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

Spreadym

SEPTEMBER 19, 2023

They serve as a benchmark against which actual performance is measured, and any deviations from the budget may require approval or justification. Variance Analysis: Implement a system for regularly monitoring and analyzing budget variances (differences between budgeted and actual figures).

Budgeting 59

Budgeting Forecasting Cash Flow Forecasting Benchmarking 59

Spreadym

JUNE 29, 2023

Review historical data Analyze past revenue performance, identify trends, and understand the factors that influenced revenue generation in previous periods. This analysis helps in setting a baseline for future revenue projections. Targets may be set for the overall organization, specific business units, products, or customer segments.

Planning 52

Planning Forecasting Benchmarking Communication 52

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

Controllers: Companies don’t have access to historical data to benchmark their responses and performance against or help model future scenarios. As the pandemic continues to unfold, finance teams are heavily reliant on Controllers to gather and analyse snapshot data to manage bottom-line projections.

Financial Planning and Analysis (FP&A) 52

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

CFO Leadership

OCTOBER 10, 2023

The latter, for example, is an offering that Bloomberg says can “ bring the full potential of AI to the financial domain ” and create entirely new workflows, economic analyses and financial benchmarks for its customers. Instituting a stable workflow environment around the technology can make the transition easier for everyone.

Financial Planning and Analysis (FP&A) 115

Financial Planning and Analysis (FP&A) Finance Compliance Forecasting 115

PYMNTS

APRIL 15, 2016

But, in the end, it all boils down to relationships, which are based on trust and communication. There is very little use of data in collaboration across the supply chain,” said Barnett, “and data, for these companies, resides in a lot of locations,” which leads to inefficiencies and missed opportunities.

B2B 40

B2B Benchmarking Manufacturing Communication 40