Centage

DECEMBER 1, 2021

If your board asked you to run new numbers based on fresh assumptions, it took you days or weeks to create a new set of reports. But times have changed – which is why financial forecasting is more important than your annual budget. Executives and boards of directors need answers today to ensure they’ll stay competitive tomorrow.

Forecasting 98

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

Creative CFP

AUGUST 11, 2020

It is a temperature check of the overall health of your business, although the numbers are just one tool in the analytical process. ? A large increase in sales is likely to increase trade debtors and inventory, which puts a strain on cash, perhaps even creating the need to initiate or increase debt. What can sales growth tell you?

Investments 52

Investments Accounts Payable Benchmarking Cash Flow Forecasting 52

Future CFO

DECEMBER 26, 2019

For example, using data and advanced statistical methods, accountants have access to AI-powered cash flow forecasting tools on cloud accounting platforms. Pacesetting practices are those that make up the top 15% of the market and boast high growth and revenue rates, serving as a benchmark for other firms.

CFO 40

CFO Compliance Cash Flow Forecasting Benchmarking 40

PYMNTS

NOVEMBER 28, 2017

.” Use cases for data analytics are practically limitless, but one area that Rathmann said is key to the small business is being able to benchmark financial positions and compare data to industry peers. Should I be managing this number, versus saying, ‘Okay, this is in-line?'” “Is that above normal?

Financial Reporting 45

Financial Reporting Accounting Benchmarking Forecasting 45

The Charity CFO

APRIL 28, 2023

They can help you develop budgets, financial projections, and cash flow forecasts to ensure your nonprofit is financially sustainable. They can also provide financial reports that show how your organization is performing and how it compares to industry benchmarks.

Nonprofit 52

Nonprofit Accounting Firms Accounting Auditing 52