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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Planning and BI is the way forward for CFO’s in challenging times

April 2020. Along with the severe health and humanitarian crisis we are experiencing at the moment CFO’s and other corporate executives face enormous business challenges; supply chain interruptions, massive uncertainty, regulatory modifications, decreasing customer demand, and difficulty incorporating these into planning processes.

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CFO’s can only control the things they can control

April 2020. It’s been about a month now since many of us have been working from home. As the Covid-19 pandemic spreads and we all do our bit to ‘flatten the curve’ we are getting used to a different way or living, working, and running businesses.  It’s never smooth sailing for CFO’s, but these different […]

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CFO’s in a changing world – how the good ones get ahead

March 2020. We have always had to deal with uncertainty in life and in work, but the uncertainty we are facing now is of the kind none of us could ever have imagined (other than perhaps the Simpsons). We’ve been lucky here in Australia as we’ve escaped unscathed from previous recent pandemics, but we didn’t […]

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Become a Data Driven Business with Data Automation Tools

March 2020 Many companies today are striving to become data-driven, but what does that mean exactly? It is more than just visualisations and interactive dashboards with nice charts and graphs. It is about putting in place the right data automation process to align with your business strategy, systems and culture. It’s about creating a mindset […]

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The second holy trinity of modern Analysis and Planning tools… Flexibility, Workflow and Security

February 2020 bi5 have been working with organisations for over 10 years implementing modern Planning, Budgeting, Forecasting and Reporting systems and all agree it is the best investment they have made. For as long as most finance professionals can remember, Excel has been the gold standard. But in this day and age, is it still […]

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