Why Financial Forecasting Is More Important Than Your Annual Budget

Once upon a time, businesses were satisfied with creating an annual budget. You used your budget as a measuring stick to gauge performance against assumptions made months ago. You celebrated if you were on target; and if you were off the mark, you brainstormed ways to make up the difference. If your board asked you […]

The Value of Optimizing Your Cash Flow Forecasting Process for Future Success

Businesses talk a lot about budgets, revenue projections, and actuals. However, having a solid grip on your cash flow forecasting and reporting is one of the most important factors for any business to track. And given the current climate, paying attention to cash flow has become even more vital than ever. Even profitable businesses can […]

Five Plays for Intelligent Financial Forecasting

Is your budget a chore you complete once a year, or an asset that you consult regularly and use to course correct as conditions change or new trends emerge? Intelligent Financial Forecasting In today’s dynamic business environment, it’s important to keep close tabs on business performance.  We passionately believe that every organization will reap significant […]

How to Maintain a Positive Cash Flow

The success of a business may be more elusive than expected. While your business may appear to be successful under the guise of profits, it may actually be in danger without stringent cash flow management practices. A business that dispenses more cash than it accrues may be fated for bankruptcy despite demonstrated profitability. Nearly a […]

Digital Transformation and the Evolution of Digital Financial Forecasting

On the surface, digital transformation and the finance function seem like strange bedfellows. Even CFOs may be wondering if the company’s digital transformation efforts will make their lives better. From more agility to better alignment, digital transformation initiatives can only mean better and more accurate forecasting, decision making and planning – the evolution of digital […]

A Guide for QuickBooks Users: Finding the Right QuickBooks Forecasting Software

If your organization already uses QuickBooks, you’ll want to find the right solution that makes forecasting simple, while not disrupting your existing financial planning processes. Here are 4 things to consider when looking for QuickBooks forecasting software. As an organization matures, it inevitably needs access to more sophisticated financial tools that will scale business plans, […]

Rolling Forecasts Optimize Business Decisions

Adaptation is a key attribute of survival. That’s true in the jungle, but it’s also true in business, especially with what is going on in today’s modern world. It isn’t just that the speed of business has increased. It’s also that businesses need to be ready to change rapidly for their own survival. Which is […]

Three Tips to Improve Your Cash Flow Forecast

Having a solid grip on your cash flow forecast and reporting is one of the most important factors for any business to track. And given the current climate, paying attention to cash flow has become even more vital than ever. For many businesses, having an accurate cash flow forecast can help to avoid potential cash […]

A Recipe for Cash Flow Problems: Stale Forecasts and Overdue Invoices

Having a strong positive cash flow is the goal of every business. Knowing that you’ve got the resources available to run your business and handle any unexpected cash flow problems helps business owners sleep at night. The question is, how do you maintain that flow once you’ve got it established? There are two scenarios that […]