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 […]

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 […]

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 […]

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 […]

How to Easily Manage Software License Renewals

How you can have Planning 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 […]