In manufacturing, spreadsheets have traditionally played a significant and valuable role for finance teams. In particular, they are useful for ad hoc analysis and reporting. However, in our experience, many FP&A teams spend 80% of their time populating and validating spreadsheet data, leaving 20% of the time for analysis and proactive decision making. In a dynamic manufacturing marketplace with tight margins and constant change, this becomes a major problem. The lack of focus on analysis results in an inability to actively manage the business[...]
Carlson Thought Leadership in Finance & Technology
Financial planning and analysis (FP&A) in the Life Sciences is exciting and fast-paced. Within a high growth organization, whether pharma, biotech or medical devices, it can be a particularly thrilling environment to broaden our finance skills. However, unless you have the proper systems and processes in place that scale with an upward business trajectory, you will quickly get bogged down in reactive mode, responding to requests and putting out fires.
This is the time of year I look forward to my beach vacation getaway. Walking along the shore, listening to the seagulls, and taking in the ocean breeze always bring about a sense of peace and tranquility. It’s a welcome and much-needed respite from the stresses of budgeting, planning and forecasting.
At the recent 2016 Adaptive Live user conference, I had the opportunity to present a session along with a panel of our customers about the benefits of making Adaptive Insights the central hub of decision-making. Many organizations fail to fully utilize the breadth of capability within Adaptive for making solid business decisions by limiting the scope of data from which they work. Part of the reason for this is the mindset among some finance professionals that they should be concerned only with financial data. Another reason is that importing data[...]
Adaptive Live 2016, a Journey to Insights, was held last week and by all accounts was a great success. Carlson, a Gold Sponsor, sent a large contingent to take in the workshops, meet with our clients, and network with Adaptive customers and staff. The team flew in on Tuesday and, after the Welcome Reception, enjoyed dinner at a great Italian restaurant with clients. The restaurant was particularly happy since we had 26 people in our party!