In a fast moving business world today Business Analytics has gained prime significance. Almost all organizations invest heavily in building Data warehouses which can give them an edge to stay attuned with their customer and business needs. However if we take a look at the Gartner’s report more than 70 to 80% of the Data […]
Cost allocations to the various cost heads, during the planning exercise, is a deceptively simple exercise, whether you choose to use the direct allocation method, step-down method or the reciprocal method to allocate costs. After all, what more do you need than the total amount that needs allocating, a basis for the allocation proportions to […]
Why should a services firm use a corporate performance management suite? to take the nightmares away!
Any business based on services, has a multitude of factors to monitor in order to ensure that the business remains profitable and performs as expected. It goes without saying, that the need to build a plan for the year is imperative to be able to contain the costs, and this task by itself is as […]
For a services firm, revenue planning is far from a simple, straightforward affair of arriving at a figure that “appears” to be just right. While the absolute figure might not reflect the complex planning that goes into it, understanding the finer points of the factors that are taken into consideration while planning for revenue items […]
When a services firm lays out the costs that it incurs over the financial year, the one cost that dominates and overshadows the rest of them, are the compensation costs for its workforce. Compensation is a rather crafty eel to handle. The firm can try to simplify a lot of the calculations by using average […]