Mar 11, 2014

Sticking with Spreadsheets for Budgeting

Our latest survey with ACCA revealed that an estimated 90% of businesses are still using spreadsheets for budgeting and forecasting, despite the inherent risks associated with this tremendously flexible tool. At the same time, more than half the respondents also said that they were happy with the current process even though it is Excel or electronic spreadsheet based. This dependence on an ordinary Microsoft Office tool is more a testament to the power of Excel than a commentary on the critical nature of budgeting and forecasting processes. After-all budgeting and forecasting is the cornerstone of planning activities and is something… Read more

Aug 1, 2011

The effect of taking shortcuts on projects

As a consultant I wore two hats. The first was as the freelance resource always looking for long-term project roles and contract extensions. The second was as the face of the customer looking for ways to cut down implementation time and costs while ensuring project completion and success. Any consultant, whether a freelance individual or an outsourced consulting house, is looking to maximize their revenue from project engagements. It’s the nature of their business. Hours are billable hours and the more billable hours you have the bigger the cut you receive. The second hat requires having the customer’s interests in… Read more