Chasing Numbers: Sound Financial Reporting And The Role Of Business Intelligence

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Do I always have to find answers using a BI approach?

Chasing Numbers: Sound Financial Reporting And The Role Of Business Intelligence

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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