The Role of Top-Down vs. Bottom-Up Business Budgeting in Modern FP&A
Business budgeting is a crucial factor with the ability to impact a business’ long-term success or failure. Along with providing important information regarding day-to-day operations, an accurate budget better enables companies to predict revenue, trim costs, and make decisions regarding expenditures and opportunities. Although there are multiple ways to craft a business budget, most companies […]
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Meet the Maestros w/Kate Drenckhahn, Senior Product Manager
Kate Drenckhahn is Centage’s Senior Product Manager focused on the strategic planning and execution of new and existing Planning Maestro functionality. Kate brings a strong background in the application development lifecycle with over 20 years of professional experience in Fintech and SaaS delivery to the Centage product team. This includes a variety of leadership and […]
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Making the Move: Cash Flow Forecasting Tips for Turbulent Times
Call it a recession, a weak economy, or just “tough times”. The fact is there is great potential for turbulent times ahead for many small and mid-sized businesses. With less cash to count on, knowing your cash flow position with cash flow forecasting has never been more important: how much is really in the bank, how […]
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Plan for Today to Better Prepare for Tomorrow: Rolling Budgets & Rolling Forecasts
For most businesses, the current economic circumstances – and looking at what may lay ahead – haven’t just resulted in financial uncertainty, it’s also brought to light the inherent challenges with using conventional budgeting methodologies to track and anticipate future business performance. If companies want to be prepared for the months and years ahead and […]
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The Case for Data Integrations in FP&A Platforms
Business leaders need real-time insight into the business and how it’s performing. Specifically, they need to identify emerging trends — both positive and negative — as early as possible so that they can conduct what-if scenario testing, and make smarter and faster decisions about possible pivots. Static reports can’t meet this need. To begin, they’re […]
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Best Practice Tips to Impress in the Role of CFO
Once upon a time the role of CFO was focused on backward-looking data. However, these days, chief financial officers do a great deal more than financial reporting. Along with tracking cash flow and providing timely information, the best CFOs are strategizers, analyzing a company’s strengths and weaknesses from a financial perspective and helping direct decision […]
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How to Create a Flexible, Agile FP&A Function
Just as content is king in the world of marketing, when it comes to financial decision-making, data is everything. Unfortunately, many of today’s small and medium-sized businesses are making choices based on tools that lack the sophistication to provide accurate, up-to-the-minute information. If you want to outsell the competition, then upgrading your financial planning and […]
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What You Need to Know: Rolling Budgeting, Rolling Financial Forecasting, and Mid-Year Forecasts
The current economic circumstances haven’t just resulted in financial uncertainty for millions of Americans. They’ve also helped reveal the problems inherent in conventional budgeting methodologies. If companies want to improve their ability to anticipate future successes and failures, they need to adopt new means of prediction. With rolling forecasts, businesses can gain better insight while […]
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What SaaS Really Means for Modern FP&A
As a business leader, you’ve probably heard the term SaaS (Software as a Service) but may not fully understand what it means for finance teams or how it can enable you to run your company more efficiently and effectively. Given the current business environment, today’s finance leaders need to be agile and adjust their technology […]
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