Jedox Finance

APRIL 8, 2021

It also needs to be based on insights from data. Effective decision-making must be based on data analysis, decisions (planning) and the execution and evaluation of the decisions and its impact (forecasting). Analyze: Using information and knowledge from the data the organization collected over time.

Data Analysis 89

Data Analysis Forecasting Analyzing Data Budgeting 89

Boston Startup CFO

FEBRUARY 1, 2023

Creating a cash flow forecast : A cash flow forecast is a projection of your expected cash inflows and outflows over a certain period of time. A CFO can help you create a cash flow forecast to give you a better understanding of your cash flow needs and help you plan for the future.

CFO 40

CFO Startups Cash Flow Forecasting Budgeting 40

Centage

SEPTEMBER 27, 2022

Also known as FP&A, financial planning and analysis refers to various planning and budgeting activities that help a company to make savvy decisions regarding its long-term goals. By identifying budget variances, companies can better assess how changes will cascade through the rest of the fiscal year. Greater Accuracy.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Financial Reporting Forecasting Budgeting 52

Collectiv

JUNE 13, 2023

Additionally, the manual nature of these spreadsheets makes the process prone to human error when inputting, interpreting, and distributing data. By contrast, a tool like Power BI makes it easier (and quicker) to reliably collect, organize, and analyze data.

Nonprofit 52

Nonprofit Leverage Budgeting Analyzing Data 52

The Finance Weekly

AUGUST 30, 2022

Today, the average FP&A analyst , only spends 25% of their time analyzing data , while the other 75% of their valuable time is spent on activities such as collecting and cleaning the data. Many of the forecasting reports need to be built individually from scratch instead of having prebuilt templates to choose from. #3

Financial Planning and Analysis (FP&A) 95

Financial Planning and Analysis (FP&A) Budgeting Analyzing Data Startups 95

The Finance Weekly

NOVEMBER 8, 2022

From accounting and payroll management to budgeting and forecasting, finance is the reason and numbers behind every bit of data that passes through the organization. All of this allows finance professionals to spend more time analyzing data instead of conducting manual and repetitive work. Low implementation times.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Finance Accounts Payable Invoicing 98

PYMNTS

SEPTEMBER 4, 2019

Using accounts receivable data to accelerate the order-to-cash cycle is only part of the broader picture of cash flow management — and indeed, AR data is only part of the solution to enhanced cash flow forecasting. But that data is siloed and often unstructured. The Financial Consequences.

Cash Flow Forecasting 61

Cash Flow Forecasting Accounting Forecasting Accounts Payable 61

Planful

MARCH 18, 2019

Department Budget vs. Actual Reports. Every department in the business is responsible for a budget. Throughout the month, department managers need help from the FP&A team to understand how actuals are tracking against their budget targets. Short Term Cash Flow Analysis & Financial Forecasting Reports.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Financial Reporting Cash Flow Forecasting Budgeting 40

The Finance Weekly

AUGUST 30, 2022

Today, the average FP&A analyst , only spends 25% of their time analyzing data , while the other 75% of their valuable time is spent on activities such as collecting and cleaning the data. Many of the forecasting reports need to be built individually from scratch instead of having prebuilt templates to choose from. #3

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Startups Budgeting Analyzing Data 52

Planful

FEBRUARY 2, 2017

To support this, EPM includes the following management processes: Budgeting, planning, forecasting and modeling. Analyzing performance vs. plan, prior years, across divisions or products. Packages such as Hyperion Pillar helped manage the process of budgeting and planning across the enterprise.

Budgeting 40

Budgeting Forecasting Analyzing Data Finance 40

Centage

AUGUST 1, 2023

Getting ready for budget season is a big task. If you don’t handle it effectively, you can struggle through the process to create a workable budget. Budgeting probably won’t be fun. Leaders would most likely rank “budget season” far down on the list of favorite times of the year.

Budgeting 98

Budgeting Financial Planning and Analysis (FP&A) Benchmarking Communication 98

Planful

APRIL 29, 2021

Navigating unprecedented events requires looking at the most recent data impacting your company. Dr. Barry Keating, professor of business economics and predictive analytics at Notre Dame, recommends “nowcasting” —conducting short-term forecasting with very recent data. Ed Goldfinger , CFO at Quantum Metric, agrees.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) CFO Finance Analyzing Data 40

Centage

AUGUST 24, 2022

For example, Price Family Vineyards & Estates was managing budgets across four entities with Excel. Each of the wineries had its own LLC and individual budget. As the businesses grew, it became more challenging to consolidate financial statements and manually prepare budgets promptly.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Budgeting Forecasting Analyzing Data 98

Jedox Finance

AUGUST 6, 2019

In the past, what made you a successful FP&A professional was your technical skills like Excel modeling and ability to analyze data. A radically different skills model. To some extent that will always be the backbone of FP&A, yet they are not the determinants for your future success.

CFO 52

CFO Analyzing Data Communication Finance 52

The Finance Weekly

DECEMBER 20, 2023

Task Automation Workforce planning tools help streamline tasks by automating processes such as demand forecasting, supply analysis, and scenario planning. In uncertain business landscapes, companies using workforce planning solutions gain a competitive edge by making faster, data-driven decisions. Self-service planning.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Planning General Ledger Budgeting 52

The Finance Weekly

DECEMBER 20, 2023

Task Automation Workforce planning tools help streamline tasks by automating processes such as demand forecasting, supply analysis, and scenario planning. In uncertain business landscapes, companies using workforce planning solutions gain a competitive edge by making faster, data-driven decisions. Self-service planning.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Planning General Ledger Budgeting 52

Jedox Finance

MARCH 7, 2023

Retailer accelerates budgeting and reporting 2. Chemical manufacturer plans for any scenario Integrating cross-organizational data 3. Cleantech provider integrates data seamlessly 4. Wholesale data was extracted and stored separately, and running macros took up to one hour during the planning and budgeting process.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Forecasting SAP 52

Centage

DECEMBER 13, 2021

Now more than ever, FP&A teams need to forecast, budget and plan on a monthly, and sometimes even a weekly, basis, but for many, that’s a tall order, especially if they rely on spreadsheets to reforecast and provide strategic advice on a regular basis. Challenge #2: data is critical but it’s everywhere and it’s not connected.

Financial Planning and Analysis (FP&A) 84

Financial Planning and Analysis (FP&A) Technology Forecasting Budgeting 84

Jedox Finance

APRIL 9, 2020

A modern enterprise performance management solution helps decision makers to prepare and analyze data and share insights. Plans and budgets can thus be continuously and automatically adjusted to take account for rapidly changing circumstances. Better agility increases resiliency.

Analyzing Data 84

Analyzing Data Budgeting Economics Planning 84

Collectiv

NOVEMBER 16, 2021

Highlighting budget changes on a certain project. Analyzing inventory, impact, price, and/or volume. Microsoft’s built-in KPI visualization allows you to take one number— a forecast or a budget—and compare it against itself. Maps allow users to efficiently interact with your data or drill into the data.

Financial Reporting 75

Financial Reporting Profit and Loss Budgeting Analyzing Data 75

The Finance Weekly

NOVEMBER 27, 2022

Implementing xP&A allows planning, forecasting, analytics, and all of the other benefits of FP&A to reach all of the operational departments in the company. Not only does this approach help everyone be more connected to company data and goals, but it also eliminates the traditional barriers between finance and operations.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Planning Forecasting Leadership 52

The Finance Weekly

MARCH 22, 2022

But the consensus in corporate finance is that FP&A describes plan creation (mainly financial), analyzing data, and interpreting its meaning with the aim of providing senior management with information to support strategic leadership and operational decision-making. Enhancing Forecast Accuracy.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Forecasting Corporate Finance Analyzing Data 52