Three Steps to Optimizing Business Budgeting with Intelligent Technology

The business budgeting process – it’s something every business has to do, yet many struggle. And especially with the uncertainties of today, it’s even more challenging.  More often than not, managers and CFOs get bombarded with multiple meetings, data sets and wait times before the process even begins. That’s not even counting the endless man […]

CFO as CIO: Merging Roles in a New Era

Even before this economic season, some organizations had started to consolidate their senior leadership teams by expanding the role of Chief Financial Officer to include the responsibilities of the Chief Operations or Chief Information Officer. Stericycle and PepsiCo Inc. are some of the most recent companies to make this move. Why? Merging roles saves on expenses from salaries to […]

Business Budgeting 101: Why a Driver-Based Budget Is Right for Your Organization

For many organizations, there’s often a gap between the business budgeting and planning process and actual strategy and execution. When this occurs, budgeting and operating strategies aren’t coordinated, which can lead to errors, not only in the projected budget but in decision-making, as well. Clearly, this is not something any organization wants to experience. As […]

Cloud Analytics: Building Your Financial Tech Stack in 2019

The modern Office of Finance has changed dramatically as finance teams have gained greater access to information and tools that help them be more efficient. The role of the finance team has moved from a transactional one to being at the center of strategy and decision making for the organization. In particular, analytics tools have […]

Making the Business Case for FP&A Software

If you’re looking to convince your organization that there is a need for FP&A software, it may seem like an uphill battle. For many organizations, Excel is deeply embedded in the planning and budgeting process. Convincing your company to spend money on new software when there is, essentially, free software that is doing the job […]

Beware the Error: How Spreadsheets Can Ruin Trust with Leadership

Any leader will tell you that trust is a critical component of business. Customers respond positively to businesses they trust, and abandon those they don’t. Good managers spend at least part of their day building and establishing trust with their employees. Employees know that company leaders need to trust them to do their jobs, and […]

The Dangers of Manual Spreadsheet Reconciliation

At the end of every month, quarter and year, finance teams across the globe spend thousands of hours reconciling spreadsheets manually to close out company books in Excel. If this includes your company, don’t worry, you’re not alone. In fact, according to the Robert Half and Financial Executives Research Foundation benchmarking study from 2016, 52% […]

The Value of Self-Service Financial Reporting

Financial reporting is a critical task for any organization. Understanding where your actual financials stand in relation to budgets and projections is important to keeping your business on track and in helping to create new projections and budgets. Yet the modern business environment is much more fluid than the occasional re-aligning with budgets allows for. […]

Cash Flow Planning is a Company’s Secret Weapon Against Disruptors

The business world is no longer occupied with mere startups. Instead, we live in the age of disruptors – small, agile organizations with big ideas that are changing the world and the market that they are part of with new ideas and rapid adaptation to customer demand. Larger companies don’t always have the ability, or […]