Choosing Data Management IT Tools: An Approach
The previous article discussed the key trends and challenges of choosing appropriate IT tools for various data management purposes. In this article, I will demonstrate the following: A high-level approach to selecting a Data [...]
How to “Sell” Your FP&A Value Proposition Successfully
Why does a company need FP&A, and what value does it bring to the business? I will discuss some insights which I have gained from looking at it from the perspective of the business canvas model, primarily used in Business Architecture...
Choosing a Data Management Model: DAMA-DMBOK 2 vs DCAM®
If you are going to implement the data management function, your first step is to look at existing industry reference guides. Your first choice will definitely be the DAMA-DMBOK Guide by...
FP&A from Einstein’s Perspective
...or thoughts on the optimization of the FP&A value proposition. Imagine you have 3 minutes to explain to a six year old what FP&A is and what place it takes in a business ecosystem. Tough, isn’t it? Once I came up with an analogy of...
Let’s Build an FP&A Team!
The role of FP&A in business has changed drastically during the past few years. ‘Strategic advisor’, ‘change agent’, ‘business partner’ : these terms are very characteristic for the new trends that are arising in the world of FP&A. The subject of building an effective...
What Keeps CFOs Awake at Night? Data Management in Finance.
Nowadays a lot of concerns in business environment are focused around data. There are several drivers for that, such as regulations (e.g. GDPR), the growing amount of data, new technologies in data processing and analysis etc.
‘Brevity Is the Soul of Wit’: DAMA-DMBOK in a Nutshell
During a meeting a few days ago, I have received a challenging request: explain in 15 minutes how you can implement data management using the well-known Data Management Body of Knowledge (DAMA-DMBOK2)...
5 GDPR Tips for Small Business Owners
‘If your company is ready for GDPR (General Data Protection Regulation), please raise your hand’: the chairman asked the participants of the GDPR congress organized by Heliview. Guess how many people raised their hands? Right, no one...
Data-Driven FP&A: the Tip of the Iceberg
Part 3 of the 'FP&A and the three-headed serpent' series. The data you deal with, is the tip of the iceberg. The major part of data processing is the part that is hidden beneath the water. And this is also the place of origin of all the data quality issues. You do not have...
Why Should FP&A Be Data-Driven?
Part 2 of the 'FP&A and the three-headed serpent' series. There are three main challenges that FP&A currently dealing with. Data is the first component and is the blood of the whole process. Nowadays, everyone is talking about...
FP&A Evolution and the Three-Headed Serpent: The Power Dilemma
Part 1 of the 'FP&A and the three-headed serpent' series. How far can you go with improving your FP&A practices? Recently, I have encountered a paper by Prophix where the authors are...
New Vision on Data Lineage/ Flow in DAMA-DMBOK2
Data Lineage in DAMA-DMBOK2...and how it relates to BCBS 239 and GDPR requirements. What unites [...]
“Let’s Speak the Same Language…” and Develop a Business Glossary
"Speak the same business language" is one of the success factors in business communication. A [...]
FP&A: Advanced Analytics & Software Solutions
Finance analytics software is the topic of this article. Once in a while, I spot [...]
Making sense of Data-related roles
What are Data-related roles? If you search on Google, you will most probably get a [...]
FP&A: What data do I own?
A couple of weeks ago I joined the meeting of the Amsterdam FP&A Board where [...]
BCBS 239: Data Lineage or Information Value Chain?
If I had an hour to solve a problem and my life depended on the [...]
FP&A: Maturity model and Data management.
As promised in one of my previous articles, let us go deeper into the relationship [...]
Lessons learned: Data management & the 3 Lines of Defense concept (3 LoD)
Data management & 3 lines of defense. Several months ago, I got a task to [...]
FP&A: everything twists around data. Finance data management.
Finance data management... ...or Why all FP&A Roads go to Data management. Even if for [...]
How mature is Data Management in your company?
The question looks simple. To promote an idea of data management (DM) development, the following [...]
Am I a successful Data Manager?
We, data management professionals, are lucky. There are plenty of well-developed international standards in place, [...]