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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Scenario Planning and What-if Analysis – more important than ever

The current and on-going COVID-19 crisis has created extraordinary uncertainty, amplifying but also complicating the finance teams’ support role in the Decision Making Process of all businesses. Finance teams are being asked to analyse pressing issues related to cost management, cash management, and revenue and resource planning and many others critical issues, but many don’t […]

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Cause and Effect in Business Analysis

August 2020 No business runs smoothly without any problems and issues, either minor or major. If this is not the case for you then count your blessings, or wake up from your dream. Problems have, and always will be, a part of every business. In reality, businesses exist to solve other businesses or people’s problems […]

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How to get the most from your Digital Transformation journey

July 2020 Digital Transformation is a hot topic and certainly getting a lot of attention, but many people are confused as to what it really means or only consider singles aspects of it. To us at bi5, Digital Transformation is the use of new, fast and frequently changing digital technology to solve problems.  It is […]

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Better Planning and Reporting – where and how to start

July 2020 Every Picture tells a story …. or does it? I recently had a meeting with the founder of a very successful financial services organisation and we talked about my pet topic, planning and reporting. He told me a quick story about some of his eager employee’s who had created some ‘very impressive’ dashboards […]

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How you can benefit from Data mining and Data warehousing

June 2020. One of the hardest issues we face at bi5 is explaining what we do. Not because we don’t know what we do, but because it can be difficult to keep it short and explain it in a way that most people would understand. At different times, and depending on the person we’re speaking […]

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Future proof your business

June 2020 I am a great one for old sayings and idiomatic expressions and my offering in these current times is ‘don’t throw the baby out with the bathwater’. Sure we are experiencing difficult times, I don’t like using the word unprecedented because whist that maybe relevant to our current personal lives, in business it […]

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The Future of Planning, Budgeting and Forecasting

May 2020 Ask most CFO’s and finance directors to describe an ideal planning, budgeting and forecasting process, and they’ll likely portray it as part of an overall integrated performance management framework, ultimately driven by value-based measures. At the same time, however, they’ll admit that achieving this vision involves a significant transformation to their current forecasting […]

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More effective Business Intelligence with a Budgeting system

Business Intelligence (BI) is in essence Performance Analysis. With the increased popularity and awareness of Business Intelligence many businesses are looking to implement BI systems to help assess business performance. More recently BI has come to be associated with ‘self-service’ visualisation type tools, where the end user generates their own graphical representations of their own […]

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BI and CPM … is your business choosing the right one?

May 2020   Most of you would have heard the terms BI (Business Intelligence) and CPM (Corporate Performance Management) but in our discussions with organisations it is clear there is a lot of confusion among CFO’s about the difference between BI and CPM tools.

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