onto the ten commandments.
We’ve come a long way in terms of sustainability and whether it’s social pressure, regulatory intervention, or a combination of both – companies worldwide are starting to grapple with their impact on our environment. Specifically, there’s a push to reduce carbon emissions and lower carbon footprints to arrive at more sustainable business practices.
Liz Truss has had a remarkably tumultuous start to her tenure as prime minister. Just a few days into taking office, the country lost its longest reigning monarch Queen Elizabeth II which certainly rocked morale as the entire United Kingdom grieved.
Russia’s recent decision to block access to its highly important gas line has caused tremendous distress across Europe due to the radical impact it has on the continent’s ability to produce power for its people. As winter approaches, this is likely to cause widespread energy shortages that will take their toll on citizens across multiple countries in a crisis that might be one of the most severe seen in recent memory.
As we enter a period of recession and higher-than-normal inflation, everyone is scrambling to identify how it might affect their businesses and what they can do the manage the impact. This is a challenging exercise because we don’t really know how persistent this inflation will be and what ancillary effects might come as part and parcel of the macroeconomic shock. As such, companies should be preparing for all scenarios and that’s where a sophisticated FP&A tool like Apliqo FPM can be so useful.
In the world of financial planning and analysis, we’ve long been hamstrung by financial products and tools that, while powerful, can be somewhat clunky to use. Traditionally they’ve taken lots of time and training to move through the learning curve and the sheer complexity has meant that the user experience has been deprioritised and the functionality has been front and center.