Use Your FP&A Software for Scenario Planning
Get a handle on your plan and budget with multiple budget versions and what-if scenarios The first spreadsheet ever published, Visicalc, developed by Software Arts and published by VisiCorp in 1979 enabled its users to make changes to values in certain cells and have the entire electronic worksheet recalculate itself, almost instantly. Users could enter […]
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Centage is Investing in Our Customer’s Success
Companies around the world and in all industry segments are experiencing uncertain times. Now, more than ever, companies need to be agile with financial planning and have a clear understanding of cash position to navigate and ensure their success. During the past two quarters, Centage made several investments focused on our customers. I’m glad we […]
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Workforce Planning in a Manufacturing Enterprise
How paying attention to workforce planning can positively impact the future financial health of the company Those who analyze personnel expenses quickly realize how big a portion of total company expenses this can be. This is even more so in manufacturing companies where total cost of employment can reach 50% or more of total sales […]
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Never Too Small for Budgeting and Financial Forecasting Software
SMBs can benefit from budgeting and forecasting software to keep their business on the right track. Small and medium business owners have lots of reasons for why they start out on their own. Providing a new and exciting product, seeing an unfulfilled need in the market, or wanting to help other people or businesses be […]
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All About Synchronized Financial Statements – Part 2
Your actual accounting financial statements are automatically synchronized; shouldn’t your FP&A forecasted financial statements behave the same way? In part 1 of this series we saw that whether a company’s accounting processes are manual (please don’t even think of it if you are looking to set up an accounting system for a new business!) or […]
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Automating Variance Reports for Insights
Budget variance reports are a common element in the finance team’s analysis of how the company is doing. Simply put, your variance reports simply show you the difference between what you thought would happen and what did happen. These reports are far more than an illustration of where the company zigged instead of zagged. They […]
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What You Must Know About Financial Statements
Your actual accounting financial statements are automatically synchronized; shouldn’t your FP&A forecasted financial statements behave the same way? As late as the early eighties computerized accounting was only viable, due to large expense and complexity, in large organizations. I remember my first controller job at a small manufacturing company where everything was done manually, from […]
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Why Workforce Planning is Critical During Mid-Year Reforecasting
As your company planned its budget late last year, there was likely some focus on what roles and how many team members would be needed to complete the projects that would move the company forward. As the executive team looks ahead to mid-year re-forecasting, this is an ideal time to also review your workforce planning […]
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Financial Ratios and Loan Covenants – Your Company’s Vital Signs
Pay attention to financial ratios and loan covenants, both actual and forecasted, for a complete assessment of your business’ financial health This has been mentioned before. It is one of the least discussed topics in SMB’s finance and many companies manage to continue operating and even thrive without paying attention to any of this. Sadly, […]
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