Step Up Your Tech Game: Unlock Your Free Pass to IBM TechXchange!

IBM TechXchange 2024
IBM TechXchange
Written by Heather L. Cole, April 18th, 2024

Step Up Your Tech Game: Unlock Your Free Pass to IBM TechXchange.  This offer will self-destruct on April 30th.  So, act now!

If you're determined to sharpen your tech skills and make a name for yourself in the world of analytics and AI, then it's time to level up – not just your skills, but also your network. Remember what Jim Rohn said: "You are the average of the five people you spend the most time with." This year, make those people count!

Discover the IBM TechXchange - A Geek Fest, not a Pitch Fest!

In January, I had the pleasure of attending IBM TechXchange in Barcelona. This isn't your run-of-the-mill conference dominated by vendor pitches. Instead, it's a gathering of technologists from various backgrounds engaging deeply with the real issues and innovations in technology. We discussed, dissected, and explored a range of topics centered around IBM's cutting-edge WatsonX, Cognos, AI, and analytics solutions. The event provides an exceptional platform to mingle with developers and professionals who share similar roles across different companies. It's a chance to collaborate directly, explore new ideas, and even participate hands-on in labs!  Learn more about TechXchange in Vegas Oct 21-24, 2024 here.  

Want to Attend IBM TechXchange for Free? Here's Your Chance!

Are you worried about budget constraints? Let’s address that right away. You can attend IBM TechXchange in Las Vegas for free! Yes, you read that right. All you need to do is seize the opportunity to share your story.

Submit to Speak: If you are an IBM client and have a compelling narrative about your professional challenges, lessons learned, and victories over those challenges, then you're just the speaker IBM TechXchange is looking for. If selected, not only will you earn a free pass, but you'll also secure another for a coworker!  Yes, that’s 2 amazing passes that have a $3,198 value!

Submitting is simple:

  1. Choose your topic.
  2. Prepare a title and a short abstract (around 800 characters).
  3. Submit your proposal here, before April 30, 11:59 PM EST.

Remember, submissions close on April 30, 2024 – just a couple of weeks away. Don't miss this incredible opportunity to both attend and contribute to the conversation at one of the most intellectually stimulating tech gatherings of the year.  If you would like help formalizing your topic or even want us to co-present with you, don’t hesitate to contact us at

Special Opportunity for Lodestar Solutions’ Clients

If the thought of speaking at such a grand event seems daunting, there's another unique opportunity just for existing Lodestar Solutions clients. If you’re under a service agreement or engage in licensing and support with Lodestar Solutions, you can enter to win one of three passes by simply submitting a short video detailing your experience with Lodestar and how you utilize the software.  Nothing fancy.  Just grab your phone and shoot a video. Share your success stories, challenges overcome, and how Lodestar Solutions has made a difference in your business. Your testimonial could not only win you a free pass but also inspire others on their transformative journeys.

Once we receive your video, you will be entered into our drawing to win one of the three passes we have to give to clients.

Simply record your video testimony and submit it to by May 10, 2024.  Or better yet post it on Linkedin and tag @lodestarsolutions.

Are you interested in learning more? Email us at for more details about this exclusive offer.

Act Now! Join the Elite in Las Vegas

This is your chance to step up, be seen, and potentially lead in your field. The AI tsunami is coming, and the best way to ride the wave is by enhancing your skills and expanding your professional circle. IBM TechXchange is more than just a conference; it’s a career catalyst.

Don't wait – click the link below, submit your abstract, or reach out to us at Lodestar Solutions today. Join us at IBM TechXchange and start shaping the future of tech!

Submit Your Proposal Here

Overcoming Imposter Syndrome: A Crucial Step for Executives in the AI Era

Overcoming Imposter Syndrome for Financial Executives- Strategies for Success
Overcoming Imposter Syndrome for Financial Executives- Strategies for Success
Written by Heather L. Cole, April 11th, 2024

In the fast-paced, ever-evolving landscape of business, where the integration of artificial intelligence (AI) and advanced technologies is becoming the norm, the phenomenon of Imposter Syndrome is increasingly relevant, especially among high-ranking professionals such as CEOs and CFOs. Imposter Syndrome, the internal experience of believing that one is not as competent as others perceive them to be, can significantly impact decision-making, leadership, and organizational culture, particularly during critical periods such as AI integrations and business intelligence deployments.

Understanding Imposter Syndrome Among Executives

Imposter Syndrome is not a rarity at the executive level. It often manifests as a persistent fear of exposure as a "fraud," despite evident success and competence.  This is very common after someone has been promoted.  For example, a Controller who is promoted to CFO is faced with new challenges, new teams reporting to them, and responsibilities they didn’t even consider.  This can cause a trigger of that little voice saying, “You are not qualified!”  This psychological pattern can lead to overworking, stress, and a reluctance to delegate tasks or ask pertinent questions, all of which are detrimental to effective leadership and organizational growth.  If you are feeling this, you are not alone!

For CEOs and CFOs, the stakes are even higher. Their decisions not only shape the trajectory of their organizations but also influence their teams' morale and productivity. The relentless pursuit of perfection, driven by the fear of being perceived as inadequate, can stifle innovation, and hinder the open exchange of ideas essential for navigating the complexities of AI and technology deployments.

To learn more about Imposter Syndrome check out this Psychology Today blog

The Ripple Effect on Teams and Culture

Imposter Syndrome at the executive level can cascade throughout an organization, creating a culture where employees mirror their leaders' reluctance to ask questions or admit gaps in their knowledge. This environment significantly inhibits the collective learning necessary for successful AI adoption and technological advancement. When leaders hold back from asking crucial questions or exploring new ideas due to fear of appearing incompetent, it sets a precedent, discouraging team members from engaging in open dialogue and collaborative problem-solving.

This culture of silence and apprehension can severely impact the deployment of Artificial Intelligence, Business Intelligence, and Financial Planning applications. These technologies, crucial for data-driven decision-making and strategic planning, require active engagement and curiosity from users at all levels. When leaders and their teams are hesitant to ask "basic" questions or express uncertainties, it undermines the effective utilization and optimization of these tools, leading to suboptimal implementation and potentially costly missteps.

Resource:  Great video by Bernard Marr, 10 Questions Every Leader Needs to Ask About AI.

Overcoming Imposter Syndrome: Strategies for Executives

1. Acknowledge and Normalize It

The first step in overcoming Imposter Syndrome is acknowledging its presence. By recognizing that this phenomenon is common, and widespread, especially among high-achievers, executives can begin to dismantle the stigma associated with expressing vulnerability. Normalizing these feelings within the leadership narrative can foster a more supportive and open organizational culture.

MY TIP:  When I hear the voice in my head questioning me, I realize I am about to embark on a period of growth.  Have you ever noticed that voice never appears when you are sitting on your couch with your dog binging Netflix?  It only appears when you are pushing your boundaries and growing.  

2. Foster a Culture of Curiosity

Executives can lead by example by fostering an environment where curiosity is valued over the facade of omniscience. Encouraging questions, celebrating the learning process, and openly discussing challenges related to AI and technology deployments can demystify these complex subjects, making them more approachable for the entire team.

MY TIP:  As a leader, openly state, “You know I am unsure how that works, let’s investigate…” By showing your teams you are okay with stating you don’t know everything, you open the path for your teams to admit this too.  This not only will identify the knowledge gaps in your team, but it creates an environment of accountability.

Your teams suffer from Imposter Syndrome too.  Check out this earlier blog for Business Analytics Professionals and Boosting their Confidence. 

3. Embrace Collaborative Leadership

Shifting from a solo leadership approach to a more collaborative style can significantly alleviate the pressures associated with Imposter Syndrome. By involving diverse team members in decision-making and acknowledging the collective expertise within the organization, executives can create a more inclusive and resilient environment.

MY TIP:  By simply telling your team you believe in them, and trust their decision, you are building their confidence and helping them overcome their own Imposter Syndrome.

4. Invest in Continuous Learning

The AI revolution necessitates a commitment to continuous learning and adaptability. Executives should champion and participate in educational initiatives, workshops, and seminars focused on AI and emerging technologies. This not only enhances their understanding but also signals to the team that growth and adaptation are ongoing processes.

MY TIP:  Join a regular program like our Analytic Success Klub (ASK) and schedule 1 hour of daily growth by blocking your calendar and watching webinars, and videos or talking to a coach.  Your commitment to growth will serve as a great model for your teams.

5. Seek Professional Support

Lastly, engaging with mentors, coaches, or mental health professionals can provide executives with the tools and perspectives needed to navigate the complexities of Imposter Syndrome. External support can offer valuable strategies for managing self-doubt and fostering a healthier, more confident approach to leadership.

MY TIP:  Consider getting an executive coach who can help you overcome hurdles and mindset challenges you may be having. Want to take it to the next level?  Tell your teams you have a coach and encourage them to get a coach or join a group coaching program too.   (Want to learn more about coaching?  Email

Conclusion:  Imposter Syndrome must be addressed to succeed in AI.

As we delve deeper into the AI revolution, the ability of executives to overcome Imposter Syndrome becomes increasingly critical. By addressing this challenge head-on, leaders can foster a culture of openness, innovation, and resilience, ensuring that their organizations are well-positioned to capitalize on the opportunities presented by AI and advanced technologies. The journey towards overcoming Imposter Syndrome is not just a personal one; it is a strategic imperative that can define the future of leadership and organizational success in the digital age.

Want to learn more?  Join us on April 17th, 2024, from 2-3 PM Eastern for our webinar:

Overcoming Imposter Syndrome for Financial Executives: Strategies for Success

Register Here.

What’s New in Planning Analytics Workspace 94

What’s New in Planning Analytics Workspace 94
What’s New in Planning Analytics Workspace 94
Written by Mike Bernaiche, April 4th, 2024

If you are using the AI forecast option in Planning Analytics, then you will love Planning Analytics Workspace 94 update.  Multivariate forecasting is now available plus several other enhancements that you are sure to love. Below I will outline everything new in Planning Analytics Workspace 94.  For a full list of everything new in Planning Analytics Workspace, including all other versions you can check out this link or the prior blogs listed at the bottom. 

Books and Reporting

Create Multivariate Forecast – Before Planning Analytics Workspace 94, the user could only create a forecast based on a single variable (univariate).  With Workspace 94, the user can now create a forecast based on multiple variables.  A multivariate forecast takes into consideration multiple time-dependent variables. The forecast model looks not only at historical data but also at the dependencies between the specified variables to create a forecast. The selected variables play a significant role in driving the forecast results. Therefore, it is important to select variables that have a high correlation with the historical data.

Please note if your data is highly seasonal, then univariate forecasting is recommended.

Univariate and Multivariate in PAW 94

Field Panel in Exploration – Select an exploration and go to Fields to open the fields settings. Dimensions that are in the Context area of the exploration appear under Filters in the Fields panel. You can drag dimensions from Filters to the Row and Column fields.

Click the More icon next to a dimension in the Row or Column field to edit the set, remove the hierarchy, create a subset calculation (set consolidations), and customize sets. You can also add a Selector list, Selector tile, or an Advanced Selector widget to the book from this menu.

Field Panel in Exploration

New Format Manager for Cube Views

The new Format manager is subject to enablement by a Planning Analytics Workspace administrator. If an administrator does not explicitly enable the new Format manager feature, all cube viewer formatting options remain in their existing locations until the enablement release for this feature.  To enable click this link

New Format Manager for Cube Views
New Format Manager for Cube Views 2

Plans and Applications

Open a Specific Tab in Books - To specify a default tab, make a selection under the new Default tab option on the Assets page when you attach a book to a section or a task.  Get your users where they need to be quicker and more accurately by using this great new feature.

Open a Specific Tab in Books in PAW 94


Change Multiple Parameter Types in Process Editor -   You can now change multiple parameter types by clicking each of them.  This can help the modeler save time when address parameter changes.

Change Multiple Parameter Types in Process Editor in PAW 94


Support for Planning Analytics Workspace (local) on Microsoft Server 2016 ends in 2024 –   please see this link for more information. 


Good stuff arrived in Planning Analytics Workspace 94.  I can’t wait to work with our clients on the addition of multivariate forecasting.  I love the fields panel and the ability to set formats for cube views.  Stay tuned, I know some additional enhancements are coming that you will love! 

Quick question before I sign off.  When was the last time you upgraded Planning Analytics Workspace or Planning Analytics for Excel?  Reach out to me and discuss your environment.  We have some excellent upgrade bundles that can help you save time and money and get you updated quickly!  You can reach me at

You can check out some of our other blogs below:

The Cost-Cutting Key: Strategic Communication in Action

The Cost-Cutting Key Strategic Communication in Action
The Cost-Cutting Key Strategic Communication in Action
Written by Heather L. Cole, March 26th, 2024

With two decades of experience guiding executives and their teams towards achieving their goals, by improving their budgeting, planning, and forecasting processes across various sectors. I’ve discovered there is one key ingredient that most organizations fail at, and it is the most important factor in success.

My unique vantage point, straddling both Finance and IT realms, has offered me a panoramic view of organizational dynamics and the factors that drive success. Amidst the myriad strategies and tools at our disposal, one critical, yet often overlooked, element stands out for its profound impact on cost-cutting: constant communication of strategic goals.

The Missing Link in Cost Efficiency

In a landscape where cost-cutting is often synonymous with resource trimming and stringent budget controls, the true essence of cost efficiency is sometimes lost.  The quest for a leaner, more agile operation is undoubtedly vital, but the means to achieve it extend beyond the conventional wisdom of doing more with less.  It’s time for the Office of Finance to stop being an office of NO and to try a different approach.  (See our blog Bridging the Gap: Elevating Finance from the “Office of No” to Strategic Visionaries)

The real game-changer, I've found, is something far more fundamental and, remarkably, almost cost-free: the continuous articulation of an organization's strategic goals.

The Power of Strategic Alignment 

The magic of constant communication lies in its ability to foster alignment. When every member of the team, from full-time employees to consultants brought on for specific projects, understands the strategic objectives, a powerful synergy emerges. This alignment is not just about ensuring everyone is rowing in the same direction; it's about moving as a cohesive unit, with each stroke perfectly timed and executed to propel the organization forward.

A recent Forbes article states, “A communication plan that empowers your employees allows them to see how they fit into the larger picture. It also allows them to understand the role that they play and why a greater investment can go hand in hand with achieving their own professional and career growth dreams.” Navigating Success: A Strategic Communication Guide For 2024 

Eradicating Costly Missteps 

The absence of clear, consistent strategic communication is often the root cause of the most common and expensive pitfalls in project management: delays, cost overruns, and subpar outcomes. These are not merely operational hiccups; they are symptoms of a deeper malaise - misalignment. When team members are not fully apprised of the organization's goals, their efforts, no matter how well-intentioned, may not align with the broader vision. This misalignment leads to wasted resources, both in terms of time and money, as projects meander or inflate beyond their original scope.

Dr. Vanessa Akhtar, at Kotter states it well in her Forbes article, Strategic Cost Cutting: Meet Immediate Demands With A Forward-Thinking Approach,  

While it’s critical for senior leaders to provide clarity on the scope of cost-cutting needed, it’s nearly impossible to hit savings goals in a sustainable way if it’s merely cascaded through the organization. Businesses need many people, across all areas and levels of the business, looking for and implementing creative solutions. To make this possible, leaders need to help employees understand what needs to be achieved…”

The Ripple Effect of Alignment 

The benefits of strategic alignment go beyond the immediate savings in project costs. They permeate every facet of the organization, enhancing agility, fostering innovation, and boosting morale. Teams that are aligned with the strategic vision are more adept at navigating challenges, more efficient in their use of resources, and more effective in delivering results. This alignment transforms the organizational culture, creating an environment where transparency, accountability, and excellence are the norm.

Conclusion: A Call to Action 

As someone who has navigated the complexities of both Finance and IT, I cannot overstate the importance of this simple, almost free step: constant communication of strategic goals. It's a fundamental principle that can dramatically reduce costs, not just in IT projects but across the organizational spectrum. By embedding this practice into the corporate ethos, leaders can unlock the full potential of their teams, turning strategic visions into tangible successes. Let this be a call to action for organizations everywhere: to harness the power of communication in achieving unparalleled cost efficiency and operational excellence.

Last Call:  Want to learn more?  Join me on Thursday, March 28th, 2024, from 1-2 PM for an engaging webinar that will help you redefine the role of finance in your organization. Register for "Bridging the Gap Between Short-Term Financial Goals and Long-Term Strategic Vision" and start your journey toward becoming a strategic financial leader. Register HERE.

Bridging the Gap Between Short-Term Financial Goals and Long-Term Strategic Vision

Bridging the Alignment Gap: Why Your High-Performers Quit

Bridging the Alignment Gap: Why Your High-Performers Quit
Bridging the Alignment Gap: Why Your High-Performers Quit
Written by Heather L. Cole, March 21st, 2024

In every high-performer’s career journey, there comes a pivotal moment that defines their future trajectory. For some, this moment is a realization—a stark awakening to the misalignment between their personal goals and the strategic direction of their organization. This was the case in my own career, prompting me to embrace entrepreneurship after witnessing chronic alignment issues across various companies. So, today we will discuss Bridging the Alignment Gap: Why Your High Performers Quit.

Lack of Alignment

Alignment, or rather the lack thereof, is akin to a vehicle that has hit a huge pothole and its alignment is off.  After that, the car tends to veer off course.  Over time this misalignment does more and more damage to your car.  It’s not obvious at first by the wear of the tires. If not repaired, it gets worse and can even cause the tire to blow.  If you have ever had a tire blowout, you know it makes the journey arduous and much harder to get to the destination.  Misalignment is a fundamental issue many organizations grapple with, often unknowingly, leading to the attrition of their most valuable assets: high-performing employees.

LEARN MORE: Bridging the Gap Between Short-Term Financial Goals and Long-Term Strategic Vision

Thursday, March 28th, 2024, 1:00-2:00 pm Eastern

Register HERE 

Why I Became an Entrepreneur

Every job I ever quit was due to misalignment. One of the main reasons I started my own company 20 years ago was I could not find a company I felt would let me continue to grow.  My personal story serves as a testament to this challenge.

Back in the 1990s, I took a job with a growing ERP software company.  I was excited about learning their technology and I was determined to excel, I set an ambitious goal: to become the fastest certified consultant and pivot into a pre-sale role. I communicated this to my boss during the interview and she said “Okay”.  I then asked if I could be reviewed after 6 months and was told the company structures offered an annual review.  I insisted that I would require a 6-month review and she said, “Okay”.  Despite my dedication, exemplified by long nights and weekends immersed in mastering the software, the company's response to my zeal was lackluster.  After 6 months I demanded my review.  Her feedback was simply you’re doing a fabulous job, keep doing what you are doing.  I left the review deflated, angry, and questioning my decision to join the firm.  The feedback, albeit positive, felt hollow, devoid of any forward-looking vision or pathway for growth. The company left no room for flexibility, and failed to recognize or harness my aspirations.  Two days later I handed in my resignation. This misalignment was the catalyst for my departure. 

Do You Want Your High-Performers Competing with You?

This scenario repeated itself a couple more times for me I was not a fast learner.  I eventually handed in my final resignation letter and started my own company, Lodestar Solutions.  And yes, Lodestar Solutions competed directly with my prior firm.

High-Performers Need to See Their Role

This narrative is far from unique. Many high performers, much like athletes from their formative years, thrive on clear, tangible goals. They seek not just to understand the broader strategic objectives of their organization but to see how their contributions interweave with this larger tapestry. Without this clarity, the sense of purpose diminishes, and engagement wanes.

Bridging the Alignment Gap

The solution lies in bridging this alignment gap through transparent communication and a structured framework for setting and tracking goals. A potent tool in this endeavor is the methodology of Objectives and Key Results (OKRs). OKRs empower organizations to distill their strategic goals into actionable, measurable objectives at every level of the hierarchy. This clarifies the direction for each team and individual and fosters a sense of ownership and accountability toward shared success.

Implementing OKRs

Implementing OKRs begins with articulating the long-term strategic goals of the organization. These are then broken down into specific, time-bound objectives for each team, ensuring alignment with the overarching vision. Key Results, the measurable outcomes associated with each objective, serve as milestones, guiding progress and facilitating course corrections as needed.

The true power of OKRs lies in their ability to bridge the gap between high-level strategy and day-to-day operations. By making strategic goals tangible and actionable, OKRs demystify the path to success for high performers, aligning their aspirations with the organization's trajectory.

Explore More

As we delve into the intricacies of OKRs and their impact on strategic alignment in our upcoming webinar, it's imperative for leaders to introspect. Are your organization's goals clearly communicated and aligned with the aspirations of your team members? Are you leveraging tools like OKRs to ensure everyone is not just rowing in the same direction but also understands why?

Strategic alignment is not just about setting goals but about weaving a shared narrative that resonates with every member of the team, galvanizing them towards a common purpose. As leaders, our challenge is to ensure that this narrative is not only compelling but also clear and inclusive, leaving no high performer behind.

Join us on this journey to transform strategic visions into lived realities, fostering an environment where every high performer finds their place, purpose, and path to success. To start this journey all you need to do is clear your calendar and register for my 1-hour webinar where I will share the secrets to:

LEARN MORE: Bridging the Gap Between Short-Term Financial Goals and Long-Term Strategic Vision

Thursday, March 28th, 2024, 1:00-2:00 pm Eastern

Register HERE 

Bridging the Gap: Elevating Finance from the “Office of No” to Strategic Visionaries

Bridging the Gap Between Short-Term Financial Goals and Long-Term Strategic Vision
Bridging the Gap Between Short-Term Financial Goals and Long-Term Strategic Vision
Written by Heather L. Cole, March 13th, 2024

In last week’s blog we discussed, Beyond the ‘Office of No’: Orchestrating Harmony Between Immediate Gains and Lasting Strategy. Now we get into the meat of bridging the gap between the strategic vision and the short-term financial goals.  But let’s review…

The finance department often bears the brunt of being labeled the "Office of No," acting as the proverbial gatekeeper to the company's purse strings. Terms like "Controller" reinforce this image, evoking a sense of restriction rather than empowerment. But what if we could shift this narrative? What if, instead of being the bearers of budgetary bad news, finance became the linchpin in navigating the complex dance between short-term financial goals and long-term strategic plans? Imagine transforming the finance office into a strategic ally, adept at balancing the immediate financial needs with the long-term strategic vision of the company.

Enter the transformative world of strategic financial planning, where the once-stoic finance office,
"office of no," evolves into a dynamic partner, guiding companies through the intricacies of growth and innovation. This is not just a pipe dream but the core of our upcoming webinar, "Bridging the Gap Between Short-Term Financial Goals and Long-Term Strategic Vision.  This event is designed to equip financial executives in mid-market companies with the insights and tools to become champions of strategic planning and execution.

The Evolution of Finance

The role of financial executives is evolving, with an increasing expectation to contribute strategically beyond traditional budgeting and cost management. CFOs must become strategic partners, driving innovation, and providing insights that shape the company's future.  This transformation requires a new set of tools and a mindset geared toward flexibility and foresight.

About the Webinar

This webinar, Bridging the Gap Between Short-Term Financial Goals and Long-Term Strategic Vision, is tailored for financial executives seeking to navigate the complexities of aligning short-term financial imperatives with long-term strategic goals.  Register HERE

OKRs –

Participants will gain a deeper understanding of Objectives and Key Results (OKRs), a framework that helps align and motivate teams toward achieving strategic outcomes. Objectives and Key Results (OKRs) are a popular goal-setting framework that helps organizations align and track their progress toward achieving high-level objectives. This methodology emphasizes setting clear, measurable goals ("Objectives") that are supported by specific, actionable outcomes ("Key Results") to gauge success. OKRs are designed to be transparent and encourage engagement across all levels of an organization, fostering a culture of accountability and continuous improvement.

Companies Using OKRs

Several leading companies across various industries have successfully implemented OKRs to drive their growth and innovation. Notably:

  1. Google: Perhaps the most famous adopter, Google has been using OKRs since its early days to scale its operations and maintain a focus on its ambitious goals.
  2. LinkedIn: The professional networking giant adopted OKRs to maintain a clear focus on strategic priorities and drive employee engagement.
  3. Intel: The semiconductor company is one of the early adopters of OKRs, which has been central to its management philosophy and success.
  4. Spotify: The music streaming service uses OKRs to ensure its teams are aligned and working effectively towards the company's strategic goals.

Recommended Reading about OKRs’

For those looking to dive deeper into the world of OKRs, there are several authoritative books on the topic:

Measure What Matters by John Doerr
  1.  "Measure What Matters" by John Doerr: This book is often considered the definitive guide on OKRs. John Doerr, who introduced OKRs to Google, shares a variety of case studies from industry leaders and provides a comprehensive overview of how OKRs can drive success.

2. "Radical Focus: Achieving Your Most Important Goals with Objectives and Key Results" by Christina Wodtke: This book offers a practical guide to implementing OKRs, blending theory with storytelling to illustrate the power of OKRs in achieving business objectives.

3. "Objectives and Key Results: Driving Focus, Alignment, and Engagement with OKRs" by Paul R. Niven and Ben Lamorte: This book provides a step-by-step framework for implementing OKRs, including common pitfalls and best practices.

Blogs and Online Resources

Several well-known blogs and online platforms provide valuable insights into OKRs, including:

  1. Founded by John Doerr, this platform offers a wide range of resources, articles, and Q&As on OKRs, drawing on real-world examples and expert advice. 
  2. The OKR Podcast: Hosted by Deidre Paknad, CEO of WorkBoard, this podcast features interviews with industry leaders who share their experiences and lessons learned from implementing OKRs. 
align their teams and achieve ambitious goals

OKRs have proven to be a powerful tool for companies looking to align their teams and achieve ambitious goals. By setting clear objectives and measurable key results, organizations can ensure everyone is working towards the same strategic priorities, fostering a culture of accountability and continuous improvement.

Tools to Model and Measure

Once you understand OKRs you need to explore tools to measure and model your organization to link the Strategic Goals to the short-term plan. A key feature of the webinar is a brief live demo of IBM Planning Analytics, showcasing how this tool can provide the agility and insight needed to adapt to rapidly changing business environments. This powerful tool enables advanced budgeting, forecasting, and monitoring, essential for strategic financial planning. (To see a video of IBM Planning Analytics go to our YouTube channel

The Need for Strategic Financial Planning

In today's fast-paced business world, the ability to balance short-term financial goals with long-term strategic objectives is crucial.   “Once you have settled on the strategy and the resulting top-level OKRs, we can use the OKRs to inform the budget. Only about 25% of the OKRs will have budget numbers associated with them, but the linkage between the majority of your OKRs and the budget is critical to strategy execution,” stated Brett Knowles in his blog  OKRs are the Center of Every Financial Planning Process. 

So, to successfully link your strategy and OKRs to your budget you will need the right tools. Our webinar will delve into how financial leaders can leverage IBM Planning Analytics to achieve this balance, transforming their role within the organization.

Join Us

This webinar is an opportunity for financial executives to step beyond the traditional boundaries of finance and embrace a more strategic role. By understanding and applying the principles of OKRs and utilizing advanced tools like IBM Planning Analytics, finance professionals can become pivotal in guiding their companies toward long-term success.

Don't miss this chance to redefine the role of finance in your organization. Register for "Bridging the Gap Between Short-Term Financial Goals and Long-Term Strategic Vision" and start your journey toward becoming a strategic financial leader. Register HERE

Take the First Step

Are you ready to transform the perception of finance in your company? Join our webinar and be part of the evolution from the "Office of No" to strategic visionaries. Register now and unlock the potential of strategic financial planning in driving your company's future growth.

Register HERE.  

Beyond the ‘Office of No’: Orchestrating Harmony Between Immediate Gains and Lasting Strategy

Beyond the 'Office of No': Orchestrating Harmony Between Immediate Gains and Lasting Strategy
Beyond the 'Office of No': Orchestrating Harmony Between Immediate Gains and Lasting Strategy
Written by Heather L. Cole, March 8th, 2024

In the dynamic landscape of modern business, achieving harmony between short-term financial goals and long-term strategic plans is a critical yet complex endeavor for financial executives. The traditional view of the finance department as the "office of no" is rapidly evolving.  Financial leaders are now seen as vital strategic partners, essential for guiding companies toward sustainable growth by skillfully navigating between immediate financial constraints and visionary long-term objectives.

This blog, Beyond the 'Office of No': Orchestrating Harmony Between Immediate Gains and Lasting Strategy delves into the instrumental role financial executives play in this balancing act, emphasizing the importance of advanced, flexible tools for budgeting, forecasting, and monitoring to manage the unpredictability of today's business environment.

Embracing Advanced Financial Tools

The cornerstone for harmonizing short-term needs with long-term goals lies in the deployment of sophisticated financial tools. These systems must offer robust budgeting capabilities, precise forecasting, and real-time monitoring to adapt to the frequent "curveballs" the business world presents. Financial executives are at the forefront of implementing and utilizing these technologies, ensuring that financial planning is both resilient and dynamic. These tools enable a granular analysis of financial data, allowing executives to make informed decisions that align with both immediate and future-oriented objectives.

We Recommend IBM Planning Analytics

At Lodestar Solutions, we are big advocates of IBM Planning Analytics as the tool of choice for finance offices aiming to harmonize short-term financial objectives with long-term strategic goals. This advanced solution addresses the common challenges financial executives face, such as the need for real-time data analysis, flexible budgeting, and accurate forecasting amidst an ever-changing business landscape. By offering a powerful, integrated planning solution, IBM Planning Analytics enables finance teams to swiftly adapt to market changes, manage financial performance proactively, and align financial plans with strategic objectives. Its user-friendly interface and robust analytical capabilities allow for deep insights into financial data, facilitating informed decision-making. Moreover, the tool's scalability ensures it can accommodate the evolving needs of growing businesses. In essence, IBM Planning Analytics empowers the office of finance to transition from being seen as a traditional cost center to a dynamic, strategic partner within the organization, driving both immediate and long-term success.  For a demo of IBM Planning Analytics check out our Youtube

Workforce Quality and Financial Health

A skilled and engaged workforce is crucial for overcoming short-term hurdles while steadily advancing toward long-term ambitions. Financial executives must champion the investment in human capital, recognizing that a well-equipped team is fundamental for strategic agility and execution. Similarly, the overall financial health of an organization underpins its capacity to address short-term challenges without compromising its long-term vision. By maintaining a sound financial base, financial leaders provide the organization with the flexibility to invest in growth opportunities even in uncertain times.

“Afraid if you train your people they will leave.  What if you don’t and they stay?”

Stakeholder Alignment and Strategic Foresight

Aligning stakeholders' perspectives with the company's strategic direction is a delicate task that financial executives must navigate. They play a pivotal role in bridging the gap between the pursuit of short-term profits and the commitment to long-term growth, often requiring a shift in mindset from immediate gains to sustainable development. By articulating the long-term vision and its potential benefits, financial leaders can align stakeholder expectations with the company's strategic objectives.

The communication of the plan and the “Why” of the plan is often the most overlooked and unperformed task that is essential for success.  Look for future blogs from us on this topic coming soon.  

Reference: If you haven’t read the book Start with Why by Simon Sinek it should be on your list.  Here’s a blog summary, The Power of Starting with Why.

Navigating Common Challenges

Frequent pitfalls such as overemphasizing immediate tasks and the allure of quick wins can derail companies from their strategic path. Financial executives must advocate for a strategic focus, ensuring that leadership dedicates adequate time to long-term planning and delegates day-to-day tasks effectively. They must also look at the long-term effects their decisions have.  Cutting margins of resellers of your products, or reducing bonuses may look good for your bottom line now, but what if your resellers focus their attention on competitive products or your people leave?   Clear communication and definition of long-term goals are essential for strategic coherence and alignment, enabling every team member to understand their role in the broader vision.

Harmonizing Strategies with Flexible Tools

To foster a balance between immediate financial imperatives and long-term strategic goals, financial executives can leverage the following strategies, empowered by flexible financial tools:

  1. Adaptive Budgeting and Forecasting:   Utilize advanced budgeting and forecasting tools to maintain agility in financial planning, allowing for adjustments in response to unforeseen business changes.
  2. Real-Time Monitoring:   Implement monitoring systems that provide real-time insights into financial performance, enabling prompt responses to deviations from planned paths.
  3. Strategic Alignment of Goals:   Ensure that the objectives of stakeholders are harmonized with the company's long-term strategy, fostering a collective effort towards shared goals.
  4. Investing in Talent for the Future:   Advocate for hiring practices that not only fill current gaps but also build the company's long-term strategic capabilities.

In conclusion, financial executives need to evolve Beyond the 'Office of No': Orchestrating Harmony Between Immediate Gains and Lasting Strategy.  Executives as strategic partners are crucial in navigating the complexities of balancing short-term financial goals with long-term strategic plans. By harnessing advanced, flexible financial tools for budgeting, forecasting, and monitoring, financial leaders can provide the insight and agility needed to adapt to the ever-changing business environment. This strategic partnership is key to driving sustainable growth and long-term success, ensuring that companies remain resilient and proactive in the face of uncertainty.

Want to learn and discuss the first step in bridging the gap between short-term financial goals and long-term strategic goals, contact us at

Be sure to check out and subscribe to our blog page to catch all of our upcoming blogs on communicating the "Why!" Lodestar Solutions Blog Page

What’s New in Planning Analytics Workspace 93

what’s new in planning analytics workspace 93
what’s new in planning analytics workspace 93
Written by, Mike Bernaiche, February 29th, 2024

In February 2024, IBM released the next version of Planning Analytics Workspace 93.  There are a few enhancements to highlight below.  As a reminder, when you upgrade to the latest version you have everything from previous versions.  At the bottom of this blog, you will find links to what is new in previous versions.

Books and Reporting

In Planning Analytics Workspace 93 the following was added or changed in books and reporting.

Books retain data format when saved as a template - When you save a book as a template, any data format that you applied to an entire view or visualization now also saves to the template. When you create a new book using the template, the retained data format automatically applies to the view or visualization when you populate the data.

New advanced selector widget to synchronize members - the new Advanced selector widget supports one-way synchronization and has multiple selectors with the same hierarchy that lets you pick members from different groups to form a set. This new feature lets you easily compare members, view data for a range of members, or create a multiple-selection list.

New advanced selector widget to synchronize members in PAW 93

Applications and Plans

In applications and plans the following enhancements are now available.

Manage email notifications in plans – You can now turn on or turn off email notifications for individual events on the new Notifications tab in a plan. Previously, plan users automatically received email notifications when actions, such as a task submission or task approval, occurred in a plan.

Improved handling of simultaneous actions in plans - Previously, when two users from the same group opened a plan to perform the same action at the same time, such as submitting or approving a task, both actions were recorded in the Submission log. Now, in IBM Planning Analytics Workspace 93, only the first action is logged in the Submission log.


The following changes were made to modeling in Planning Analytics Workspace 93.

Copy and move multiple assets or folders – You can now copy and move multiple assets or folders to a new location on both the Reports and Analysis page and the Data and Models page in IBM Planning Analytics Workspace.

New filtering options available in the dimension editor – Additional filtering options are now available in the dimension editor, which allow you to further narrow the focus of members that are displayed in the editor. Previously, you could filter members in the dimension editor with Filter (optional) or use Search to generate a list of members that match the search term.

New filtering options available in the dimension editor in PAW 93

Replace an existing cube – You can now replace an existing cube with a new cube in the IBM® Planning Analytics Workspace Create Cube menu.

Map to existing dimensions when importing data to the new cube - you can now map to an existing dimension or control dimension when you import data to a new cube.


As you can see there are a few changes in IBM Planning Analytics 93.  Without giving too much away, I believe in the next few updates you will see some major enhancements coming.  Stay tuned for those, you will not want to miss it!

Below are links to some recent blogs on what has been added to Planning Analytics.

What's New in Planning Analytics Workspace 88 and 89

What's New in Planning Analytics Workspace 90

Please reach out to me at to discuss your situation and talk about upgrading your Planning Analytics environment.  We offer some great cost-effective options to upgrade.  Take advantage of our upgrade bundles! I look forward to speaking with you soon!

Lessons Learned from a Close Call with a Sophisticated Phishing Attack

Lessons Learned from a Close Call with a Sophisticated Phishing Attack
Lessons Learned from a Close Call with a Sophisticated Phishing Attack
Written by Heather L. Cole, February 22nd, 2024

Last week brought to light a harrowing experience as Lodestar had a close call with a phishing attack. This close call served as a stark reminder of the sophisticated threats lurking in the digital realm. A routine follow-up with a client on a past due notice took an unexpected turn when communication abruptly ceased, unveiling a sinister plot by a phishing scammer who had infiltrated our email exchange. (Yes, we use Microsoft and leverage multifactor authentication.) The attacker, posing as our team, deceitfully requested a change in the ACH payment details, aiming to reroute a significant sum to a fraudulent account. This revelation came about when an accounts payable person from the client's side raised a red flag about a delayed payment due to supposedly updated bank information.  The accounts payable person had called to validate the fraud and they answered posing as a Lodestar team member.

This incident was a wake-up call, emphasizing the need for heightened vigilance and robust protocols in our interactions. The scammer had crafted emails with such precision, complete with a forged form and a seemingly legitimate bank letter from JP Morgan Chase, that they nearly succeeded in their ploy. Our saving grace was the immediate action taken to clarify the unchanged status of our bank details, a step that prevented a potentially disastrous financial loss.

Hard-Earned Insights

The ordeal shed light on several key lessons:

  1. Verification Protocols: It's imperative to establish stringent verification processes for any changes in account details. In an era where AI can convincingly mimic voices and even create realistic video responses, traditional validation methods may no longer suffice.
  2. Scrutinize Communication Channels: Always verify the authenticity of phone numbers and email addresses provided for financial transactions. An unfamiliar contact detail should raise immediate suspicion.
  3. Payment Validation: Instead of relying on easily accessible information like the last four digits of an account number, request validation of the exact amount of the last payment. This adds an additional layer of security to the verification process.
  4. Training for Vigilance: Educate all team members, especially those in accounts payable, to recognize potential red flags, such as sudden changes in communication style or unexpected requests.
  5. Advance Notice for Changes: Implement a policy requiring a 30-day notice for any changes to payment details, allowing ample time for thorough verification.
  6. Authentication of Bank Letters: If a bank letter is provided, ensure it includes verifiable contact details of the bank representative. A quick call or email to these banking contacts can unveil a fraudulent attempt. Another option is to look the person up on Linkedin, do they exist?
  7. Leverage Technology: Utilize ACH debit controls to restrict unauthorized withdrawals and consider adopting a positive pay system to verify checks before they are processed.

This incident not only highlighted the importance of being proactive in securing financial transactions but also reinforced the value of transparency and communication with clients. By immediately alerting our clients to the potential threat and reaffirming that our banking details had not changed, we strengthened our relationships and collective security.

Moving Forward

In light of this experience, we revisited and fortified our banking procedures, a testament to the continuous need for vigilance in the digital age. This story serves as a cautionary tale and a call to action for businesses to reassess their cybersecurity measures, particularly concerning financial transactions. The sophistication of phishing scams is ever-evolving, and staying one step ahead requires both adopting advanced security measures and fostering a culture of awareness and skepticism toward any unsolicited changes in financial procedures.

Let our story be a reminder of the cunning tactics employed by cybercriminals and the crucial importance of maintaining stringent security protocols. In doing so, we not only protect our assets but also preserve the trust and integrity of our business relationships.

To all our Financial Executive friends, please take a minute to review your procedures for changing bank information.  I am happy to discuss what I almost learned the hard way!

Lodestar is a boutique firm that prides itself on honesty and transparency. Whenever we learn something new, we share it! Be sure to check out other Lodestar Solutions blogs HERE to learn more about better business practices. 

Your IBM Cognos and Planning Analytics Software Deserves More Than Just a Renewal

IBM Support Renewal and Upgrade Bundle
IBM Support Renewal and Upgrade Bundle
Written by Heather L. Cole, February 16th, 2024

Are you navigating the complexities of renewing your IBM Analytics software directly with IBM, perhaps feeling uncertain about whether you're truly maximizing value? Or maybe you're at a crossroads with your current Cognos or Planning Analytics version, aware that it's inching closer to sunset and will soon be unsupported, leaving you in a quandary about finding the time and resources for an essential upgrade. If this resonates with you, it's time to consider a strategic pivot that could redefine your approach to your software renewal and upgrades. I'm Heather Cole from Lodestar Solutions, and we're here to introduce you to a game-changing opportunity that could alleviate your concerns and elevate your analytics capabilities.

Why Shift from Direct Renewals to Lodestar Solutions?

Choosing Lodestar Solutions for your IBM Analytics renewal isn't just about continuing your software support; it's about entering a partnership that extends far beyond a transactional relationship. Unlike direct renewals with IBM, which might offer a straightforward continuation of services, Lodestar Solutions enriches this experience with a suite of added benefits designed to enhance your team's efficiency, knowledge, and strategic insight into using IBM Analytics tools.

Did you know?

IBM offers clients that renew their Cognos, SPSS, or Planning Analytics licensing at the exact same rates that IBM Gold Partners, like Lodestar Solutions offer.  That’s right.  There are no extra savings by going directly with IBM.  However, there is extra VALUE by working with Lodestar Solutions.

Exclusive Access and Support: 

With Lodestar, every renewal comes with membership to our quarterly live virtual client-only user groups, membership in our monthly Analytic Success Klub to develop advanced soft skills, as well as quarterly webinars focusing on maximizing your analytics initiatives, and all clients get semi-annual reviews to ensure your needs are comprehensively met. Our approach is to not just renew but to empower, educate, and elevate your team's capabilities.

Introducing the Technical Upgrade and Support Renewal Bundle

Recognizing the challenges many face with upgrading to the latest versions of Cognos or Planning Analytics—be it due to technical resource constraints, time limitations, or the technical intricacies of an upgrade process—Lodestar Solutions offers a tailored solution: the Lodestar Solutions’ Upgrade and Support Renewal Bundle. This exclusive package is designed specifically for new clients who are at a critical juncture, needing to upgrade their software to stay current and supported.  We have offered upgrade bundles for years, see our blog, Solving the IBM Cognos Upgrade Challenge.  But now we are bundling our bundle with IBM support renewals.

Seamless Upgrade Experience:

Our Upgrade Bundle is the antidote to upgrade hesitations, providing the expert technical support needed to transition smoothly to the latest software version. This ensures you not only stay ahead of the curve with the most advanced analytics tools but also do so with the assurance of continuous support and guidance.

Fixed Rate:

Lodestar Solutions’ Upgrade Bundles provide your upgrades at a fixed rate, so there are no surprises in the cost if there are unforeseen issues with your upgrade.  Lodestar Solutions carries the risk.

Enhanced Value Proposition:

This bundle goes beyond a simple renewal or upgrade; it's a comprehensive solution that aligns with your strategic goals, offering unparalleled value. You'll benefit from our full suite of renewal advantages while ensuring your software remains cutting-edge, all within a framework designed to be cost-effective and supportive of your organizational needs.

Licensing Review:

As part of the bundle Lodestar will provide a complimentary License review to ensure you will not fail an audit, and identify if there is a more advantageous, economical licensing structure you may benefit from.  Did you know IBM clients should expect to be audited by IBM every 3-4 years?   About IBM Audits  You don’t want to fail an audit!

Make the Strategic Pivot Today

If your organization is directly renewing IBM Analytics software and facing the imminent need to upgrade, Lodestar Solutions' Upgrade and Support Renewal Bundle presents an opportune solution. It's an invitation to not just maintain your software but to strategically enhance it, supported by a partner dedicated to your success.

Let's redefine the way you approach your IBM Analytics software renewal and upgrade. Contact Lodestar Solutions at to explore this unique bundle tailored to new clients. 

Act Fast: Your IBM Cognos and Planning Analytics Software Deserves More Than Just a Renewal.  It's time to transition from direct renewals to a partnership that promises more than just continuation but a significant elevation of your analytics capabilities. Join us on this journey and unlock the full potential of your IBM Analytics investment with Lodestar Solutions.