Numeritas

Most people think their spreadsheets are more accurate than they really are. Research shows that when modellers work alone, they estimate an 18% probability of error in their work. The reality is very different: 86% of them make mistakes. At Numeritas, our own experience backs this up. Out of more than 200 model audits, we’ve only ever seen one model with no numerical errors. Why are spreadsheets so error-prone, and what can be done about it? The culprit is what we call alpha bias.

Excel’s new functions are making waves – from dynamic arrays to powerful LAMBDAs that can run entire schedules from a single cell. But do they really reduce risk and improve your models? In this free, practical eBook, we unpack the real-world pros and cons of using dynamic arrays and LAMBDAs in financial models.

Financial models are the backbone of critical business decisions, from investment appraisals to strategic planning. But how do you know if you can truly trust a financial model? A flawed model can lead to inaccurate forecasts, misallocated resources, and even financial loss. Ensuring financial model integrity is not just about checking for errors, it’s about building confidence in the numbers that drive decision-making.

In today’s dynamic business environment, the role of the CFO extends far beyond financial stewardship. Our podcast, The Forward Thinking CFO, has consistently delivered actionable insights that empower finance leaders to drive transformation and innovation. Drawing from the discussions we’ve had throughout our 2024 episodes, here are the key takeaways CFOs can leverage to elevate their impact: Modern CFOs must act as strategic partners to their organisations.

In this episode of The Forward Thinking CFO, Stephen Aldridge is joined by Maria Ghibu, a fractional CFO, entrepreneur, and non-executive director at the Chartered Institute of Internal Auditors. Maria offers a fascinating account of her journey from financial auditor to fractional CFO, sharing her insights into post-merger integration, the robotics and biotech sectors, and the importance of good governance.

In this episode of The Forward Thinking CFO, Stephen Aldridge is joined by Andrew Lynch, Head of FP&A at Blue Light Card. With a rich background in finance leadership across diverse industries – from wholesale to tech – Andrew shares invaluable insights on leveraging the finance function to enhance commercial performance. In this packed episode, Andrew and Stephen explore: The pivotal role of financial planning and analysis in business strategy.

Our technology partner DataBlend has a wealth of resources to assist you in learning more about why clients love Vena (the stories and testimonials) and much more. Each of the sections below is a curated selection of the elements we believe best showcase DataBlend, but do feel free to browse and look around for yourself. DataBlend – Customer Case Studies & Testimonials The following clickable links are a small selection of the customer stories showcased on the Vena website.

In this episode of The Forward Thinking CFO, Stephen Aldridge was joined by Lawrence Edwards-Smajda, CFO of Haier UK & Ireland, the mastermind behind a number of well-known big brands like Hoover and Candy. Lawrence’s journey to Haier is a fascinating one, beginning with what was essentially a 12-month interview that paved the way for a captivating story you won’t want to miss.

In this episode of The Forward Thinking CFO, we go a little off-piste as Cameron Miller, the Hydrogen Development Manager at Carlton Power, joins us to discuss the current state and future of hydrogen in the UK. As the shift from fossil-based to renewable energy sources gains momentum, Cameron’s expertise sheds light on the pivotal role of hydrogen in this transition.

We all know that making decisions is a crucial part of running a successful business. But what truly defines a good decision? In our latest whitepaper, Stephen Aldridge presents five crucial ways to improve your decision-making process and increase the chances of a positive outcome. Stephen also shares captivating real-life anecdotes that serve as valuable lessons and demonstrate the power of thoughtful decision-making.