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November 30, 2007, Newsletter Issue #29: Chasing Numbers: Sound Financial Reporting And The Role Of Business Intelligence
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Tip of the Week
Cognos.com Tip: Establish a higher priority for better planning tools and forecasting software. Such a planning process should focus on key economic and business drivers, the KPIs (key performance indicators) of performance planning. Try to make these improvements: ·Consistency across corporate planning and forecasting ·Plan from the top-down ·Streamline the process cycle time ·Forecast the future with both historical data and predicted key economic drivers Furthermore, the ultimate goal from pursuing this approach is suggested to be a transition to rolling forecasts and a subsequent organizational planning revolution.
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