Modern Healthcare Budgeting Must Address New Challenges

The healthcare industry faces new challenges daily. Advancements in care keeps the field exciting and rewarding, while an increased population and a large generation of aging patients make healthcare tough. It isn’t just patient care that makes the field a challenge. The administrative side of healthcare has its own concerns. These concerns aren’t always centered […]

The Importance of Planning and Budgeting Alignment

Few companies open their doors with the intent of staying the same size, or doing the same thing, for the life of the organization. Even the smallest business has a vision for the future of the company. Companies also have a finite number of resources they can apply to running and growing the organization. Budgeting […]

An Open Door – Where Security Falls Short with Excel Budgets

Using Excel for financial functions is on the decline, per the 2018 Benchmarking the Accounting and Finance Function report conducted by the Financial Executives Research Foundation. Many companies moving off Excel cite the need for better collaborative tools and the need to be able to handle larger and larger data sets. Another significant area where […]

The Pros and Cons of Excel for Business Budgeting

Excel is a useful business application –  in truth, enterprises across the business world use Excel on a daily basis for a myriad of tasks. However, the problem with Excel is when companies start using it for things it wasn’t really designed for – like tasks that could be accomplished much more efficiently with a […]

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 […]

6 Telltale Signs it’s Time to Move Beyond Spreadsheets for Business Budgeting

It’s easy to understand why companies turn to spreadsheets for budgeting. The interfaces are familiar. The cost of entry is low. The software is accessible to everyone in the company. But as your company grows, using spreadsheets for business budgeting can cause more problems than they solve. As operations become more complex, so does budgeting […]

IT Budgeting and Asset Depreciation for IT Professionals

When it comes to IT Budgeting and the current assets in your organization (i.e. computers, software etc.), it’s usually a challenge for IT Professionals to work alongside the accounting department. In many cases IT Professionals don’t have experience or expertise in IT Asset Depreciation. Yes! Asset Depreciation, you might be scratching your head wondering why […]

How to Improve Budgeting & Planning Processes (and Why It’s Important)

In every business, decision making, risk management, cash flow, sales and even human resources all depend on budgeting and planning processes. For nearly every organization, accurate and efficient budget and cash flow processes are essential tools for setting and meeting targets. These two core functions of the overall budgeting flow are often time consuming and […]

Why Enter Notes in a Budgeting and Planning Software Application?

The little time you spend entering notes and comments will pay generous dividends when you need to refer to them I spent many years in the software industry. I wasn’t a programmer or software architect, but was very close to many of the technical aspects and got to observe some of the practices used — […]

Planning, Budgeting, & Forecasting: Why Tradition May be Dangerous – Part 1

Be open minded and explore opportunities for change Being part of a consulting firm in the area of accounting and finance I frequently get solicitations by phone and e-mail from vendors of accounting and finance software applications. These are vendors of accounting software, ERP applications, fixed assets management software, manufacturing MRP and other solutions, and of […]