Integrated Planning is now called xP&A or Extended Planning & Analysis.

Just when the term FP&A is starting to get some traction it’s changed again. Basically, it’s a fancy name for Budgeting, Planning, Forecasting and Reporting but here is a more ‘credentialed’ explanation. It’s official – financial planning alone isn’t enough if you want to succeed. That’s what leading analyst firm, and master of the acronym, […]

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5 best practice tips for Scenario Based Planning

The COVID-19 pandemic has forced many companies to revise carefully crafted strategies and budgets in preparation for the “next normal.” One key question and challenge for top executives and strategic planners alike is how to best plan for an unclear future, and the answer is scenario based planning.

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It’s all about Excel and CPM ..not Excel vs CPM

EXCEL is here to stay.. “Siloed spreadsheet-based planning, complete with system crashes, version-control and many other issues, can no longer support today’s scale or pace of business. Instead, flexible and agile planning can happen only when companies have a more connected view of data that springs from a common source and then flows across the […]

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Evaluating CPM/FP&A System: Key Areas for Consideration

I recently came across this article on one of my favorite web sites, FP&A Trends and I thought it was really good and well worth paraphrasing and localising and adding to our blog area. We have talked to many companies over the last 10 years we have existed and there are many software products that […]

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Upgrade your ERP with confidence using an EPM platform

When we are talking to prospective customers about the value of implementing an Enterprise Performance Management (EPM) solution we are very often hit with the same statement …. ‘we need to implement a new or upgrade our existing ERP system (or some other operational system) before we can consider it‘’. It happened again just the […]

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7 Steps to get Meaningful Insights from Data

November 2020 Australia is home of some of the most precious metals in the earth. Highly specialised processes and equipment are often required to extract, refine and use these precious resources. As technology evolves and becomes more sophisticated our ability to tap into these resources is improving all the time, allowing previously untapped deposits to […]

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Budgeting Labour Costs for Shift Based Employees

October 2020 A new way to budget for shift based employees In the last few months we at bi5 Solutions have received quite a bit of interest from businesses that have recently learnt the importance of being able to quickly and easily re-run their budgets and forecasts with updated assumptions and inputs.   The importance of […]

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Power BI : what you need to know before making an investment

October 2020 As more and more people become aware of Power BI, and more broadly the Power Stack, and start to consider investment in it, we thought it a good idea to look at some of the key things we ensure our clients consider before puling the trigger on their investment. Power Bi is an […]

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It’s time to consider a new approach to Planning and Reporting for next FY

  At bi5 Solutions we consider ourselves very lucky to be here in WA, where we have (so far) largely dodged a bullet from the COVID-19 crisis. However, after watching Four Corners on the ABC recently it’s clear that a lot of people are thinking that the worst has yet to come in terms of […]

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Add more Power to Power BI – budgeting and forecasting

If you haven’t heard about Power BI, then it’s probably worth a Google. Power BI is one of the, if not THE, leading Business Intelligence (BI) visualisation platforms around. However it’s not ‘new’. In fact it has been around for quite a while now, however it’s only been in the last few years that corporations […]

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