The Centage team understands the key financial and managerial challenges in your business and we are committed to helping you meet them. Included on this page are links to white papers, eBooks, and articles on budgeting and planning topics relevant to your business.
Budgeting in the Age of Intelligent Planning
Budgets are an initial stake in the ground, developed by finance teams who comb through historical data, solicit input from functional stakeholders, make assumptions as to what will happen over the next 12 months and forecast how those assumptions will affect the business financials. Most CFOs agree that although their budgets are out of date after the first month of actuals roll in, the process of creating a budget is a strategic exercise, one that helps the management team set goals for the company and communicate to them throughout the organization. By treating the budget as a strategic asset – updating and reforecasting it each month as actuals come in – the budget will provide a means for accurately measuring success. It will also serve as a tool to indicate where pivots in strategy are warranted.
The Forecasting Revolution
Business plans are painstakingly built over the course of three to six months. CFOs pore over historical data and meet with division heads, corporate executives and the Board to document the goals, aspirations and challenges of the company. But once the first month goes by and the initial set of results come in, that plan is out of date and forecasting takes over.
In an ideal world, business planners compare actuals to plan, course correct and reforecast on a monthly basis so that they can assess if their course corrections are delivering desired results. At its best, forecasting is an iterative process that helps business planners keep a tight watch on the health of the company. In today’s uncertain economic and political environment, the forecast is everything.
Transitioning from Spreadsheets to Specialized Budgeting and Forecasting Software – A Practical Guide
The scenario is familiar to many FP&A professionals; “I was trying to apply sophisticated best practices using spreadsheets. The plan became unwieldy and my team was forced to spend an inordinate amount of time manually reconciling data from multiple sources.” In this eBook we detail the benefits delivered by a new generation of applications. We also propose a practical road map to a budgeting and planning solution that enables more collaboration, control, accuracy and compliance.
Risk and Reward: Using Spreadsheets for Budgeting and Forecasting
Most businesses use spreadsheets for budgeting and forecasting. While it does provide a valuable service to finance executives for one-off spreadsheet creation, the creation of balance sheets, forecasts and profit and loss statements that flow from an organization’s general ledger must be immediate and 100% accurate. This eBook discusses the issues with spreadsheet-centric budgeting and the business advantages of application software built and optimized for budget and forecast creation, management and long-term financial planning.
- How Excel falls short
- Real-Life examples
- Benefits of Forecast and Budgeting software
- Checklist for moving to Forecast and Budgeting software