Details
About the workshop
Data is the new oil. But do you and your finance team know how to get the most out of your data?
From an organisational perspective, finance is the foundation of value creation, foresight and insight, transforming information into business intelligence. A future-ready finance professional must turn their hand to everything from budgeting and forecasting, to financial modelling and advanced data analytics.
As finance moves into the realm of business partnering, the ability to look into the future and anticipate outcomes becomes crucial - data can unlock the enormous potential of your business.
Learn to create robust predictive models that support strategy and distinguish yourself as a future-focused professional. It is these critical areas that are unlocking powerful opportunities for organisations looking to gain the edge in an increasingly competitive commercial market.
Agenda
Foundations of data-driven finance
- How data is driving finance and accounting in the digital age
- Establishing the structure of modern finance team
- The three pillars of the tech stack
- Innovation and process improvements
Centres of excellence and collaboration
- Skills required for finance evolution
- Growth mindset vs Fixed mindset
- Rise of the finance business partner
- Rise of the virtual CFO
KPIs and measuring the right stuff
- Measuring and tracking value creation
- Planning, forecasting and budgeting with data
- Financial modelling with industry awareness and a clear focus
- Resolving challenges accessing robust data from multiple sources and ensuring proper integration
Modelling vs analytics
- Similarities and differences between financial modelling and analytics
- Technology and tools driving both and how these differ
- Key foundations of both and how they align around data and logic
- How to make and validate assumptions for effectiveness
Key tools for a data-driven finance team
- Automation(RPA), AI, Machine Learning, Blockchain
- Differentiate between Core and Edge Technology for effective implementation
- Address spreadsheet issues and apply solutions
How to achieve efficiencies in modelling by automation
- Develop flexible models to manage variable uncertainty
- Incorporate sensitivity analysis to mitigate risk and increase accuracy
- Overcome common pitfalls in complex financial models using appropriate tools
Visual influencing and Business Intelligence (BI)
- Discover data insights and stories
- Stay updated on visual influencing trends and their impact on decision-making
- Establish a robust structure for data analytics and visualisation techniques
Practical exercise - Effective presentation and influencing skills for better strategic decision making in a collaborative setting
The future of Data-Driven Finance
- Address leadership challenges in the digital age and assess team capability for improvement
- Embrace adaptive leadership in uncertainty
- Take action towards data-driven strategies
Tailor Your Training Experience
To make sure you get the learning solution that’s right for you, we offer different levels of tailoring to suit your needs. Choose from three levels of customisation:
1.Off the Shelf
Love what you see? Great! Choose this option to take one of our most popular courses and bring it in-house for your team. Includes a pre-course consult session with our facilitator to make sure we hit the mark, and deliver the right learning experience for you.
2.Customised
Make sure you get the most from the course you choose, by tailoring the content to get the right fit for you. Speak to our team, who will work with you to pick and mix from a curated bank of training modules to help customise your learning experience.
3.Premium
Not on the list? Let us know what you’re looking for and we will find the right solution. Our team of learning specialists will work with you to develop a unique training course for your business. Through an in-depth consultation process, we will work with you to profile your learning needs and build a bespoke program from the ground up.
Speak with one of our team today to find which option is right for you.