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Budget Tracking for Nonprofits

The Charity CFO

Budget tracking is the process of monitoring your nonprofit’s income and expenses to ensure they stay within your planned budget. Effective budget tracking is essential to financial transparency, efficient resource allocation, and strategic planning for your nonprofit. But your budget shouldn’t be a “set it and forget it” plan.

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CFO budget 2023: What’s unlikely to get cuts

Future CFO

When it comes to CFO budget 2023, only 7% of finance leaders plan to cut customer service spending over the next 12 months, said Gartner recently. CSS leaders should therefore prioritise the technologies that meet these criteria to make the strongest case for investment when it comes to CFO budget 2023, the research firm advised.

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Holding Onto Your Marketing Budget in a Downturn

CFO News Room

But more importantly, marketers know from experience that when the economy turns, their budget is an easy target. During the pandemic, we saw numerous productive marketing advances, many of which were long overdue — from more agile budget allocation to accelerated digital transformation connecting marketing and e-commerce.

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Union Budget 2022| Impactful long-term growth-oriented Budget: Mohit Malhotra, CEO, Dabur

CFO News Room

Finance Minister Nirmala Sitharaman’s shortest Budget ever may not have met the general expectations of being a short-term consumption booster, but it surely has all the right ingredients for becoming an impactful long-term growth-oriented move. Also Read | Union Budget 2022: Solar PLI scheme corpus grows over five times to Rs 19,500 crore.

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Union Budget 2022-23: Govt maintains focus on sector

CFO News Room

While the sizeable increase in infra spend and sectoral initiatives in Union Budget augur well, there is need for policy reforms that help create a robust private investment ecosystem. Both of these would be addressed through the Gati Shakti initiative which is one of the cornerstones of Budget 2022-23.

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CFO investment: More to raise their budgets for digital capabilities in FY21

Future CFO

A Gartner survey on CFO investment indicates that 82% of respondents plan to increase their budgets for digital capabilities in in FY 2021 compared to FY20. CFOs need a clear digitalisation language and vision to focus their teams on the key investments and initiatives required to accelerate transformation,” she advised.

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CFO focus 2022: Improve flexibility of budgeting and forecasting

Future CFO

The top CFO focus for 2022 is improving the flexibility of budgeting and forecasting, according to a September 2021 survey of 251 CFOs and other finance leaders by Gartner. The annual budget plan is a convenient starting point but the way an organisation uses money throughout the year is far from static,” Vakil pointed out.