How Excel Spreadsheets Can Create a Data Security Risk for Businesses

As a business owner or chief financial officer (CFO), spreadsheets may be an important part of your financial forecasting, planning, and budgeting processes. While spreadsheets are commonly used and easy to modify, they are not designed to store and protect sensitive information. So, why are so many companies relying on them to handle their financial […]

Making the Move: Cash Flow Forecasting Tips for Turbulent Times

cash flow forecasting

Call it a recession, a weak economy, or just “tough times”. The fact is there is great potential for turbulent times ahead for many small and mid-sized businesses. With less cash to count on, knowing your cash flow position with cash flow forecasting has never been more important: how much is really in the bank, how […]

What You Need to Know: Rolling Budgeting, Rolling Financial Forecasting, and Mid-Year Forecasts

Rolling Budgeting, Rolling Forecasting, and Mid-Year Forecasts

The current economic circumstances haven’t just resulted in financial uncertainty for millions of Americans. They’ve also helped reveal the problems inherent in conventional budgeting methodologies. If companies want to improve their ability to anticipate future successes and failures, they need to adopt new means of prediction.  With rolling forecasts, businesses can gain better insight while […]

Strategic Budgeting and Forecasting: Five Questions to Consider

While spreadsheets have long reigned supreme as the foundation of budgeting and forecasting for many organizations, the shortcomings of this legacy, siloed tool have become too hard to ignore. Relying on archaic spreadsheets to guide complex business models automatically puts your organization at a disadvantage – sacrificing time and accuracy while stunting strategic decision making. […]

The Power of Business Intelligence for the Office of Finance

We’ve all been there. You’re reviewing the results with your sales team, and you find that one of the team members is 20% below their sales goal for the quarter – and you want to know why. While you may know what went wrong – “Several orders pushed”, “I lost an important deal”, or “My […]