Hey @drezaev! – how you doing? Just thought I’d check in on this thread and see if you were making any progress on your planning tool project?

Fyi – https://gencfo.codeomega.co.uk/groups/gencfo-clubhouse/forum/discussion/looking-for-an-fpa-tool/

Ps did someone say row limits! Check out our Excel session later today.

Thanks Lynne, this is amazing advice and really insightful! (Apologies that my reply comes with some lag but I am still under a lot of time pressure at work so am not keeping up with everything). I thought I’d leave until I get a few demos in before replying 😅

You are absolutely spot on! The biggest problem I am facing right now is lack…

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@drezaev Great to hear you’ve been able to start your project moving along again. I’ve seen a failed Adaptive implementation actually – the contributing factors to that perfect storm were:

– the business didn’t have in-house expertise to build in Adaptive, and it can get pretty complex, so they hired in one of the prominent consultancies to…

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I’ve had to pause the initiative for various personal and work reasons over the last few months, but am finally leading serious conversations about moving forward with trying out various tools. We will have a demo with Workday adaptive planning next month! I’m just trying to find the headspace and diary space to make this a reality 😅 Pigment…

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I think MVPs and Enterprise with 300+ licenses now have it! These MVPs told me today!

The strap line made me laugh – “Runway – the finance platform you don’t hate”😂

I’d like to talk about this too! – I searched & found this thread so thought would use it rather than starting a new one. I am on the hunt for a cloud xP&A tool that can cope with complexity & scale, but doesn’t a) cost the earth and/or b) require you to become…

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Also still waiting for it…

There’s a couple I can think of, but I would worry about getting sued. There’s one I’m legally not allowed to talk about, for starters, because a dispute was settled that way. Not very helpful, I know – but it would be a really interesting conversation if we could have it…

PS. Depending on what I’m writing, different bots have been more or less useful. I used my free trial of LiveChatAI to create a ‘pure’ IFRS bot – you can train your own bot on a defined container of information. In my case, this was the IFRS.org website – and know that you’re only going to get clean content generated from the reference…

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Having landed in a new contract about a month ago, something that is quite new to me and quite challenging for the business as a whole is an apparently new phenomenon of “accounting judgement papers”. The Group is audited by Deloitte, & Deloitte are requesting *large* volumes of *extensive* accounting judgement papers explaining how…

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It’s funny you say that. We were just preparing for our Excel debate next week and the consensus was everyone still thinks of Excel 97, even today!

I’m still waiting for it. Despite us having Microsoft E5 licenses, we still have an ancient 32-bit build

It’s going to be hard to ignore!

https://youtu.be/S7xTBa93TX8?si=bOb5d2KEnO9D8gW1

What the services are?

What cloud is?

What the related costs are?

How is should be managed?

Credit: Vertice

Had a great Talks today on being Human in an AI world. Here are some uses from the delegates…

**SQL, DAX, and Excel Formulas**: Sandra mentioned that she had encountered issues with programming languages such as SQL and DAX, as well as with Excel formulas. ChatGPT was able to identify the problem and provide a solution. Additionally, the…

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And Planful (who sponsor us!), but my strong advice is to not start with the tool, think about what you want to do (in detail with your stakeholders) then compare that to a tools shortlist, and make sure you get the best price from the start (licenses build up!).

Thank for that! Really cool to know. I’ve been looking at Pigment for a while, certainly going to participate in their demos/events in October to find out more!

I’ve also been recommended mosaic.tech and basis.so 😅

@tanbir-jasimuddin a maturity chart for you?

A few slides to finish off!

Digital investment is significantly up and automation is the driver

…this was an automation session but all areas covered, reporting, workflow, process, close, analytics. So everything really! 👍🏻

Lead with empathy and authenticity in a digital world… being a “Human CFO” can help you deliver on financial performance…

I like the direction. We can do so much more to engage on outcomes and people BEFORE we talk about process, tech and performance. Just FLIP the conversation, hey @mrmikerose

eg Dont start with the numbers, start with…

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Suggested conference goals

1. Make new connections
2. Learn about new vendors
3. Learn from showcases

This is what we want to build on GENCFO every single day!

CFOs are paid to live 12 months in the future not the past

we are at the peak of GENai hype cycle, risks are there but two thirds of you still see the opportunity

By 2030, 60% of FP&A operations will be outsourced.

Almost certainly driven by the standardisation of reporting and planning and the need for specialist analytics skills.

One early observation – if you put ‘By 2040’ in front of a statement you can say whatever you like! Lol

By 2040…

Hi @drezaev

If you’re looking for a FP&A tool, I came across Pigment (https://www.gopigment.com) recently which enables driver based forecasting and allows folks across the business to see inputs / assumptions and outputs in a standardised way.

At my last employer (London Stock Exchange Group), they were adopting Oracle Fusion and continue to use…

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Hitting the ground early with this headline ‘Gartner Predicts 80% of Large Enterprise Finance Teams Will Use Internal AI Platforms by 2026’

Need to dig in on the definition of AI platform, but that’s most people…

Cool, just tagged a few people who you met today, they may have an opinion @Prem @Chengai @david 🙌🏻

Agreed, very well put! Seems like with any off-the-shelf kit there will be more of ‘adapting to the tool’ as opposed to the other way around.

We are building an internal ‘analytics platform’ and it’s a bit of a nightmare with delays due to staff being cycled on the project a lot, but we might finally be rolling out a bespoke invoicing feature…

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Thanks Chris! Would be great to have a chat!

I was mostly trying to get a bit of a talk going as I am ever curious to see and hear what others are going through, and when one of our MD’s was approached by someone building their own software, it seemed natural to try and get some more information. I think the answer to your question is – it’s a…

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Any tool that has an OK set up cost but gets very very expensive as you scale licenses.

I think this sums up the apathy to move away from Excel.

The thinking goes…. Excel is in place and flexible versus a new fixed Saas app. Planning apps are much more than Excel but Excel it’s ‘OK’ for now.

Personally I feel this shows a lack of understanding of the upside and the lack of care for the team who have to muddle through Excel chaos.

Hi Dima

Are you looking for support or is this a research request from a vendor?

Each member profile has a question, “What tech and tools do you use today?” and “Are you open to questions about the tools you use?” so you can search and find people that way.

Or you can tag people to include them by searching a topic, and then selecting Members.…

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There are two types of planning applications – pre built for your use case, or a blank canvass.

The former can be limited if you go beyond the use case for which it was designed. The blank canvass works well, but you have to invest a bit of time designing how you want the model to work. In most cases, not enough time is spent on this, so you…

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A few months ago I came across this gorgeous looking finance platform and have been meaning to share it here ever since: https://runway.com/ really impressed me, the website itself looks really well designed and inspires me to use their product 🤩

This does raise a question: what tools do you use at work? What things do they do well, could…

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And what should we cover at #GENCFOacademy?

https://www.mckinsey.com/capabilities/mckinsey-digital/our-insights/the-top-trends-in-tech