Every company struggles with a lot of data that needs to be processed and understood – a task that is almost impossible to accomplish without additional help. This is a big modern problem related to Big Data. The answer is Business Intelligence. An enterprise that implements BI often increases its return on investment by up […]
Budget benchmarking helps companies manage their finances by comparing their plans and results with their competitors. How can you introduce performance and budget benchmarking into your financial strategy? In what situations will such tools be particularly useful to you? What can you gain? Budget benchmarking – what is it? Budget benchmarking is the process of […]
Czytaj dalej… from Budget benchmarking – how to compare your results with the competition?
Budgeting is a fundamental financial management process in every company. But what to do to avoid falling into the trap of poorly thought-out strategies? How to reach further than most and effectively control expenses? Save and plan wisely – and with the right tools. In this article, we’ll look at the three main goals of […]
Czytaj dalej… from Budgeting goals – key aspects and strategies of financial management
The discussion on the sustainable development of enterprises has been going on in the European Parliament for several years. Initially, it operated in accordance with the NFRD directive. In 2023, the CSRD directive came into force, covering ESG reporting – from then on, most companies in the European Union must respect human rights, limit the […]
Are you at the business planning stage and are you creating a business plan that must also include detailed financial estimates? Is your business not doing well? Are you applying for a loan from lending institutions? Use financial analysis – a universal tool that allows you to estimate the profitability of investments and make key […]
Soon, on September 19, 2023, the most important event in the world of finance Splash Berlin 2023 will take place. This is a unique meeting organized by the leading company Onestream Software, attracts the attention of prominent CFOs and financial management experts across Europe. Incube CPM – OneStream Silver Business Partner We are extremely proud […]
In a dynamic business environment, the role of the CFO (Chief Financial Officer) has evolved significantly. Once associated mainly with financial management, today it is a key strategic partner of the CEO. The new reality requires CFO skills that go beyond traditional boundaries. In this article, we’ll explore the skills and tools behind the new […]
In the world of Business Intelligence and Business Analytics, there are certain technologies that have played a key role in shaping the way organizations make decisions and plan for the future. One of the tools used in planning and multidimensional analysis is IBM TM1 (IBM Planning Analytics). It is a powerful, multidimensional database, a powerful […]
In practice, it is very difficult for companies to function without a budget. The budget plays a key role in managing the company’s finances and allows you to plan, allocate and monitor financial resources. It is a tool that helps companies determine how much money they will be able to spend on various purposes and […]
Where does the problem of waste in the budget come from? Who should create the budget? These are the questions we will try to answer in the 6th part of the „Challenges of budgeting in a large company” series. We have several substantive possibilities who should be responsible for creating the budget in the company: […]
Czytaj dalej… from Creating a company budget – who should do it?