Spreadym

SEPTEMBER 19, 2023

Budgeting and forecasting in business are both financial planning tools used by businesses, but they serve different purposes and have distinct characteristics. Here's an overview of the key differences between budgeting and forecasting. Forecast: Forecasts are not used for performance measurement in the same way as budgets.

Budgeting 59

Budgeting Forecasting Cash Flow Forecasting Benchmarking 59

Centage

JANUARY 18, 2024

Stronger interdepartmental communication and collaboration is a good benchmark to set as a best practice for this year. Here are some more key practices that leverage technology to enhance collaboration, streamline accurate forecasting and reporting, and unlock more time for high-value strategic analysis.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Data Analysis Leverage Risk Management 40

Collectiv

JUNE 13, 2023

This is a lofty goal when you consider the need to grow the organization, nail down logistics, and maintain a strong connection with your community. Data analysis is a treasure trove for non-profits. It makes the large feat of making a positive impact on your community or even the world much more manageable.

Nonprofit 52

Nonprofit Leverage Budgeting Analyzing Data 52

Future CFO

AUGUST 30, 2021

These days, strong computer skills, as are advanced knowledge of accounting, budgeting, and finances. Controllers: Companies don’t have access to historical data to benchmark their responses and performance against or help model future scenarios. But these are table stakes of the profession.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance CFO Problem Solving 52

Future CFO

MAY 26, 2020

Asked what the priorities of the financial planning and analysis teams were in 2018, three-quarters of CFOs surveyed by FutureCFO between March and April 2020 picked planning, budgeting and forecasting as a key function of the department. Arno Wiedijk, regional finance director, Asia Pacific, TMF Group.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Treasury Education 52

Planful

DECEMBER 28, 2016

This includes finalizing the budget as well as considerations for upcoming regulatory changes. Late-arriving or incorrect data. Communication gaps. The Hackett Group benchmark research shows that world-class companies will consolidate and close the month-end books within 3 days, and report within 2 days. Staff burn-out.

Benchmarking 40

Benchmarking Reconciliations Data Analysis Technology 40

Fpanda Club

FEBRUARY 5, 2024

Among those who rest, 20% are data overloaded because of poor data governance and several conflicting data sources, 25% can’t get the data they need and over 30% don’t possess technology, tools, or resources to exploit the data they have. Vena Industry Benchmark Report 2022. Gartner, 2018.

Finance 130

Finance Analyzing Data Benchmarking Communication 130