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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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This FP&A Factor will Cost US Businesses $7,800,000,000 in 2022

The Finance Weekly

A study by the University of Baltimore and Excel-based FP&A company, , DataRails , lays out the full economic costs of businesses sticking with manually prepared financial reports. billion is the first number that came out of the research and this represents the total amount of money lost by manual financial work. .

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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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Three Tips to Increase Profit Margins During Times of Uncertainty

Centage

In fact, a 2022 TransUnion Consumer Pulse Study revealed that 48 percent of consumers were concerned about their ability to fulfill financial requirements. At Centage, we’re passionate about connecting businesses with the sophisticated financial planning and budgeting tools they need to stay competitive.

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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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941: Mobilizing Your Team | Melissa Howatson, CFO, Vena

CFO Thought Leader

The corporate headquarters of Bend All Automotive may have been a mere 30-minute drive from KPMG’s offices in Waterloo, Ontario—but Melissa Howatson had to put in a 6-year career investment at the accounting house before she came to realize that it was time to go the distance.

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Digital Transformation in Finance: Your EPM Tech Refresh

Jedox Finance

In this blog post you get the chance to explore the intersection between the planning and technology of your organization and will see how an EPM Tech Refresh that is coming with a modern solution can help you on your digital transformation journey. The intersection of planning & technology. Table of Contents.