AI dominates CFOs’ 2024 budget hike plans
CFO Dive
FEBRUARY 13, 2024
The vast majority (90%) of finance leaders are projecting higher AI budgets in the coming year, with none planning a reduction, Gartner found.
How AI is raising the bar for CFO budget planning
CFO Dive
DECEMBER 12, 2023
AI can analyze vast amounts of financial data to predict trends, model budget scenarios, and deliver insights, writes Falconi’s Bernardo Miranda.
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Budget Tracking for Nonprofits
The Charity CFO
FEBRUARY 27, 2024
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.
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Grant Budgeting Mastery: Top Tips for Staying On Track
Capital CFO LLC
MAY 9, 2024
Navigating the complexities of grant budgeting is akin to captaining a ship through treacherous waters—precision is key. Just as a seafaring captain relies on a compass to chart a course to safe harbor, meticulous budget planning ensures you reach your funding goals without going adrift.
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Contingency Planning: The Role of a CFO
CFO Simplified
MARCH 27, 2022
This, however, does not necessarily mean that strategic planning is off the table. A proactive way for business owners to mitigate their risk is through contingency planning. So, what is contingency planning, and what is a CFO’s role in creating this strategy? What is Contingency Planning? The benefit?
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Do You Need a Nonprofit CFO?
The Charity CFO
MAY 22, 2024
A Chief Financial Officer (CFO) is a C-suite financial manager for your organization. But is your organization ready to bring on a CFO? In this article, we’ll look at how to determine if you need a CFO and the benefits of hiring one. What is the Role of a Nonprofit CFO? The role of a CFO is all about financial management.
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Companies cut salary budget increases to 3.6%, trim promotions: Mercer
CFO Dive
APRIL 25, 2024
Plans for slower gains to salaries align with Thursday data showing that economic growth slowed to just 1.6% last quarter, far less than expected.
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CFO budget 2023: What’s unlikely to get cuts
Future CFO
OCTOBER 4, 2022
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. According to results of a July survey of 234 finance leaders, 21% plan to increase customer spending and 72% to maintain spending, despite economic pressures.
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Comparing Your Nonprofit Budget to Actual
The Charity CFO
MARCH 29, 2024
One of the best ways to get a quick read on your organization’s financial health is to compare your nonprofit budget to actual performance. A budget to actual analysis helps you look at your estimated revenue and expense versus what your organization actually saw. This helps improve donor confidence in your organization.
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Budget 2022: Govt’s higher market borrowing plan makes bond market jittery
CFO News Room
FEBRUARY 5, 2022
lakh crore, against the Budget estimate of Rs 12.05 Also Read| Budget 2022: FM proposes to permit taxpayers to file updated ITR on payment of additional tax. The Budget has projected a fiscal deficit of 6.4% The market was expecting net borrowing to be in the range of Rs 12.50 lakh crore to Rs 13 lakh crore. lakh crore.
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Holding Onto Your Marketing Budget in a Downturn
CFO News Room
NOVEMBER 13, 2022
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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Prepping for Budget Season: 6 Actions Successful CFOs Need to Take
Centage
JULY 11, 2023
While the rest of the world is ensconced in 2023, CFOs are already looking toward next year. Budget season is just around the corner, and being prepared is integral. Planning 2024 budgets takes forethought and considerable prep work. CFOs drive the success of next year’s budgets with the prep work they do today.
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Going Beyond Budgeting With a Better Planning Solution
https://trustedcfosolutions.com/feed/
SEPTEMBER 26, 2022
This year is coming to a close, and for many of us, that means it’s budgeting season. If you dread this time of year and the pressures of budget changes and new demands, you are not alone. Without a solid foundation to build your 2023 budget, you risk missing opportunities and losing revenue.
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CFOs plan to cut staff, increase hiring budgets
CFO Dive
JANUARY 17, 2023
Concern about higher wages and a skilled labor shortage are foremost in CFOs minds as they grapple with continued economic headwinds.
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CFO focus 2022: Improve flexibility of budgeting and forecasting
Future CFO
NOVEMBER 16, 2021
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.
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Interim Budget 2024-25: The BIG Picture
CFO News
FEBRUARY 4, 2024
Finance expert Robin Banerjee evaluates the Union Budget 2024, emphasizing long-term planning, infrastructure focus, fiscal responsibility, and sector-specific strategies. While praising positive moves, he points out areas that need more attention for a comprehensive economic uplift.
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From Controller to CFO: What Changes?
CFO Talks
MARCH 20, 2024
From Controller to CFO: What Changes? Moving from being a Controller to a CFO is a big step up. Both the CFO and Controller deal with the company’s finances, but they focus on different things. The CFO, however, looks at the bigger picture. Budgeting: The Controller gathers info and puts the budget together.
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Planning and budgeting: What areas will you increase investment in 2024?
Future CFO
AUGUST 17, 2023
When it comes to planning and budgeting, Forrester advised that more realistic budget expectations will serve leaders well as they enter 2024 though now is not the time to hunker down, as stakeholder expectations for growth remain steadfast. The post Planning and budgeting: What areas will you increase investment in 2024?
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Market gives thumbs up to Budget 2022
CFO News Room
FEBRUARY 5, 2022
The equity market witnessed some wild swings on the Budget Day, with the Sensex rebounding after losing more-than 2% from the day’s high. But unlike other Budget Days, benchmarks ended the day in the green, as investors cheered a growth-oriented Budget. By Yoosef Kp & Ruchit Purohit. After surging as much as 1,018.03
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Annual Budgeting Process: look at 2024
Spreadym
DECEMBER 1, 2023
The annual budgeting process refers to the series of steps an organization undertakes to plan, prepare, and allocate financial resources for the upcoming fiscal year. These goals will guide the budgeting process. These goals will guide the budgeting process.
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6 Reasons Why You Need a Budget
CFO News Room
FEBRUARY 4, 2022
The importance of making a budget is a financial lesson that cannot be overemphasized. If you and your family want financial security, following a budget is the only answer. Below are six good reasons why everyone should create and stick to a budget. A budget helps you figure out your long-term goals and work toward them.
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Budget 2022: Digital rupee from FY23
CFO News Room
FEBRUARY 5, 2022
The Union Budget for 2022-23 made a string of other announcements on digital payments, including a plan to offer netbanking to depositors with India Post and another to set up 75 digital banking units across as many districts. Depending on which is ready first, the central bank plans to release digital currencies for a pilot.
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It’s the time of the year for strategic planning and budgeting
CFO Simplified
DECEMBER 10, 2021
As the end of the fiscal year comes into focus, it’s time to put together plans for the upcoming year. If you’ve put together annual strategic, operational, and financial plans previously, terrific. Most successful companies have an annual planning process to put together specific plans and goals for the upcoming year.
996: Cultivating a CFO’s Toolkit | Aaron Levine, CFO, Prophix
CFO Thought Leader
APRIL 30, 2024
From his early days in auditing at PwC to his current role as CFO at Prophix, Aaron Levine has had a career that has closely tracked the evolving nature of the financial leadership role. Vintz, a very externally focused CFO, adeptly navigated public company landscapes, from investor relations to quarterly earnings calls.
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The role of predictive analytics in modern CFO strategies
CFO Talks
FEBRUARY 2, 2024
In the evolving role of a Chief Financial Officer (CFO), mastering risk management, budgeting, and forecasting tools is crucial. A CFO’s role is to identify, evaluate, and mitigate these risks through strategic planning, ensuring the integration of risk management processes across all departments of the organisation.
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CFOs plan budget changes: Sales function mostly likely to get increases
Future CFO
FEBRUARY 15, 2023
CFOs plan budget changes and sales functions are likely to get more resources in 2023, said Gartner recently. According to a Gartner survey of nearly 300 CFOs in November 2022, 73% of CFOs indicated that they planned increases for the sales function while nearly half of them said the increase would e 10% or more.
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Fractional CFO Explained
CFO Share
JANUARY 31, 2024
What is a fractional CFO? A fractional CFO is a part-time CFO for small companies. Thanks to cloud-based bookkeeping , fractional CFOs have recently become accessible to even the smallest companies. Why would I hire fractional CFO services? Why would I hire fractional CFO services? Ask for referrals.
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Budget 2022: A shot in the arm for digital India
CFO News Room
FEBRUARY 4, 2022
Continuing the same spirit in defence allocations, 68% of the defence capital procurement budget for domestic players will also go a long way in strengthening the domestic hi-tech manufacturing ecosystem. Budget 2022 is one of the more progressive Budgets we have had in recent years. By Ankit Agarwal.
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Building resilience – the CFO way
Future CFO
APRIL 26, 2023
Be it the geopolitical tension in many parts of the world, the prevailing volatility of energy prices, or the looming crisis that is climate change , there is no rest for the CFO when it comes to navigating the challenges, man-made or otherwise. By being more risk aware, the CFO can assess scenarios relevant to the firm's business strategy.
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Workday: How CFOs can make agile budgeting successful
Future CFO
FEBRUARY 25, 2024
Editor’s note: Have you already adopted agile budgeting? Pannie Sia (pictured), general manager, ASEAN, Workda y explains what it is, how it’s different from traditional budgeting, the benefits it brings, and how CFOs can make agile budgeting effective and successful.
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Ten questions on planning, budgeting and forecasting
Future CFO
JUNE 15, 2022
To grow the business quickly and sustainably requires its leaders to underpin ambitions with solid processes and systems for planning, budgeting and forecasting (PB&F). The post Ten questions on planning, budgeting and forecasting appeared first on FutureCFO. How to use predictive analytics and multiple ‘What if?’
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Ep 28: How Planning Aces Are Made
CFO Thought Leader
OCTOBER 29, 2023
This episode features insights and commentary from three finance leaders: CFO Michael Linford of Affirm, CFO Ana Chadwick of Pitney Bose, and CFO Jason Leet of Zylo. Brett@pm2consulting.com MADE POSSIBLE BY PLANFUL | Planful is the pioneer of financial performance management cloud software.
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ON LOCATION: Among the Planning Masses at Perform24
CFO Thought Leader
MAY 20, 2024
Planful CEO Grant Halloran shares his insights on the current state of AI adoption in the enterprise, emphasizing the need to temper excitement with reality. CFO Fletcher emphasizes the need for data governance and security, and stresses the importance of investing in knowledge and training to mitigate risk.
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Recounting Transformation Milestones | Tony Boor, CFO, Blackbaud
CFO Thought Leader
SEPTEMBER 7, 2023
930: Where Leaders Are Made | Tony Boor, CFO, Blackbaud MADE POSSIBLE BY PLANFUL | Planful is the pioneer of financial performance management cloud software. Planful empowers finance, accounting, and business users to plan confidently, close faster, and report accurately.
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Budgeting for Analysis
CFO Simplified
FEBRUARY 17, 2022
Nobody likes creating a budget. But budgeting is vital because it’s the company’s plan for the coming year. No plan can be created without good, reliable data and analysis. If the proper analysis is done, then the budget becomes a tool to guide the company forward. Create an initial budget for evaluation.
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The Virtues of “Payback” | Ralph Leung, CFO, Achieve
CFO Thought Leader
OCTOBER 5, 2023
939: Creating a Narrative for Growth | Ralph Leung, CFO, Achieve MADE POSSIBLE BY PLANFUL | Planful is the pioneer of financial performance management cloud software. Planful empowers finance, accounting, and business users to plan confidently, close faster, and report accurately.
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Finance Transformation, Metrics, Networking | Ana Chadwick, CFO, Pitney Bowes
CFO Thought Leader
OCTOBER 24, 2023
Chadwick, CFO, Pitney Bowes MADE POSSIBLE BY PLANFUL | Planful is the pioneer of financial performance management cloud software. The Planful platform, which helps businesses drive peak financial performance, is used around the globe to streamline business-wide planning, budgeting, consolidations, reporting, and analytics.
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Nonprofit Budgeting Best Practices
The Charity CFO
FEBRUARY 16, 2023
Nonprofit budgeting best practices are often the difference between success and failure for the organization. Budgeting is a crucial element of understanding the financial health of your organization. While nonprofit budgeting can seem daunting and complex, it doesn’t have to be. Start early and plan often Planning is key.
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Strategic Planning for Business Owners: Staffing During Exponential Growth
CFO Simplified
OCTOBER 30, 2022
How are you planning on staffing for this as you move forward and continue to experience high levels of growth? Consider: That strategic plan for how you’re going to conduct staffing is critical to your success. So, you must conduct planning ahead of time; some strategic planning! Don’t Wait Until It’s Too Late.
Achieving a Shared Alignment Around Data | Sarah Spoja, CFO, Tipalti
CFO Thought Leader
OCTOBER 16, 2023
942: Building a Profitability Mindset | Sarah Spoja, CFO, Tipalti MADE POSSIBLE BY PLANFUL | Planful is the pioneer of financial performance management cloud software. Planful empowers finance, accounting, and business users to plan confidently, close faster, and report accurately.
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Budget infuses more atmanirbharta into MSMEs — Sanjay Agarwal
CFO News Room
FEBRUARY 4, 2022
How the Budget platform was used for setting a roadmap for the next 25 years is indeed commendable, with something for everyone and a special focus on new-age industries like start-ups, infrastructure, blended fuel, electrical vehicles, digital currencies, blockchain technologies and renewable energy.
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Top of Mind Metrics | Joel Campbell, CFO, TreviPay
CFO Thought Leader
SEPTEMBER 5, 2023
MADE POSSIBLE BY PLANFUL | Planful is the pioneer of financial performance management cloud software. The Planful platform, which helps businesses drive peak financial performance, is used around the globe to streamline business-wide planning, budgeting, consolidations, reporting, and analytics.
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Your Budget is Wrong… and That’s Okay!
CFO Selections
APRIL 19, 2024
The first thing you need to know when creating a budget is that it is wrong from the start. A budget, on the other hand, is meant to be a predictive tool and a roadmap to help you get to where you are going. Think of a budget somewhat the same way. Sometimes the route has construction or other traffic impediments along the way.
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The Mentoring Round | Jeff Bray, CFO, Semperis
CFO Thought Leader
APRIL 16, 2024
Inside The Mentoring Round, Semperis CFO Jeff Bray emphasizes the importance of concentrating investments on the best ideas rather than spreading resources too thinly. He also plans to improve budget reporting to business units and implement stronger governance structures to support scaling operations.
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