Manage Risk and Exposure

As a leading Austin-based consulting firm, 9Gauge Partners continues to utilize its partnership with Adaptive Insights to leverage innovative CPM and business intelligence solutions to help leaders make better business decisions faster. Below is a detailed look into how Adaptive Insights can help your company’s needs:

Challenge: Did you know that…

  • Some of the largest restatements and strategic planning errors over the last few years were due to spreadsheets – from missed forecasts, to accidental disclosures, to material calculation errors.
  • A copy and paste error resulted in a $2BN loss for JP Morgan, and a formula error cost Tibco shareholders $100M by miscalculating share count.
  • 90% of spreadsheets typically contain errors, yet 90% of spreadsheet users think they are error free (Source: ACCA).
  • 35% of spreadsheets contain data errors, 26% contain formula errors, and 19% contain format errors (Ventana).

Your team is wasting valuable time struggling with managing multiple versions of spreadsheets and double checking data integrity issues and broken formulas, and you’re worrying about how accurate forecasts, consolidated reports, and strategic plans really are.

Opportunity: What if you could…

  • Centralize the staging and management of actuals, assumptions, calculations, roll ups, and security to minimize the chance of data and calculation errors, significantly reducing reporting, forecasting and decision making risks and exposure?

Solution: Adaptive helps by…

  • Providing a single repository for data, calculations, assumptions, and roll ups to reduce the risk of rogue calculation errors.
  • Centralizing security, lowering the risk of accidental disclosures.
  • Providing automated board reports, narrative reports, and financial reports that eliminates copying, pasting, and reformatting, reducing risk of errors.
  • Providing plans and forecasts that engage managers and business owners, so that forecasts are created by the most informed owners to drive accuracy, together with continuous monitoring and variances.

Evidence:

  • CCN eliminated errors in cash flow forecasting.
  • McKinstry cut 50 Spreadsheets and eliminated manual roll ups and formula errors.
  • Critall Windows removed “ticking time bomb” of continual errors.

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