Teamwork and Community - XLerant

Should you involve your user community in solution development?

When I first moved to Ireland with Pepsi, I brought a lot of New York headquarters ways with me. Some good, some bad. But one of those ways was in how to develop solutions to vexing problems. The foundation of solution development was always the formation of a cross functional team to bring together multiple…    Read More

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Businessman on Tightrope - XLerant

Budgeting: A Career Maker… A Career Breaker?

The reason why managing the budget process is a high wire act should be obvious. 1) Every corner of the organization is involved or impacted by the process in some way. 2) The process impacts people where it hurts – their wallets. 3) The most senior ranks of the organization are engaged in the process,…    Read More

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Naked Budgeting - XLerant

Naked Budgeting

(The Streaker of ’74 behind Oscar presenter David Niven) For those of you who are squeamish, I apologize for the Streaker of ’74. He won’t show up again in this post, but I have to get your attention somehow. Now on to more serious matters… When it comes to budgeting, most organizations are not that…    Read More

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Ambiguous Problems - XLerant

Solving Ambiguous Problems – What Successful Companies Get That the Rest of Us Don’t

I’ve had the distinct pleasure of working with some of the best run companies over the years and I’ve come to appreciate what really separates them from “the merely good”. Some of what makes great companies so successful, like hiring great talent, is quite obvious. But in this blog I’d like to share one of…    Read More

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Rolling Wheels - XLerant

Rolling Forecast. Part 3 – Assessment of Rolling Forecast

In part one of this series we looked at the common problems that organizations have with the annual planning/ budgeting process. Recognizing of course that most companies do forecasting as well, we looked at the annual planning process as a proxy for the processes companies deploy year-round to develop financial projections. In part two of…    Read More

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Fair Process - XLerant

Is Your Budget Process Fair?

I realize that the question isn’t one you stop and think about during the heat of the budget battle. There are templates to be created, links that need to be validated, formulas to be edited. And that’s just preparation! All of that work represents just a fraction of the time spent developing, reviewing and reworking…    Read More

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Raymond Panko - XLerant

Who is Raymond Panko… and why should you care?

Raymond Panko, a professor at the University of Hawaii, is the leading expert on spreadsheet errors. Who makes them, why they happen, what rate they’re seen in the average spreadsheet, you name it. He wrote a paper on the subject called What We Know About Spreadsheet Errors first published in the Journal of End User…    Read More

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Village - XLerant

It Takes A Village To Build A Budget

There’s no doubt that Finance runs the budget process, and probably should. But we can get so focused on the mechanics of getting the budget done, that we can almost forget that it takes a village to build it. Let’s keep in mind that the purpose of budget process is to allocate resources, and a…    Read More

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