Never Too Small for Budgeting and Financial Forecasting Software

Small and medium business owners have lots of reasons for why they start out on their own. Of all of the reasons to start a business, failing isn’t one. Yet 21% of businesses do that in the first year, and 51% have failed in the first 5 years. As a small business owner, if there […]

What to Look for in a Financial Forecasting Tool

Technology has revolutionized just about every aspect of corporate life, and fortunately for CFOs, that includes the way we can now forecast cash flow statements, balance sheets, workforce expenses, sales and revenue and P&L. What’s particularly exciting is the way technology can automate how financial data flows through models and forecasts, freeing financial teams from […]

Financial Forecasting for Balance Sheets

If you read this blog with any kind of regularity, you know that we feel pretty strongly about the importance of financial forecasting. Budgets are valuable assets, a direct line of sight into the health of your business — as long as you take the time to look at and update your forecasts weekly or […]

Impressions from the First Budget Maestro Annual User Conference

A memorable experience and confirmed realizations I just got back home from the first Budget Maestro Annual User Conference. The event took place at the beautiful Hotel Marlowe in Cambridge, Mass., overlooking the Charles River with the Boston skyline in the background. With hot but otherwise beautiful weather, the conference was off to a great […]

How To Successfully Handle Changes in Customer Demand

I’ve been writing in this blog about how small and mid-sized businesses (SMB) can put Planning Maestro to use and have a year-round practical tool that can be used effectively unlike the “let’s finish the budget preparation chore and shelve it until next year” approach that so many companies unfortunately take. I was using the […]

The Benefits of an All-Encompassing Budget

Why using inadequate tools and approximating the balance of forecasted Balance Sheet accounts is a bad approach for budgeting I recently had a discussion with a colleague who is a partner in a local management consulting firm about organizations’ attitude toward the planning and budgeting process and the benefits they reap from these activities.  I […]

Advantages of Cloud-Based Business Budgeting Software

Using spreadsheets and hard drive-based business budgeting software can keep a large volume of business data organized can be useful, but the advantages of a cloud-based solution are difficult to deny. From maintaining a single streamlined edition of the master file to permitting unlimited users to alter the file and even limiting most individuals from […]

Are you Challenged Managing your Annual Software License Fees Renewals?

How you can have Budget Maestro manage this task with ease and accuracy All organizations rely on software products in their daily operations across all departments and business segments. Enterprise software ranges from ERP, accounting and finance applications to engineering, CAD, CAM, marketing and sales automation and also includes the software I am using to […]

Financial Planning and Analysis – Art or Science?

How technology reduces the “art” element in successful FP&A activities This morning I received an e-mail from Proformative.com inviting me to a webinar titled “The Art (and some Science) of Great FP&A”. I am glad to see a resurgence of such an important facet in any company’s finance department and the increasingly stronger endorsement of this function […]