A good FP&A solution embraces the power of AI and should already have incorporated it into its technology. Over the past few years, the concept of Artificial Intelligence or ‘AI’, has finally been accepted into the mainstream and is dominating conversations around the world. With the rapid emergence of cognitive computing and machine learning, AI had been sitting in the
Effective planning and performance controls are imperative to the success of a dynamic company like NNIT. An offshoot of Novo Nordisk, NNIT started in Denmark in 1994 and now has more than 2,800 employees and a strong global reach – selling and sourcing from various locations in Asia, the United States, and Central Europe. As NNIT grew, so did the complexity of its
This is the second in a series of blogs discussing the requirements of a successful Corporate Performance Management implementation. The first blog in this series stressed the importance of Executive Involvement. This installment explains why the office of the CFO, not IT, should lead the implementation. The discussion emphasizes the Finance function, but it applies to CPM implementations focused on
In my role with OYB, I’ve met with 40+ organisations this year, all with varying degrees of investments in planning. Often they use Excel for their budgeting and reporting and have a handful of funded BI projects with no interactions with their office or finance team. In most cases, these same organisations have a CEO-driven strategy that clearly provides the vision that they want decisions to be made quicker, with data as their basis. They want self-service BI that adds value to the business and allows all business units to contribute time and resource to analysis. A centralised team doing analysis for the entire company can fall into a ‘Jack of all trades, master of none’ scenario, diminishing the value of the analytics provided. [...]
Dynamic planning and reporting for a high-flying company AviationPower provides a wide range of aeronautic services. The company based in Hamburg, Germany, was founded in 2004 as a joint venture of Lufthansa Technical Training and Manpower Germany. Today, the service provider with international cooperation partners employs 1,800 specialists from all areas of the aviation industry from its sites in Berlin,
McDonald’s in Switzerland has simplified its enterprise planning with a custom solution based on Jedox. The solution, which was developed by the Swiss BI consultancy Linalis, helps steer performance across all sales points nationwide.
Renowned construction engineering and planning group Gruner has enhanced the possibilities of its Qlik reporting with a planning solution based on Jedox. The seamless connection between Jedox and Qlik offers Gruner the ideal solution for a consistent reporting infrastructure, complete with self-service reporting, instant analysis, data visualization, and agile, de-centralized planning processes. Planning with Jedox is so fast, efficient, and reliable that the company has switched from quarterly to monthly planning [...]