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Differences Between Budgeting and Forecasting in Business

Spreadym

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 are not used for performance measurement in the same way as budgets.

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Technology for database processing

Spreadym

Corporate data processing refers to the use of technology to collect, store, manipulate, and analyze large amounts of business data in a corporate setting. Data collection can be automated using tools such as web scraping or data integration software and tools, like REST API. Read about how it is made in Spreadym.

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Centage Planning Maestro: Innovating the Future of Finance

Centage

Back in 2019, Centage made waves when it announced the availability of Planning Maestro , the first-ever FP&A platform designed specifically for the mid-size market. Up until the release of Planning Maestro, only enterprise-sized companies could afford the expense of automated and intelligent cloud-based FP&A technologies.

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Why Financial Forecasting Is More Important Than Your Annual Budget

Centage

Once upon a time, businesses were satisfied with creating an annual budget. You used your budget as a measuring stick to gauge performance against assumptions made months ago. But times have changed – which is why financial forecasting is more important than your annual budget. Produce scenario plans.

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Business Planning Best Practices to Navigate a Downturn

Centage

Better business planning. Keep reading to discover the best practices for better business planning during times of economic upheaval along with tips on how to prepare for a return to normalcy. Revisit Your Budget…More Frequently When was the last time you revised your budget up or down? The answer?

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Survey: Executives Optimistic Despite Financial Disruption, Prioritizing Technology Adoption to Combat Talent Shortage

CFO Leadership

Survey: Executives Optimistic Despite Financial Disruption, Prioritizing Technology Adoption to Combat Talent Shortage As we near the halfway mark of 2023, the overwhelming theme throughout the year has been uncertainty. Not that technology is seen as a panacea — talent is still a worry.

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How to Get Started With Financial Scenario Planning

Centage

Designed to help businesses prepare for the unknown, financial scenario planning is a strategic tool for flexible long-term decision-making. With financial scenario planning, companies seek to avoid overpredicting and underpredicting their future by separating content into two categories: things that are certain and things that are unknown.