Welcome to Qbit news
AIssistedTM Planning and Performance Management
The Digital Transformation is Fueled by AI The digital transformation is changing business as we know it. Data is the new currency, and companies need to continuously analyze data from multiple sources in realtime. Artifi cial Intelligence (AI) thrives on massive data and fuels the digital transformation. Thanks to the availability of aff ordable and …
Hey Siri, What’s My Forecasted EBITDA Look Like?
Even though we have so much advanced technology surrounding us, we still cannot just ask, “Hey Siri, what’s my forecasted EBITDA look like?” There are many reasons why such technology isn’t available yet—insufficient data, unstructured data and some human knowledge that is not yet transferable to machine.
What to consider when choosing financial consolidation software
Manual financial consolidation is time consuming and labor intensive. With modern technology offering new digital solutions to automate complex processes, you can not only streamline your consolidation processes, but also accelerate them. In this blog, we’ll examine what to consider when choosing a software consolidation solution for your organization.
Herlev Municipality digitizes Budget Follow up in a partnership with Qbit
Herlev Municipality sees the opportunities in the future to reuse the solution to digitize work processes within budget/forecast.
Rolling Forecast vs Budgeting
Traditional calendar year budgeting has been the dominating management control system globally for decades. In recent years a process of change has started towards frameworks like forecasting, rolling forecasting or Beyond Budgeting.
It’s the user who are the experts, isn’t it?
The challenge, however, was that the models required many manual processes. It took 6 weeks of work to collect and prepare a forecast, and at the same time it was technically difficult to show rolling forecasts – for the current year and 3 years ahead. It was often just in time Group Finance reached to deliver the forecast every quarter.
Great food and great management – Løgismose Meyers chooses Qbit for their budget system
Løgismose Meyers has chosen to collaborate with Qbit on the implementation of Jedox’s market-leading budget and forecasting system.
Tryg Group Rolling Forecasting and Analysis platform
It is essential for the Executive Board and the Group to have insight into the development of the business in a number of areas. For this, Tryg had over a number of years developed advanced and complex Excel and Access models to support the forecast.
Faxe Municipality chooses Jedox
Budget, forecast and planning solution at Faxe Municipality – “Forventet regnskab” Faxe Municipality chosses Jedox to automate and streamline the municipality’s processes and improve the ease of use of the recurring budget follow-up, which is called “Forventede regnskab” at the municipality.
ACCA User survey
Journey to Transformation: think big, start small, deliver quickly Business & Digital Transformation is having a huge impact on the Office of the CFO. However, while enabling significant opportunities to increase Finance’s influence throughout an organisation, it also challenges CFOs and their teams to optimise key transactional processes, improve their reporting and build out key …
Apply Artificial Intelligence - The Future of Enterprise Performance Management is dynamic
In the latest article on “Analytical Revolution with Artificial Intelligence”, we described how new capabilities in FP&A systems can support the future of Enterprise Performance Management and how much of the necessary functionality is already available today. From static to dynamic EPM New technology in budgeting, forecasting and analysis systems, such as machine learning and …
Make Artificial Intelligence interesting for Business Intelligence and Financial Planning & Analysis
What used to take 6 weeks now only takes 1 week In the last newsletter we touched on how people are the driving force behind digital transformation and how it can be supported by artificial intelligence and machine learning. We also took a look at how FP&A and Business Intelligence experts are beginning to extract …