The Budgeting and Forecasting Process – All You Need to Know

For business leaders, improving the efficiency of internal processes is a top priority – especially in today’s dynamic business environment. The budgeting and forecasting process is no exception as it provides strategic insights that support decision making and goal setting – both of which are critical elements of a company’s success, especially during times of […]

Forever Changed: The Rise of Cloud FP&A for Business Budgeting

As we mentioned in our last blog, there really is no going back to the old way of business budgeting and planning, which is why FP&A professionals refer to the current state of finance as the new normal. And one of the reasons the ‘new normal’ will remain is that budgeting and planning were headed […]

Forever Changed: Business Budgeting for SMBs

For decades, the finance team’s professional lives were governed by a fifth season: Budgeting. In late-summer team members began meeting with General Managers and department heads as part of the business budgeting process to assess revenue and expenses over the past 12 months, and make predictions as to what will happen in the future. That […]

Driver-Based Planning: The Benefits & The Barriers – Is It Right for Your Organization?

As CFOs and budget managers have continued to take more important roles in operations and decision making across organizations, so too has the budgeting and planning process evolved. This is where driver-based planning has achieved more traction over the traditional annual budgeting and planning process in many businesses. A driver-based approach works to identify key […]

The New Normal: Financial Consolidation and Data Transformation

2020: The Year Everything Changed In the pre-pandemic world, most companies consolidated their financial statements on a quarterly basis. Aggregating the assets, liabilities, expenses, cash flow and P&L across subsidiaries, divisions and product lines is simply too manual and time-consuming a process to create consolidated financial reports more frequently. Infrequent financial consolidation isn’t an ideal […]

4 Ways FinTech Can Help Improve Your Business’s Financial Situation in 2021

Fintech is a buzzword that you likely have heard thrown around the business sphere over the last ten years or so. If you don’t know yet, Fintech, or financial technology, is any piece of technology that is intended to improve financial processes. After the global financial crisis that took place in 2020, many businesses are […]

Meet the Maestros – Samantha Benson, Manager of Support Services

Samantha Benson recently joined Centage as Manager of Support Services and leads our Customer Support team. Samantha brings a strong background of almost a decade in customer success, support, and client services, specializing in the SaaS B2B industry. This includes a variety of roles at local SaaS companies such as PG Calc and Profitero. Most […]

Rebuild in 2021: Focusing on Business Finances in a World Transformed by the Pandemic

If you’re in business, you’re probably wondering, “What now?” Last year threw everyone a huge curveball with the worst health crisis in a century, and it isn’t over yet. As 2021 begins, cases are continuing to spike, and deaths are continuing to rise. But with vaccines rolling out (and they can’t come fast enough) alongside […]

FP&A Transformation: Adapting to the New Normal

We’ve brought together two senior members of our Consulting team who work with and support our customers on a daily basis to share what they are learning about how Finance teams are adjusting their processes, priorities and goals for the year ahead. Olga Melnik and Lori Murphy are both Directors of the Centage Consulting Team.   […]