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Modern FP&A: The Key to Simplifying the Complexities of Manufacturing Budgets 

Centage

As change continues to add uncertainty to businesses across industries, finance leaders are tasked with effectively analyzing, monitoring and predicting the financial performance of their organizations with a new level of granularity. For manufacturing and distribution organizations, this can be especially challenging.

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2023 Financial Planning: The Importance of the Budget vs. Actual Statement During Times of Change

Centage

Between a volatile stock market, high interest rates, supply chain issues, inflation, and a possible recession, having a solid financial planning process in place is an important piece of sustaining your business through challenging times. Budget vs Actual Statement – What It Is and What It Isn’t.

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3 Levels of Stress Testing Your 2023 Financial Plan

Centage

The Value of Stress Testing Your Financial Plan. As we approach the end of the fiscal year and begin a new one, business leaders have an overriding concern: How accurate are the assumptions we made when we created our plan? All plans, to a certain extent, are based on assumptions. Scenario Planning and Goal Alignment.

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Tips for Success: The Role of Profitability Analysis and Improving Profit Margins

Centage

With that said, it’s important to gain a greater understanding of your profitability which requires more analysis than a financial statement and a balance sheet. By doing a profitability analysis, companies can identify specific areas in need of attention. Don’t be tempted to stop at only one or two of them.

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The Top 7 FP&A Trends for 2022

Jedox Finance

According to Gartner, 70% of new financial planning and analysis (FP&A) projects are slated to become extended planning and analysis (xP&A) projects by 2024. Historically, financial planning & analysis has centered around tasks such as planning, budgeting, forecasting, and performance management.

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Budget vs. actual variance reporting: What you’re looking for

Centage

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.

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Finding the Optimal Path to Success Using Financial Scenario Planning

Centage

Every business has a set of interconnected levers, commonly referred to as business drivers, that affect the operational expenses and financial results. The key is to have a keen understanding of your business drivers, and build your financial plan around them. There are three types of financial scenario planning: .