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.
2023 and Beyond: Budgeting & Planning with QuickBooks Online Advanced to Manage Through Constant Change
Centage
DECEMBER 7, 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 more robust and streamlined budgeting capabilities. Key Priorities & Requirements for Finance in 2023. Seamless Integration.
Budgeting 
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Collaborative Budgeting Process
Spreadym
NOVEMBER 8, 2023
Collaborative budgeting is an approach to financial planning and management that involves the active participation of multiple individuals or teams within an organization. It goes beyond the traditional top-down budgeting process, where senior management sets financial targets and allocates resources.
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Budget vs Actuals: The Key to Measuring Business Performance
Centage
SEPTEMBER 11, 2023
Staying on top of your financial performance is vital for running your business. Unfortunately, creating a perfect budget doesn’t mean that you’ll follow it. Budget vs actuals analysis is one of the most effective ways to maintain a clear picture of your company’s performance. Gather the Data. Take Action.
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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What is the difference between planning, budgeting and forecasting for a business?
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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Budget Preparation Process: Full Step Guide
Spreadym
SEPTEMBER 12, 2023
Budget preparation is the process of creating a detailed financial plan that outlines an organization's expected income and expenses for a specific period, typically for a fiscal year. Here are the key steps involved in budget preparation: Define Objectives and Goals : Begin by establishing clear financial objectives and goals.
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Planning, Budgeting, and Forecasting: Can they be Used Interchangeably?
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. Financial Planning. We hear the 3 terms being thrown around a lot- oftentimes interchangeably.
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Budget vs. actual variance reporting: What you’re looking for
Centage
NOVEMBER 1, 2023
Financial planning is a crucial part of sustaining and growing your business. The office of finance, department heads, and C-suite executives spend much of their time making, checking, and approving the yearly budget. And financial management doesn’t stop once the annual budget is approved.
All About Variance Reporting for Corporate Budgeting
Spreadym
OCTOBER 10, 2023
Variance reporting is a financial and management accounting process used to analyze the differences between budgeted or expected figures and actual performance results. Key aspects of variance reporting include: Budget or Target Figures: This is the baseline against which actual performance is compared.
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Differences Between Budgeting and Forecasting in Business
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. They help businesses make informed decisions and adapt to changing circumstances.
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Financial Planning & Analysis
Boston Startup CFO
APRIL 12, 2024
13-week Cash Flow Forecasting We offer a comprehensive and forward-looking approach to cash planning. 13-week Cash Flow Forecasting We offer a comprehensive and forward-looking approach to cash planning. Dashboard Reporting We can provide clear and actionable insights into your financial data.
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Financial Planning for 2023 and Beyond: Steps to Nail Your Three Year Strategic Plan with Modern FP&A
Centage
OCTOBER 17, 2022
As you start your financial planning for 2023 and beyond, follow these steps to solidify your three-year strategic plan and boost the odds of achieving your business’ goals. If you want to forecast your financial future, start by looking back at past performance. Financial planning comes with numerous challenges.
Planful vs. Datarails
The Finance Weekly
AUGUST 27, 2023
Planful and Datarails are two of the leading FP&A solutions in 2023. Planful is an FP&A solution that was built for large companies and enterprises. Planful has a great AI feature called Planful Predict and it is a big selling point in 2023.
What is Financial Planning and Analysis (FP&A)?
Spreadym
JUNE 27, 2023
What is Financial Planning and Analysis or FP&A? FP&A is a process used by organizations to develop and manage their financial plans and make informed decisions based on financial analysis. What is Financial Planning and Analysis? Why Financial Planning and Analysis (FP&A) is important?
The 5 best budgeting software solution to increase efficiency of the business
Spreadym
MAY 26, 2023
Budgeting software is an application designed to assist businesses in creating, managing, and tracking their budgets. It helps automate and streamline the budgeting process by providing tools and features to input financial data, allocate funds to different categories, monitor expenses, and generate reports.
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5 ways financial forecasting future-proofs your annual budget
Centage
JANUARY 3, 2024
As we ring in a new year and brace for all of the opportunities and challenges it will bring, one resolution should be near the top of the list for finance professionals: embracing flexible financial forecasting to future-proof your annual budget. Financial forecasting gives businesses the agility to adapt to changing conditions.
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How to Create a Nonprofit Operating Budget
The Charity CFO
JUNE 26, 2023
Whether you’re a new organization or an established one working to get its finances under better control, there are few more important things to get right than your nonprofit operating budget. Nonprofit operating budgets differ from regular for-profit business budgets in key ways.
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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? What alternatives are available?
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Top trends in budgeting, planning and forecasting
Future CFO
AUGUST 23, 2019
The days of manual, spreadsheet-based budgeting, planning and forecasting processes are numbered.
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Financial Planning for 2023 and Beyond: Steps to Nail Your Three Year Strategic Plan with Modern FP&A
Centage
OCTOBER 17, 2022
As you start your financial planning for 2023 and beyond, follow these steps to solidify your three-year strategic plan and boost the odds of achieving your business’ goals. If you want to forecast your financial future, start by looking back at past performance. Financial planning comes with numerous challenges.
Maximizing Efficiency in Financial Management with SaaS Accounting Software
CFO Plans
MAY 16, 2024
Here’s how SaaS accounting software is revolutionizing financial management and why it’s essential for CFOs. Discover SaaS Accounting Solutions Now Real-Time Financial Data for Informed Decision-Making One of the standout features of SaaS accounting platforms is real-time access to financial data.
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Here’s a Quick Way to Create a Small Business Budget
KG Virtual CFO
OCTOBER 8, 2020
A budget provides the financial data that support your company’s vision, mission, and goals. It outlines key information on both the current state of your finances (including income and expenses) and your long-term financial goals. Don’t forget to factor those expenses into your budget as well.
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Planning and Forecasting: Where Nirvana is for Enterprises
Collectiv
AUGUST 18, 2022
To succeed in a highly competitive business landscape, enterprises need a robust financial planning and forecasting strategy. Why Planning and Forecasting are Critical for Enterprises. Financial planning and forecasting go far beyond just day-to-day budgeting.
How to Adjust Your Business Budget When Life Happens
KG Virtual CFO
OCTOBER 12, 2020
Your business budget puts you in control of your company. It helps you avoid overspending and track financial goals. But with the coronavirus in full swing, you may have had to throw your business budget out the window to stay afloat. Maybe you had no choice but to temporarily close your business due to new regulations.
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How to Find the Best FP&A Candidates for Your Team
Spreadym
OCTOBER 3, 2023
Financial Planning and Analysis (FP&A) candidates are professionals who specialize in financial planning, budgeting, forecasting, and analysis within an organization. They play a critical role in helping companies make informed financial decisions and allocate resources effectively.
Get to Know Centage’s Brand-New Premium App for QuickBooks Online Advanced
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.
How to Implement an ERP Solution at Your Startup
Navigator SAP
MARCH 4, 2022
Implementing an enterprise resource planning (ERP) system has become a matter of survival for startups that want to scale fast or involve complex manufacturing operations, as the process efficiencies and data transparency ERP delivers can make or break such businesses.
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How to streamline multi-location healthcare FP&A
Centage
DECEMBER 8, 2023
Financial management can be a significant challenge for multi-location medical facilities. As multi-site healthcare businesses grow and evolve, the demand for advanced financial planning and budgeting solutions shifts from being a “nice to have” to presenting a crucial need for attaining business objectives.
3 Steps to Improving Agility in Financial Budgeting and Planning
Planful
AUGUST 31, 2016
Whether the cost of oil is increasing or the demand for products is on the decline, Finance teams need to be able to respond immediately to ensure their budgets and plans reflect these shifting circumstances. Instead, many organizations are adopting the budgeting and planning applications found in modern, cloud-based EPM software.
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Formula-free accounting: FP&A on easy mode
Centage
SEPTEMBER 26, 2023
Too often, the things that get broken are Excel formulas that touch many aspects of your business’ budget and financial planning. Centage’s Planning Maestro empowers finance professionals to build driver-based budgets effortlessly, eliminating the need for programming and formulas. Formula-free budgeting?
Key features for FA&P software to choose the best one
Spreadym
APRIL 27, 2023
Financial analysis and planning (or FA&P) software is a type of business software that helps companies manage their finances and operational activity by analyzing financial data and providing tools to plan, forecast and make budgets for efficient business growth.
Where Can FP&A Career Path Take You?
Fpanda Club
SEPTEMBER 2, 2021
The growing variety and complexity of tasks within the finance function has resulted in the creation of a discipline that is supposed to become a bridge between the finance and business to support decision-making process by leveraging data and technology. This relates to FP&A which stands for financial planning and analysis.
How to Fix Your Nonprofit Accounting
The Charity CFO
MARCH 28, 2024
Focus on Budgeting and Financial Planning Like standardized financial policies, budgeting is an important aspect of your nonprofit accounting system. Your budget helps you plan out expenses and revenue in advance so you have a better idea of the financial health of your organization.
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Capitalising on the Fintech apps in APAC
Future CFO
AUGUST 1, 2023
The rise in digital transformation (DX) initiatives and the adoption of mobile technologies have also contributed to the demand for cloud-based financial applications in Asia/Pacific. Companies are increasingly seeking secure and compliant solutions to manage their financial data.
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5 challenges for nonprofit FP&A — and how to solve them
Centage
NOVEMBER 27, 2023
Nowhere is that more apparent than in financial planning. Budgeting and financial forecasting are two of the most important business activities for nonprofit FP&A. There are innovative ways to solve the five biggest challenges to financial planning faced by nonprofits today.
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Sales Performance Management: Connecting the dots to xP&A
Jedox Finance
SEPTEMBER 29, 2021
While that wouldn’t make much sense these days, think about revenue planning, data, and processes. Sales Performance Management (SPM) is a unified approach to analyze, plan, and optimize sales processes withing an organization. In this eBook about 360° Planning you can learn more about the shift to xP&A.
The benefits of using a cloud finance solution
Future CFO
JANUARY 14, 2024
Trusting the cloud to manage financial data and reporting can be a game-changer for financial planning and analysis. Financial performance management platform Planful enumerated the benefits that cloud finance solution can bring to the table: Cost savings and predictability. Scalability. Integrations.
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Partner Spotlight: G7 Tech Services
Centage
NOVEMBER 21, 2022
I personally spearhead planning the implementation for our clients, including setting up phases to address immediate needs, and long-term needs. How does Planning Maestro help your customers? We love how Planning Maestro gives our customers back time in their jobs and enables them to have more time for their personal lives as well.
Basics of Financial Variance Analysis
Spreadym
JULY 26, 2023
Financial variance analysis is a technique used by businesses and organizations to understand the differences between budgeted or expected financial outcomes and actual financial results. Identifying Variances: The next step is to compare the actual performance data with the budgeted figures.
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12 Best Paying Jobs in Finance in 2023
CFO News Room
DECEMBER 16, 2022
As a financial executive, the chief financial officer (CFO) is responsible for the financial health of an organization. The CFO role is multi-faceted and includes everything from financial planning and analysis to business budgeting, financial decision-making, and risk management. Budget Analyst.
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The Relationship Between a Fractional CFO and Your Public Accounting Firm
Beacon CFO Plus
NOVEMBER 30, 2023
Define Roles and Responsibilities: The CFO typically focuses on financial strategy, planning, and management, while the accounting firm handles compliance, audits, and financial reporting. They should work in collaboration with the accounting firm to ensure that financial strategies are feasible and compliant.
Top 3 picks for Cloud FP&A out of NetSuite in 2022
Lime Light
OCTOBER 20, 2022
Organizations that are using NetSuite, however, can often find themselves resorting to manual and tedious methods when it comes to financial planning, forecasting revenue, and analyzing financial data. Here are a few common issues: Versioning issues : “Opex Budget Template Version 7 final”.
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2024 predictions for finance: From virtual payments to business travel (part 1)
Future CFO
DECEMBER 17, 2023
Technology and some budget flexibility will boost confidence The theme of 2023 is doing more with less, and that will continue to be the case as economic uncertainty carries over into 2024, said Tom Lavin, Chief Controlling Officer, Marketing and Solutions. Finance teams spend significant time on financial planning," he said.
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