Business

IFRS 16 in South Africa: 10 Questions you should be asking

November 6, 2019Posted in Business, IBM Products, Uncategorized, VideoWritten by Alison KrummComments Off on IFRS 16 in South Africa: 10 Questions you should be asking
IFRS.org gives a concise summary of the reasoning behind the move to the new IFRS 16 standard: "The objective of IFRS 16 is to report information that (a) faithfully represents lease transactions and (b) provides a basis for users of financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. [...]

Driver-Based Planning for Financial Teams: The What, Why, and How.

June 8, 2018Posted in Articles, Business, IBM ProductsWritten by Alison KrummComments Off on Driver-Based Planning for Financial Teams: The What, Why, and How.

Host Analytics defines driver-based planning perfectly: The goal of driver-based planning is to focus business plans on the factors that are most critical to driving success, then creating mathematical models that enable managers to run scenarios based on these drivers to understand the impact on projected business results. In short, driver-based planning allows you to plan with […]

XBRL: International Best Practice, Global Reporting, and your Business.

March 9, 2018Posted in Articles, Business, NewsWritten by Alison KrummComments Off on XBRL: International Best Practice, Global Reporting, and your Business.
We’ve discussed how XBRL was developed by a global consortium with an aim to standardise financial reporting and simplify sharing, analysis, and forecasting of global business by freeing up the access to business data. If you’re a global business or are looking at expanding across borders, the international best practices and global reporting formats offered [...]

The Implementation Process That Gives You In-House XBRL-Printing Capability.

March 9, 2018Posted in Articles, Business, NewsWritten by Alison KrummComments Off on The Implementation Process That Gives You In-House XBRL-Printing Capability.
XBRL is coming soon, and the standardised reporting format will likely become a requirement across multiple reporting and regulatory bodies. This means you’ll need to implement a solution that benefits your business in the long term. How are You Implementing XBRL Reporting in Your Business? There are three ways you could be doing XBRL reporting [...]

XBRL: The Barcode of Financial Reporting.

March 9, 2018Posted in Articles, Business, Infographics, NewsWritten by Alison KrummComments Off on XBRL: The Barcode of Financial Reporting.

South African businesses know that the reporting formats for the CIPC are changing, and with this change, other regulatory bodies will be following suit. We’ve discussed the reasons that the CIPC has made the move, and the CDM / XBRL implementation that gives you in-house, automated control of your reports.   Now, we outline the […]

XBRL, the CIPC, and Business Reporting in SA: What’s Happening?

March 8, 2018Posted in Articles, Business, News, XBRLWritten by Alison KrummComments Off on XBRL, the CIPC, and Business Reporting in SA: What’s Happening?
XBRL, the CIPC, and your BusinessMaking the reporting standardisation work for you On 1 Feb 2018, Accountancy SA published an article on the impending XBRL move that clearly outlined the reasoning and benefits of a standardised XBRL reporting format. Read it here: ANALYSIS: Digital Financial Reporting For XBRL In short, digital financial reporting is changing [...]

An Introduction to Business Intelligence: The Ins and Outs of Performance

September 4, 2017Posted in Articles, BusinessWritten by Alison KrummComments Off on An Introduction to Business Intelligence: The Ins and Outs of Performance

Business Intelligence tools are becoming more and more critical to business in South Africa, and the growth of the market has opened the door to a multitude of small-scale solutions, as well as the growth of the enterprise solutions that lead the way.   It’s difficult to know exactly where and how you need to […]

Straightforward BI: Key Points to Note When You Take the Wheel

August 15, 2017Posted in Articles, Business, UncategorizedWritten by Alison KrummLeave a comment

Business Intelligence (BI) tools are becoming more and more critical to business in South Africa, especially when focusing on the alignment and optimisation of your business, strategy, and operational processes to support your objectives.     It is important to find a BI partner who can give you a turnkey solution for your financial and […]

Financial and Operational Performance Management: Myths, Legends, Facts

April 26, 2017Posted in Articles, BusinessWritten by Alison KrummComments Off on Financial and Operational Performance Management: Myths, Legends, Facts

With a solid understanding of how FPA (Financial Planning and Analytics) works from our ‘Real-Life FPM’ series, we’d like to get into the nitty-gritty of FPA, or Financial and Operational Performance Management. We’d like to look at the things that drive your business to implement an FPA solution and all the peripheral threats or promises that […]

Introduction to Real-Life FOPM: Changing your Organisational Outlook

February 27, 2017Posted in Articles, BusinessWritten by Alison KrummComments Off on Introduction to Real-Life FOPM: Changing your Organisational Outlook

We’ve discussed the implications, processes, and benefits of implementing a Financial and Operational Performance Management (FOPM) solution in your organisation. Once you’ve followed the implementation steps and kicked off the process, it’s important to remember that the organisation will gradually (or suddenly, in some cases) change. Automation of the planning, budgeting, forecasting, analysis and reporting […]