You can now leverage the power of OpenAI models, like GPT-4, with your data. On Your Data incorporates the innovative capabilities of the RAG (Retrieval Augmented Generation) model, directly “on your data” with enterprise-grade security on Azure.| Finance Alliance
In this article, we'll explore key lessons in implementation processes and corporate strategy, and how you can use them to achieve real, tangible results in your FP&A function. You'll also discover real-world examples and success stories to inspire and guide your own journey to success.| Finance Alliance
OpenAI has just dropped a game-changer for ChatGPT users: Canvas. This new tool opens in a separate window, making it easier than ever to collaborate with ChatGPT on specific projects.| Finance Alliance
No matter how sophisticated our models get, forecast bias has a sneaky way of slipping into our financial plans. If you want to stop forecast bias from creeping in, here are 10 practical ways to put an end to it.| Finance Alliance
Trying to decide when to use sensitivity analysis vs scenario analysis? Both techniques are valuable for analyzing the potential effects of uncertainty in financial models. But when does sensitivity analysis make sense, and when is scenario analysis the better choice?| Finance Alliance
It's a question that should be at the forefront of every CFO's mind. Yet, some are still unsure about what economic analysis is and what it involves. This guide explains economic analysis: what it is, why it matters, and how to do it.| Finance Alliance
We’re all familiar with the traditional static budget – a fixed plan based on predetermined assumptions. But what if you need a budget that can adapt to your actual business activity levels? One that gives you a more realistic view of your financial performance?| Finance Alliance
While perfect predictions may not be possible, increased accuracy is within reach. The key is blending quantitative data with qualitative insights to get a complete picture. Aim for reasonable precision, not perfection.| Finance Alliance
How efficient is your budget variance analysis process? If there is room for improvement, it may be time to restrategize...| Finance Alliance
A budget and an annual operating plan (AOP) are both financial tools used by organizations to manage their performance. aIt is important to note that a budget and an operating plan are not the same thing, but they are closely related.| Finance Alliance
When it comes to guiding decision-making, allocating resources, and ensuring an organization's long-term financial stability. Budgeting and forecasting are two crucial FP&A activities. Forecasting and budgeting are connected but separate activities with differing goals, methods, and results.| Finance Alliance
Budgeting is an important business process that helps organizations allocate resources and track progress towards meeting their financial goals. However, the budgeting process can be hampered by several factors.| Finance Alliance
How a start-up successfully developed a model that could accurately predict headcount needs over time, providing a realistic picture of future costs and informing their next fundraising timeline.| Finance Alliance
One of the hardest questions to answer about FP&A is ‘what is the typical FP&A team structure?’ This question is so hard to answer because there is no one-size-fits-all...| Finance Alliance