To what extent are you attached to your costing method?
During a recent costing consultation for a company, I came to a number of realizations. Among them, the astounding number of Excel files involved, the need to review...
Driver-based budgeting and planning (DBBP)
Are you constantly revising your budget forecasting? Are you having issues decoding your crystal ball? Did you think about adopting an approach where simple performance indicators could do...
Does your dashboard provide an accurate picture of the situation?
How many times have you been told that your costs are accurate and precise? Several years ago, I was asked to give conferences on BI. Because of my...
Costing systems: from outdated to functional and reliable
Is your costing system outdated? Does it adhere to best practices? What signs are there to indicate that your costing system is generating results that are approximate at...
Managing the budgeting process in accordance with industry best practices
If you are frustrated with your organization’s budgeting process then rest assured, you are not alone! For the past 20 years, studies and surveys have systematically revealed a...
Cost, profitability analysis and budgeting process. What do they have in common?
Whether your organization is in the service, manufacturing or distribution sector, making a profit is never quite as easy as you might have hoped. Many companies ask themselves...
Activity-based Management (ABM) Best Practices
Recognizing the potential of activity-based management, many organizations began implementing ABM projects in the 90s. In fact, a 1992 survey by the Institute of Management Accountants found only...
Performance Management Maturity Framework
Performance management is mentioned and discussed in almost all facets of business. The demand for improved performance, along with increased accountability, has led to an increase in hype...