TOP TRENDS IN FINANCE EVENT 2017
for the number of connected devices on the market range from 20.8 billion by 2020 ( Gartner ) to 28 billion by 2021 ( Ericsson ).
The central challenge facing CFOs today is measuring and monitoring business performance in a timely fashion to ensure their organization can respond to events in an agile fashion and exploit every opportunity possible without too great an exposure to risk . The IoT will make it significantly easier for CFOs to do this , with data flowing into billing , enterprise resource planning , and accounting systems in real time . This will change the way that forecasting and audits are carried out , providing real-time visibility around transactions and making risks easier to pinpoint - ultimately , leading to better decision-making .
Zero-Based Budgeting The last few years have seen a dramatic resurgence in the popularity of zero-based budgeting ( ZBB ), a budgeting method first popularized in the 1970s under President Jimmy Carter in which budgets are prepared from scratch with a zero-base rather than based on historic data . The number of publicly-traded US companies mentioning the term in their earnings calls increasing from 14 to 90 between 2013 and 2015 , and some of the world ’ s largest organizations have now implemented ZBB - including Unilever , KraftHeinz , Coca-Cola and Mondelez , all of whom have reported significant cost reductions as a result .
ZBB is particularly well suited to an uncertain world , and is likely to continue to grow in popularity so long as uncertainty in the business climate continues . According to global management consulting firm McKinsey & Company , a wellimplemented zero-based budget can save large corporations 10-25 %, sometimes as early as six months of implementation , and while it is time-consuming , it is likely to remain in trend for the next year at least .
The FP & A Innovation Summit is coming to San Diego on February 14 & 15 . Over 2 days , 25 + speakers from the likes of Etsy , Dropbox , Samsung & other Fortune 500 companies will take the stage to discuss forecasting , cybersecurity , cash-flow optimization , sensitivity-modelling & more .
Register your interest here and quote BR20 to access a 20 % discount !
Elliott Jay | Global Events Manager | Innovation Enterprise | + 1 415 800 4713 | ejay @ theiegroup . com