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5 Excel-heavy Pain Points still Dragging down finance teams in 2025

The Finance Weekly

However, even with these advanced ERP systems and other third-party software products, most small to large businesses still must manually use Microsoft Excel (Excel) for financial analysis, reporting, and other activities. You’ll need to first find the data, export the information needed, and then dump it into Excel.

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Generative AI is a game changer

Future CFO

Is it there to replace the seasoned financial professional? Yes, in the sense that there are a lot of analyses that can now be handled by Gen AI and No, because it transforms accountants from number crunchers to strategic advisors. It still needs a level of financial acumen to probe the data and ask the right questions to the system.

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The 5-Minute Guide to Nonprofit Finances

The Charity CFO

Even on nonprofit financial committees, some members may be skilled in accounting, others in banking, and others in investing or financial analysis. But if you bring zero experience in accounting or financial management to your organization, that’s okay. In most cases, these include an annual audit and federal tax return.

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Where Can FP&A Career Path Take You?

Fpanda Club

Planning, budgeting and forecasting are linked together forming financial planning processes. Financial analysis is a type of economic analysis based on the financial data and focused on the assessment of stability and evaluation of profitability of a company, business or project.

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What to expect from accounting firms specializing in nonprofits

The Charity CFO

Financial forecasting services can also help you plan for the future. Financial Analysis Financial analysis can provide valuable insights into your nonprofit’s financial performance. They can also provide recommendations on how to improve your financial reporting processes.

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Tracking changes in Excel spreadsheets

Spreadym

However, this approach is fraught with a number of problems that can greatly complicate the planning and budgeting process. The final file does not provide the possibility of auditing and tracking changes. Comprehensive enterprise performance management software (or EPM) includes the tracking function.

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Turning challenges into opportunities: being a financial controller in 2024

Future CFO

As the person responsible for preparing an organisation’s financial reports, which include balance sheets and income statements, the role of a finance controller is anything but ordinary. She adds that impeccable financial analysis is key as effective communication and relationship-building skills foster an innovative and inclusive culture.