Choosing the Best FP&A Software

  Whether your company is finally moving from a spreadsheet-based system, looking to migrate from another package, or starting from scratch, purchasing FP&A software is no small undertaking. Even setting cost aside, there are many things to consider when vetting potential FP&A software. Evaluating the software means understanding what it can do for you today, […]

9 Factors to Consider When Budgeting for Personnel Expenses

The largest part of a budget for any industry is personnel expenses. Often, it’s the same for any other type of business. Salaries, hourly, overtime, taxes (employee and employer), 401(k) contributions (theirs with one cap and yours with another), insurance of every flavor- life, medical, dental, etc, charity contributions, employee stock purchases, garnishments, pre-tax items, […]

Five Reasons Why Cloud-Based Business Budgeting Software is Right for Your Organization

There’s no doubt you’ve likely heard of “The Cloud” by now. In fact, most programs and software, from email accounts to banking, run on it now. Cloud-based business budgeting software makes it easy to access information anytime, anywhere with just an internet connection. Over the years, more and more software has become cloud-based. And business […]

Budgeting Season Realities During COVID-19

Amid the COVID-19 crisis, the finance team faces some harsh realities and unique challenges as this year’s budgeting season kicks off. Traditionally starting in Q3, the office of finance must begin the critical budget process with incomplete and potentially inaccurate data and a lack of engagement from their business partners. The CFO and his team, […]

Budget Season First Steps: Team Buy-In

Budget season is one of the most important and challenging times for an organization. One of the biggest hurdles to budget preparation that a CFO can face during this time is getting the organization in sync and prepared to put in the time and effort that a meaningful budget requires. As difficult as this might […]

Digital Transformation and the Evolution of Digital Financial Forecasting

On the surface, digital transformation and the finance function seem like strange bedfellows. Even CFOs may be wondering if the company’s digital transformation efforts will make their lives better. From more agility to better alignment, digital transformation initiatives can only mean better and more accurate forecasting, decision making and planning – the evolution of digital […]

Rolling Forecasts Optimize Business Decisions

Adaptation is a key attribute of survival. That’s true in the jungle, but it’s also true in business, especially with what is going on in today’s modern world. It isn’t just that the speed of business has increased. It’s also that businesses need to be ready to change rapidly for their own survival. Which is […]

Three Tips to Improve Your Cash Flow Forecast

Having a solid grip on your cash flow forecast and reporting is one of the most important factors for any business to track. And given the current climate, paying attention to cash flow has become even more vital than ever. For many businesses, having an accurate cash flow forecast can help to avoid potential cash […]

How to Use Your Budgeting Tool for What-If Analysis and Make Faster, Better Decisions

The budgeting process for most companies occurs over several months. You prepare the budget model by adapting last year’s Excel spreadsheets, plan and distribute them to each department head, and answer their questions about how to use it. Then, once they’re done, you consolidate all of those spreadsheets together to create your overall budget. This […]

A Recipe for Cash Flow Problems: Stale Forecasts and Overdue Invoices

Having a strong positive cash flow is the goal of every business. Knowing that you’ve got the resources available to run your business and handle any unexpected cash flow problems helps business owners sleep at night. The question is, how do you maintain that flow once you’ve got it established? There are two scenarios that […]