BAE’s bold move, CEOs’ time optimisation and Adaptive Insights still in the lead

New CEO of British Aerospace, Charles Woodburn, has made his presence felt with a bold move to drive efficiencies at the defence and aerospace group. The plan to cut almost 2000 jobs represents a significant blow to the UK’s defence manufacturing capability, as reported by the Financial Times. While Woodburn has emphasised his plans to boost performance and innovation, many are equating the cuts with a shift to overseas defence spending.

These cuts come less than a month after Professor Iain Gray wrote about the British aviation industry’s quickly declining role in the development of technologies, and the need to shift focus to high-value design if the British industry is to be involved in shaping the future of aviation.

Chances are, British Aerospace have determined the impact of the move with complex financial modelling and scenario analysis, and these losses are part of a wider plan to boost key drivers like profitability, productivity and progression.

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A study conducted by Harvard Business Review has revealed that leading CEOs spend 56% of their day convening with other departments, with finance accounting for 17% of that time.

The same study showed that CEOs who primarily focus on higher-level tasks, such as convening with the heads of different functions and communicating strategy and vision, run a more productive and profitable company.

So how can finance heads optimise that 17% of time to derive the most strategic value? At Miagen, we try to answer that question by developing complex financial models geared towards company-wide transparency, so that finance decision-makers can spend more time on strategic planning and analysis, rather than get stuck in an infinite loop of monthly cycles.

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Ranked on market size, customer satisfaction, maturity of solution and ease of use, Adaptive Insights has secured Leader Status, according to five US analyst groups.

BPM Partners, Constellation Research, Forrester, Nucleus, and another leading analyst firm all report that the Adaptive Suite is the front-runner in cloud Corporate Performance Management; chiefly recognised in areas like Ability to Execute, Complex Modelling and Ease of Implementation.

BPM Partners vouch that Adaptive Insights is “designed to support active planning that is comprehensive, collaborative, and continuous for finance and beyond.”

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