Have you ever had two sets of information that should have been close, for example one month’s data compared to the previous month’s set? But, as you worked your way through the analysis, you discover radical differences, and you’re not certain why. What’s even worse is when you don’t realize the information has really changed until you’re sitting in a meeting and you see a graph that highlights a dip or a peak you weren’t expecting.
Sometimes changes in our businesses processes will change the information we produce. Moving from one software system to another, a change in accounting procedures, a change in pricing, products in a bundle, etc. can all result in different information sets. These lines in the sand need to be documented, and communicated throughout the organization to assure that everyone is working from the same set of assumptions.
Simple to say, but where do you store information like this? Depending on the size of the organization, you may have a knowledge warehouse, or you may have Sue – sitting in the back corner, with a set of trusty notepads and pens. What’s important to know is that with the increase in technology over the last 25 years – there are ways to get Sue’s information shared with everyone, so they all know where to look, and remarkably, these applications are available for free or under $10 per person.
If you’re interested in changing the way you look at your information, call Ignite Business Planning Services today!