Controlling

Medium-term planning is an often used tool in german companies to translate strategic goals into concrete budgets and measures. However, little research about the tool has been done so far. This article therefore deals with identifiable practical...

New user-friendly analytics solutions such as SAP Analytics Cloud (SAC) provide access to statistical forecasting models to a wide audience. However, the question arises as to how well these models perform compared to self-developed forecasts. In...

Many Business Ecosystems are not competitive in the long term due to inadequate governance. Legal contract design plays a crucial role in establishing governance. The FIR at RWTH Aachen University has developed a support tool that presents...

In the past, BASF relied on a manual process to create local liquidity plans. Treasury has identified potential for improvement. Algorithms and models from artificial intelligence opened up new possibilities for extracting valuable information from...

This article proposes a process model for estimating the effort required for managed cloud services. In essence, the technical configuration and the service design of a customer is compared with the recommended reference configuration of the...

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...