Never Too Small for Budgeting and Financial Forecasting Software
Small and medium business owners have lots of reasons for why they start out on their own. Of all of the reasons to start a business, failing isn’t one. Yet 21% of businesses do that in the first year, and 51% have failed in the first 5 years. As a small business owner, if there […]
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Falling Short – Excel and Financial Reporting Problems
When it comes to financial reporting, Excel is the go-to for many companies, from small start-ups to larger corporations. In fact, the Financial Executives Research Foundation reported that 69% of companies surveyed continue to use Excel as their main tool for budgeting and planning, despite all of the issues with using spreadsheets for this purpose. […]
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Forbes Feature: Why The CFO’s Role Is More Crucial Than Ever, An Interview With Centage’s John Orlando
In a recent interview for Forbes, Centage EVP & CFO, John Orlando, speaks to Jeff Thompson about the impact of technology on the finance industry and how this has ultimately transformed the role of the CFO in the workplace. “Today’s CFO needs to be involved in the interactions among every aspect of the company—sales, marketing, […]
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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 […]
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The Dangers of Manual Spreadsheet Reconciliation
At the end of every month, quarter and year, finance teams across the globe spend thousands of hours reconciling spreadsheets manually to close out company books in Excel. If this includes your company, don’t worry, you’re not alone. In fact, according to the Robert Half and Financial Executives Research Foundation benchmarking study from 2016, 52% […]
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Big Data and Financial Reporting
Financial reporting has been the life-blood and focus of companies since the beginning of time. A few things have changed though, like the size of the numbers, the technology used to look at them, and how we share that information throughout an organization. But looking at what financials can tell us has pretty much remained […]
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Dashboards Provide Financial Reporting That is Pretty as a Picture
Mature businesses, regardless of size, know that understanding their customers, their industry, and their partners is important to being successful. They also know that long gone are the days of having a gut feeling about what works for each of those groups. Customers perpetually surprise us with what they need and want. Even the most […]
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The Value of Self-Service Financial Reporting
Financial reporting is a critical task for any organization. Understanding where your actual financials stand in relation to budgets and projections is important to keeping your business on track and in helping to create new projections and budgets. Yet the modern business environment is much more fluid than the occasional re-aligning with budgets allows for. […]
Learn MoreAnalytics vs. Financial Reporting (Part 2)
Two seemingly similar processes with very different purposes and outcomes In the first part of this article we saw the distinct differences between reporting and analytics, the purposes they serve and the large amounts of data used in both processes. So what do you do with this data? First, GL data is used to construct […]
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