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. FutureCFO: Why do finance functions do agile budgeting?
Centage
AUGUST 15, 2022
With that in mind, many businesses are turning to budgeting and planning drivers as a way of obtaining more accurate information. A newer approach to financial management, driver-based planning involves examining a company’s main business and value drivers with a goal of designing plans and budgets with them in mind.
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The Charity CFO
APRIL 22, 2024
You can do this by promoting open communication and transparency throughout your nonprofit. In addition to communication, you can help reduce burnout by prioritizing employee wellness and mental health. Comparing your nonprofit budget to actual , for example, can help you better understand where resources are going.
The Finance Weekly
APRIL 21, 2024
They could steer your company towards poor financial decisions, like risky investments, inaccurate budgeting, or insufficient cost control. Communicate with clients, investors, senior management, and stakeholders. Collaborate with executives and department heads on budget development and oversight.
CFO Talks
MARCH 20, 2024
Budgeting: The Controller gathers info and puts the budget together. The CFO looks at this budget with a telescope, considering how it fits with the company’s long-term plans and what changes might be needed. It involves trusting your team, delegating effectively, and concentrating on strategic financial planning.
The Finance Weekly
AUGUST 5, 2023
Financial Planning and Analysis (FP&A) involve a range of activities, including planning, forecasting, budgeting, and analytical tasks, all of which are vital in providing essential support for a company's major business decisions and overall financial well-being.
The Finance Weekly
MAY 5, 2024
This plan covers everything from activities and target markets to budget, resources, and market positioning. Ensuring that the budget is in line with these elements to meet set objectives is equally important. By having a robust sales plan in place, businesses can track growth, recurring revenue, and overall financial health.
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