Traditional KPIs for CFOs – Why It’s Time to Get the Whole Story

Data matters–especially when it comes to measuring the relative performance of a business. After all, most organizations need to know key business drivers like cash flow, sales and revenue. These numbers – traditional KPIs for CFOs –  make a business tick and are how you judge the relative success of your business, right? Well, not […]

A Guide for QuickBooks Users: Finding the Right QuickBooks Forecasting Software

If your organization already uses QuickBooks, you’ll want to find the right solution that makes forecasting simple, while not disrupting your existing financial planning processes. Here are 4 things to consider when looking for QuickBooks forecasting software. As an organization matures, it inevitably needs access to more sophisticated financial tools that will scale business plans, […]

Make Your Budget Presentation Boardroom Ready

Your teams have spent months creating, adjusting, re-creating and finalizing your budget for the next year. Managers have input their needs and requests for equipment, staff and training. Sales teams have projected their volumes. While not a small feat this year, you’re ready to bring your annual budget presentation to the board. But are you? Is […]

Using Scenario Planning Tools for What-If Analysis

Data has always been a critical piece to the success of businesses. Those who can gather and leverage information about their customers, business operations, sales and so forth, will position themselves well to understand and take advantage of growth opportunities. Data analysis can only do so much to predict the future, however. While understanding that […]

Falling Short – Excel and Financial Reporting Problems

When it comes to financial reporting, Excel is the go-to for many companies, from small start-ups to larger corporations. In fact, the Financial Executives Research Foundation reported that 69% of companies surveyed continue to use Excel as their main tool for budgeting and planning, despite all of the issues with using spreadsheets for this purpose. […]

Big Data and Financial Reporting

Financial reporting has been the life-blood and focus of companies since the beginning of time. A few things have changed though, like the size of the numbers, the technology used to look at them, and how we share that information throughout an organization. But looking at what financials can tell us has pretty much remained […]

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

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 expenses 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 can lead […]

Cash Flow Management: Big Concern for Medium-Sized Organizations

Do you feel like maintaining your cash flow is the biggest challenge your organization faces when it comes to profitability and growth? If so, you’re not alone. The Atradius Payment Practices Barometer survey found that a third of survey respondents felt the same way.  The report also uncovers some of the issues causing these management […]