CFO Talks

NOVEMBER 21, 2024

I believe in breaking challenges down into manageable tasks, which makes them less overwhelming and easier to address systematically. I also rely on open communication and collaboration, particularly when the challenge involves a team. This helps in developing a well-informed strategy to tackle the problem.

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CFO Leadership Problem Solving Communication 98

Centage

MAY 23, 2023

As we approach the halfway point of 2023, it’s a good time to take a close look at your budget and determine where you and your team are succeeding versus falling short. Keep reading to learn more about the importance of a mid-year budget review and discover our expert tips for financial success.

Budgeting 98

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

Centage

AUGUST 1, 2023

Getting ready for budget season is a big task. If you don’t handle it effectively, you can struggle through the process to create a workable budget. Budgeting probably won’t be fun. Leaders would most likely rank “budget season” far down on the list of favorite times of the year.

Budgeting 98

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

Spreadym

SEPTEMBER 19, 2023

Budgeting and forecasting in business are both financial planning tools used by businesses, but they serve different purposes and have distinct characteristics. Here's an overview of the key differences between budgeting and forecasting. Forecast: Forecasts can vary in terms of their time horizon.

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Forecasting Budgeting Cash Flow Forecasting Benchmarking 59

CFO Plans

OCTOBER 29, 2024

Strategic Budget Planning as a Success Blueprint The journey to financial stability begins with strategic budget planning. By forecasting cash flow and aligning it with business objectives, companies can anticipate potential shortfalls and surpluses. Learn How to Enhance Your Cash Flow with these proven strategies.

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Accounts Payable CFO Budgeting Invoicing 52

CFO Simplified

JANUARY 23, 2025

Banks may not fully understand how your specific business has been impacted by changes in the economy, or how it might be affected this year by changes like new tariff policies, so communication is key. Consider revisiting credit terms and maintaining open communication to ensure youre working with customers who can reliably pay.

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Cash Flow Forecasting Communication Budgeting Forecasting 52

Lime Light

DECEMBER 10, 2024

In todays fast-paced business environment, CFOs and finance teams must go beyond crunching numbersthey need to communicate effectively, offer strategic insights, and deliver impactful presentations. ChatGPT-4 is a game-changing tool that enhances the efficiency and creativity of finance professionals.

Finance 98

Finance Communication Budgeting Forecasting 98

The Finance Weekly

FEBRUARY 22, 2025

Workday Adaptive Planning aims to solve this problem by offering a cloud-based Financial Planning & Analysis (FP&A) solution with AI-powered forecasting, budgeting, and workforce planning tools. Budgeting & Forecasting - Automate budgeting processes and generate real-time financial forecasts based on live data.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Planning General Ledger (GL) Forecasting 52

Jedox Finance

OCTOBER 15, 2020

The world has changed so much and so quickly that it has vastly impacted our ability to forecast in the current environment. The reason was simple, the model and forecast were no longer providing useful insight and foresight to the organization. FP&A teams need to be more flexible in the time horizons they forecast for.

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Forecasting Leverage Communication Technology 89

Centage

JUNE 2, 2023

While all of this data helps manufacturing companies to be more efficient, when it comes it comes to creating a manufacturing budget , data is also just as critical. What is a Manufacturing Budget? A manufacturing budget centers around the expenses involved in the production of a given product.

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Budgeting Manufacturing Forecasting Analyzing Data 85

Fpanda Club

SEPTEMBER 2, 2021

The list of typical FP&A activities usually includes planning, budgeting, forecasting, analysis, management reporting and performance management. Budgeting is a type of short-term planning whose goal is to transform strategic objectives into an operational plan by allocating available resources.

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Financial Planning and Analysis (FP&A) Corporate Finance Communication Forecasting 130

The Finance Weekly

SEPTEMBER 22, 2024

Every budgeting season brings a chance to push your business forward into the new year. With 2024 coming to a close and the 2025 budgeting season around the corner, the pressure is really on you and your finance team! Of course, there are plenty of challenges to juggle as you balance all your company's needs and goals.

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Budgeting Forecasting Compliance Economics 69

Future CFO

MARCH 3, 2025

Harding emphasises the importance of "the abilities to influence, the abilities to lead, the abilities to communicate and the ability to inspire." The ability to analyse data, identify insights, and communicate those insights effectively is highly valued.

Finance 69

Finance Communication Leadership Profit and Loss 69

CFO Talks

JANUARY 8, 2025

For instance, if one team member has mastered a new budgeting tool, they can lead a session to help others learn it too. Delegating significant responsibilities, such as leading a budget review or preparing a report for senior leadership, helps them build confidence and skills. Encourage scenario planning as part of your teams routine.

Finance 52

Finance Budgeting Problem Solving Accounts Payable 52

The Finance Weekly

MAY 25, 2022

Planning, Budgeting, Forecasting. A company’s plan, budget, and forecast are usually talked about all together, whether it be in the boardroom, in a company goal-setting sheet, or in general talk about FP&A. While budgets are usually created annually, the traditional untouchable, fixed budget is being challenged.

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Forecasting Financial Planning and Analysis (FP&A) Budgeting Planning 52

The Charity CFO

APRIL 29, 2025

They thrive because they built the right teama team that collaborates, communicates, and drives performance across programs, people, and finances. From Reactive to Responsible: How Accountability Changes the Game A high-performing leadership team doesnt just approve the budgetthey own the budget.

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Leadership Accounting Nonprofit CFO 81

Spreadym

JUNE 8, 2023

Planning, budgeting and forecasting for a business are three distinct financial management tools used in business, each serving a different purpose. Key differences between planning, budgeting and forecasting for a business Here are key difference between planning, budgeting and forecasting for a business.

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Forecasting Budgeting Planning Risk Management 52

CFO Talks

MARCH 4, 2025

Ditch Rigid Budgets Stay Flexible Instead Imagine planning a long road trip. You map out your route, pick your stops, and set a budget for fuel. Thats why businesses need rolling forecasts instead of rigid budgets. Thats why businesses need rolling forecasts instead of rigid budgets.

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Budgeting Forecasting Invoicing Sales 52

CFO Talks

NOVEMBER 27, 2024

Communicate Clearly and Honestly Uncertainty makes people nervous. Update your forecasts regularly: Use rolling forecasts that are updated monthly or even weekly. Create a “priority budget” that focuses on essential spending. This insight helps you decide whether to adjust budgets or wait it out.

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Fpanda Club

APRIL 11, 2021

On the contrary, FP&A analysts embrace a wide variety of soft skills which are absolutely necessary for an effective and efficient communication. Forecasts should be as accurate as possible. Therefore, forecasts should be accurate enough to support and drive business decisions with sufficient level of confidence.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Forecasting Budgeting Financial Modeling 130

E78 Partners

NOVEMBER 7, 2024

This ensures their communication systems are optimized for performance and security. Benefits of Telecom Expense Management Managing telecom expenses is crucial for businesses aiming to minimize communication costs while ensuring effective service delivery.

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Concentration Vendor Management Communication Risk Management 59

Fpanda Club

MARCH 1, 2021

How to Build a Business Case for Dynamic Financial Planning and Forecasting (Infographic), Sep 2014 6. Best practice in the budget and planning process, PWC 2017 7. 70% of companies measure the efficiency of the FP&A , 63% of them do it based on forecast accuracy and 59% - based on budget accuracy.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Benchmarking Value-Added Analysis Budgeting 130

Fpanda Club

APRIL 25, 2024

Scissors = Presentations and storytelling Having access to a large variety of internal and external data sources, FP&A teams are true craftsmen who cut out relevant pieces of information, crop diagrams and graphs to zoom in on the most important findings, put it all together and build a storyline to better communicate insights to management.

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Financial Planning and Analysis (FP&A) Problem Solving Budgeting Forecasting 130

CFO Talks

MARCH 13, 2025

Now, picture the opposite: instant access to real-time financial insights, automated compliance checks, and AI-driven forecasts guiding your next move. Predictive analytics can also help companies forecast future trends, allowing them to prepare for risks and opportunities ahead of time.

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Financial Reporting IFRS Compliance Problem Solving 52

CFO Talks

APRIL 24, 2025

When tension riseswhether over budget allocations, risk appetite, performance metrics, or boardroom politicsall eyes turn to you. Budget Battles These arent just about numbers, theyre about priorities, politics, and power plays. Use forecasting to show the bigger picture. Host collaborative pre-budget meetings.

Budgeting 52

Budgeting CFO Leadership Construction 52

Centage

SEPTEMBER 13, 2022

During turbulent times, your business can forecast and do scenario planning for the future with our forecasting and scenario planning tools at Centage. What Is Financial Forecasting? It is important to keep a forecast up to date as forecasting further out increases the chance of inaccuracies.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Planning Forecasting Profit and Loss 98

Fpanda Club

MARCH 28, 2021

This article describes the FP&A maturity assessment model focused on major tasks of the function (strategic planning and budgeting, forecasting, analytics, management reporting, performance management and decision support) and built around 3 key areas – processes, tools/systems and people.

Forecasting 130

Forecasting Budgeting General Ledger Finance 130

Centage

MAY 3, 2022

the maker of QuickBooks Online Advanced, to bring automated budgeting, forecasting, reporting and analytics capabilities to QuickBooks Online Advanced customers and mid-market organizations looking for cloud-based FP&A solutions. Better Communicate Your Financial Story.

Financial Planning and Analysis (FP&A) 98

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

CFO Talks

JANUARY 8, 2025

For instance, when inflation rises, some businesses instinctively slash budgets across the board. Cutting this budget may save money in the short term, but it risks creating a skills gap that hinders future growth. Transparent communication is the antidote. Take employee training as an example.

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Economics Leadership Budgeting Communication 52

CFO Talks

MAY 29, 2025

When the business is dealing with disruption, pricing pressures, or budget constraints, finance should be the first place leaders turn to. Forecasts should reflect current conditions, not assumptions from last quarter. Internal communication should be built around solutions, not just compliance. Communication must also improve.

Finance 52

Finance CFO Compliance Forecasting 52

CFO Talks

JUNE 3, 2025

To counter this, Innocent and his team use agile forecasting frameworks, scenario modelling, and real-time analytics. The United Kingdoms National Audit Office has advised public entities to adopt rolling forecasts and scenario-based planning, particularly in uncertain environments. When Innocent joined QCTO, he found financial chaos.

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Leadership CFO Finance Auditing 52

CFO Thought Leader

DECEMBER 9, 2024

” Joanne Cheng, CFO, Jellyfish CFO PLaybook Views the budget as a roadmap, aligning investments with measurable outcomes. Many companies spend over 40% of their budget on R&D, yet there are few metrics to measure engineering effectively. Bridges cross-departmental gaps by serving as a connector and resource allocator.

Leadership 52

Leadership CFO Benchmarking Finance 52

Future CFO

OCTOBER 15, 2020

If you’re confident rolling forecasts would be a useful tool to add to your organization’s existing FP&A toolbox, check out our five tips for implementation. Rolling Forecasts can be used to find out why. Rolling Forecasts can be used to find out why. Communication is key. Quite large, but you don’t know why?

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Forecasting Communication Budgeting Planning 52

Spreadym

JUNE 2, 2023

Rolling forecast is a financial planning and forecasting approach that involves continuously updating and extending the forecast based on the latest available data and information. As the current period elapses, the forecast is extended by adding a new period, maintaining the same forecast horizon.

Forecasting 52

Forecasting Budgeting Communication Planning 52

Future CFO

SEPTEMBER 26, 2024

Interpersonal skills are also important, as analysts and modelers can be tasked with communicating complex financial data to colleagues in other functions or locations, or with quickly educating senior leaders. The post The role of automation in financial planning, forecasting appeared first on FutureCFO.

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Forecasting Planning Budgeting Financial Data 52

E78 Partners

MARCH 3, 2025

Implement budgeting and forecasting processes that withstand market scrutiny. Refine Financial Planning and Analysis (FP&A): Develop robust forecasting models and scenario planning tools. Strategic Finance and FP&A Support Strengthening financial planning, forecasting, and investor communication capabilities.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) GAAP Marketing Compliance 52

Centage

MARCH 14, 2023

As companies slash budgets, finance teams need to find ways of making the company’s cash go further while accomplishing the same goals with fewer resources. Modernizing this complex and time consuming budget item will help you better manage personnel expenses, support company growth and effectively budget and plan for an evolving workforce.

Financial Planning and Analysis (FP&A) 98

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