By Paul Hoch on February 22nd, 2018
The “Classic” budget process, on average it takes 4-5 months to complete. Using a driver-based approach allows companies to adjust numbers more quickly when conditions change, react to current events and twist a few dials in the plan to see the impact. So let’s talk about what is keeping companies from adopting a driver-based approach.
By TopDown Team on June 8th, 2017
Today more and more companies are using driver-based designs and recent improvements such as Hybrid Aggregation, new calculation functions, and bigger hardware mean that there are new possibilities. Profit opportunities don’t usually follow simple linear patterns.
By TopDown Team on June 21st, 2016
We recently finished a very successful PBCS driver-based budgeting project. There are a lot of reasons why the project was successful. One big reason was the great team on the customer’s side. In particular, the customers project owner had a deep understanding of driver-based budgeting and how to use it to help his stakeholders. I’ve…
By Paul Hoch on October 23rd, 2014
Focusing on the “vital few” is the first step in the strategic planning process, and allows you to identify your KPIs. According to the Pareto Principle (also known as the 80/20 rule), for most events, roughly 80 percent of the effects come from just 20 percent of the causes. The Pareto Principle is considered a common mode of operation in many business practices today – including driver-based planning.
By Paul Hoch on September 4th, 2014
We’re kicking off a blogging series all about driver-based planning, in which you’ll learn how to implement a driver-based planning process from the top-down. Driver-based planning works by identifying and measuring only the key drivers of the business, and helps companies stay competitive is through informed decisions and agile business practices.
By TopDown Team on June 26th, 2014
Day 3 at Kscope14 was a big one for TopDown. Four of our six speakers presented to crowds ranging from 50+ to 100+ over the course of the day. The sessions complemented each other with each drilling deeper into the information imparted from the previous one.
By Paul Hoch on June 4th, 2014
When it comes to EPM planning, companies have traditionally taken a “more is better” approach. With tighter budgets and competition between departments for budget allocation, it’s easy to go down the path of providing too much information, on the premise that you can’t manage what you can’t measure. So what’s the solution? Driver-based planning….