Controlling

Accurate revenue forecasts are important for firms to minimize uncertainties in their planning and budgeting processes. The article shows that machine learning models increase revenue forecast accuracy by 20 % in comparison to management forecasts....

In liquidity planning, cash forecasting puts high demands on data availability and data processing, which is also associated with a high level of manual effort depending on the desired forecast quality. This article deals with the organizational and...

This article provides practical insights into the application of predictive analytics in the Finance department of Siemens AG. A simple model for predicting a key component of cash flow, namely trade payables, was developed for a business unit. The...

Social media data is playing an increasingly important role in today’s business world, including management control. To support social media data use in forecasting, it is essential to understand the fundamental differences between social media...

The article analyzes the relevance of value-based and sustainability-related performance measures for board compensation in DAX- and MDAX companies. Compensation contracts are getting more complex, and there are differences between DAX and MDAX...

The combination of methodological and technical expertise is essential to obtain meaningful automated predictions. This article uses the example of direct cash flow forecasting to illustrate Bayer’s approach to the use of predictive analytics in...

The article explains the approach and the results of the Business Impact Analysis (BIA) and analyzes its potential for building organizational resilience in all phases of resilience management. In addition, the article shows that BIA has a positive...

Digitalization is changing life in all areas and is not stopping at the M&A industry. However, in order to benefit from digitalization, the basic prerequisite is to have an understanding of it and to be able to evaluate oneself in terms of one's...

The increasing relevance of corporate sustainability poses major challenges for companies, as all stakeholders have increasing expectations of them. Thereby, investors are no exception and increasingly taking environmental pollution information into...

The implementation of an emergency management is an important part of improving a financial service providers’ resilience. Enabling the own organization to appropriately react on emergencies and crisis therefore has to be a company’s aim. Not...

There is a high expectation that firms are dealing responsibly with the environment. Some firms have been responding to this expectation with greenwashing activities. A core challenge for academia and practitioners is to identify whether or not a...