Profitability analytics should not only tell a story on financial performance, but provide users credible information to write the next chapter. With the release of my new book Actionable Profitability Analytics, I have had many conversations with thought leaders and professionals discussing the use of…
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A recent Gartner report found that only 18% of business decision makers believe their company's performance data is decision ready, worse yet is only 22% of finance leaders believed it either. Finance functions are facing a credibility problem with business leaders in their organizations. Large…
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Armada's 2020 release of Acumen Cost Analytics has several new features for visualizing Cost Fact data from the modeling application. With the cost decomposition tree visualization, users can now navigate and analyze the source of costs from anywhere in the model with complete transparency and…
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Armada Solutions was recently recognized as one of the 20 Most Promising Enterprise Performance Management (EPM) Solution Providers for 2018. As organizations strive to improve their business performance and move to the next echelon, they are in need of robust software tools that can help…
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Financial Services companies around the world are being challenged to identify areas to improve expense ratios and profit margins without sacrificing customer service. In order to achieve this, they should be evaluating investment and expense management strategies that align to their profitability objectives. Our team…
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Banks are beginning to enhance the understanding of customer needs and ultimately improve profitability by leveraging local market social media data. Retail Bankers have for years completed ad-hoc analysis to determine where they should open a new Branch or sales office or conversely consolidate locations.…
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Millennials have now overtaken the baby boomers as the largest generation in America. As millennials mature and become the next generation of banking customers, it’s inevitable that banks adapt to their technology needs. Social media engagement and mobile banking are already quickly becoming the standard…
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I recently had the pleasure of accompanying my daughters to a lecture given by Scott and Mark Kelly, the twin brothers who both led inspiring careers as astronauts. They emphasized that we should do things not because they are easy, but because they are hard.…
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BI, or business intelligence, started out as a term that was broad and hard to define but has come to mean tools like Tableau, Qlikview, or even PowerPivot (Microsoft’s pivot tables on steroids) used to crunch big data into pretty reports or dashboards. Every industry…
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I was sitting in a prospective client meeting not long ago discussing their current monthly cost modeling process. The client described the roles and responsibilities of each financial analyst. The analysts were heavily involved with their business partner to update the model drivers, volumes, and…
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Why do ‘ad hoc’ reports exist? By definition, these reports are meant to be performed only once for a specific business question which cannot be answered with an organization’s standard reporting. However, many organizations end up regularly running reports which are not included in their…
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Former IBM Executive Joins Armada McKeon to take on role of President Tulsa, Okla. – Armada, a national provider of cost analytics software and consulting, announced today it has made a change in leadership. Former President and CEO Scott Wise will transition to founder and…
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