CFOs aim to expand budgets for sales, supply chain
CFO Dive
FEBRUARY 16, 2023
CFOs are preparing to bump up spending in sales, corporate IT and supply chain, but are keeping a close watch on economic conditions before shelling out new funding.
CFOs plan budget changes: Sales function mostly likely to get increases
Future CFO
FEBRUARY 15, 2023
CFOs plan budget changes and sales functions are likely to get more resources in 2023, said Gartner recently. According to a Gartner survey of nearly 300 CFOs in November 2022, 73% of CFOs indicated that they planned increases for the sales function while nearly half of them said the increase would e 10% or more.
Budgeting 
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Budget vs Actuals: The Key to Measuring Business Performance
Centage
SEPTEMBER 11, 2023
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. Budget vs actuals analysis allows you to assess how well your organization is following its financial plans. Gather the Data.
Holding Onto Your Marketing Budget in a Downturn
CFO News Room
NOVEMBER 13, 2022
But more importantly, marketers know from experience that when the economy turns, their budget is an easy target. During the pandemic, we saw numerous productive marketing advances, many of which were long overdue — from more agile budget allocation to accelerated digital transformation connecting marketing and e-commerce.
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Why Data is So Important to Manufacturing Budgets
Centage
JUNE 2, 2023
Technology has been a boon for manufacturing in a million different ways – from online ordering, to faster invoicing, to optimizing sales teams. 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.
Budget 2022| Conservative budget estimates leave room for pandemic response, macroeconomic risks: Moody’s
CFO News Room
FEBRUARY 4, 2022
Union Budget 2022: Moody’s Investors Service on Friday said India’s conservative budget assumptions leave room for the government to respond to prevailing macroeconomic and pandemic risks over the next year. India’s budget projects a narrowing in the central government deficit to 6.4 per cent in fiscal 2021. lakh crore (0.8
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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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Spring Cleaning: Your Mid-Year Budget Review Checklist
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.
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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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Is your budget presentation boardroom ready?
Centage
OCTOBER 23, 2023
Your teams have spent months creating, adjusting, re-creating, and finalizing your budget for the next year. Sales teams have projected their volumes. You’re finally ready to bring your annual budget presentation to the board. Is the board going to care that you’ve allocated 20% of IT’s budget for training? Or are you?
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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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The Ins and Outs of Budgeting and Planning Drivers
Centage
AUGUST 15, 2022
With that in mind, many businesses are turning to budgeting and planning drivers as a way of obtaining more accurate information. A newer approach to financial management, driver-based planning involves examining a company’s main business and value drivers with a goal of designing plans and budgets with them in mind.
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5 benefits of driver-based budgeting & planning
Centage
OCTOBER 23, 2023
The traditional budgeting and forecasting planning processes can be long and painful. Any number of issues can arise that render forecasts or the line items on an annual budget quickly outdated. It’s because of these challenges that many organizations have moved to driver-based budgeting and planning.
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Difference between Sales Planning and Revenue Planning
The Finance Weekly
MAY 5, 2024
Leading the growth in almost every company is the sales team. For instance, let's talk about car sales. But, growth isn't just about sales; it's about taking a well-rounded approach that involves everyone in the organization. What is Sales Planning? What is Sales Planning?
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The importance of planning and budgeting alignment
Centage
OCTOBER 9, 2023
Planning is the first step towards achieving growth for any organization, and budgeting is the ongoing process to manage this growth. Planning and budgeting alignment ensures you have what you need to wisely allocate funds for growth. Unfortunately, some companies lose sight of the connection between planning and budgeting.
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Budget vs. actual variance reporting: What you’re looking for
Centage
NOVEMBER 1, 2023
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. This is the budget vs actual statement. What is a budget vs actual statement?
Union Budget 2022-23: LPG subsidy pegged at Rs 4,000 crore
CFO News Room
FEBRUARY 5, 2022
The provision of fuel subsidy for sensitive petroleum products (DBTL on LPG sales) may be inadequate in case international prices of crude oil continue to rise and there is resistance from consumers to further price hikes,” Prashant Vasisht, vice president at ICRA said. crore spent on this account in FY21. cylinder in Delhi).
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Budgeting for Analysis
CFO Simplified
FEBRUARY 17, 2022
Nobody likes creating a budget. But budgeting is vital because it’s the company’s plan for the coming year. If the proper analysis is done, then the budget becomes a tool to guide the company forward. Budgeting is a process that may result in multiple iterations before the resulting numbers are acceptable. Evaluation.
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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. Forecast: Forecasts are not used for performance measurement in the same way as budgets.
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7 Best Budgeting Software for Small Businesses
The Finance Weekly
OCTOBER 8, 2023
Budgeting software can greatly help by , automating financial tasks , making processes more efficient, and leading the business toward long-term success. Keep reading to find out the best budgeting software for small businesses. Why You Should Use Budgeting Software for Your Business?
Govt mulls lower levy for SEZs to boost sales: Piyush Goyal
CFO News Room
FEBRUARY 5, 2022
The plan is aimed at helping Covid-hit SEZs better utilise their idle capacities and improve sales. The plan is aimed at helping Covid-hit SEZs better utilise their idle capacities and improve sales. Their domestic sales would soar substantially if the tax incidence drops, industry executives reckon.
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Hong Kong budget seeks to cushion economy from “zero infection”
Future CFO
FEBRUARY 27, 2022
Hong Kong budget seeks to deploy its considerable fiscal buffers to cushion the economic impact on households and businesses as the city pursues a so-called dynamic”zero infection policy with a range of social restrictions, said Fitch Ratings recently. this year, the authorities unveiled their annual budget recently. .
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Why Financial Forecasting Is More Important Than Your Annual Budget
Centage
DECEMBER 1, 2021
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. Manage every dollar. Produce scenario plans.
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Zero-Based And Traditional Budgeting: What Is The Difference
Spreadym
AUGUST 2, 2023
The basics of the corporate budgeting Corporate budgeting is the process by which a company or organization plans and allocates its financial resources to achieve its strategic objectives. Revenue Forecasting: The budgeting process begins with forecasting the company's expected revenues for the budget period.
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Sales Performance Management: Connecting the dots to xP&A
Jedox Finance
SEPTEMBER 29, 2021
Does it make sense to have a complete separation between your company goals, sales reps targets, and compensation models? In this blog post, we’ll look at how you connect the dots between Sales Performance Management and xP&A. What is Sales Performance Management? Connecting the dots.
Budget 2024: India's divestment target could be its lowest in nine years, say sources
CFO News
JANUARY 5, 2024
Interim Budget 2024: India may set a lower divestment target for state firms in fiscal 2024-25, falling short of this year's goal to be the lowest in nine years.
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Weighing Your Options: The Disadvantages of Using Spreadsheets for Budgeting and Planning
Centage
JULY 19, 2023
“Is it in the budget?” That’s because budgets are the foundational backbone of every company. Many organizations integrate updated technology to do everything from streamlining processes to facilitating marketing and sales initiatives. Using Excel for budgeting may be a workable solution.
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CFOs: Budget cuts for these two functions likely
Future CFO
AUGUST 8, 2022
Budget cuts for real estate/facilities management and finance functions are the most likely in the next 12 months, said Gartner when releasing results of a July 2022 survey of more than 200 CFOs and finance leaders. IT and sales, on the contrary, are the most likely to get budget increases, the advisory firm noted.
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Budgeting for Growth: Pros and Cons of Incremental Budgeting
The Finance Weekly
DECEMBER 29, 2021
Budgeting is the guardrail for business success. The path for growth goes through the budgeting process, making it incredibly important to match the right one for your company’s vision. There are dozens of types and components of budgets, from zero-based to value proposition and everything in between.
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CFO budget 2023: What’s unlikely to get cuts
Future CFO
OCTOBER 4, 2022
When it comes to CFO budget 2023, only 7% of finance leaders plan to cut customer service spending over the next 12 months, said Gartner recently. CSS leaders should therefore prioritise the technologies that meet these criteria to make the strongest case for investment when it comes to CFO budget 2023, the research firm advised.
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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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The best technologies for categorization in planning and budgeting software
Spreadym
MARCH 12, 2023
Categorization is important because it helps company define items for planning and budgeting more easily. Most of companies for their strategic planning or long-term budgeting don’t need very detailed structure of the assortment of goods. It’s rather then enough to aggregate it on more general level.
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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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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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Business software for scenario modeling in company planning and budgeting
Spreadym
MARCH 1, 2023
Uncertainty, no matter the reason causes it, complicates the planning and budgeting at a company. For example, here we should mention resource planning software, financial analysis and planning (FA&P) software, sales and operations planning (S&OP) software and other types of planning and budgeting software.
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Mop up from divestment, asset sale beats FY24 RE of Rs 30,000 crore
CFO News
APRIL 25, 2024
The budget combined targets under miscellaneous receipts. In FY24, government's capital receipts surpassed Rs 30,000 crore from disinvestment and asset monetisation. CPSE dividend collections reached a new peak of Rs 63,749 crore in 2023-24.
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This festive season, bigger e-commerce sales set to light up volumes
CFO News
SEPTEMBER 26, 2023
Ecommerce platforms in India, including Flipkart, Amazon India, Jiomart, Ajio, and Tata Neu, are set to offer steep discounts of up to 60% during the upcoming festive season sales. The companies have allocated a higher budget for online promotions this year, leveraging lower input costs.
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The 19+ best sales forecasting software of 2023
Cube Software
DECEMBER 30, 2022
Choosing the right sales forecasting software is essential to budgeting, planning, and the overall strategic direction of the sales division–and the entire organization.
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Budget vs Actual Variance Analysis
BlueLight
JUNE 2, 2020
For this piece, I’ll dive into a tactical analysis that is important to every CEO and CFO, the budget vs actual variance analysis. The variance is the difference between the budget and actual, typically expressed as a percentage difference or total cash difference. Why is sales efficiency down? per sales representative.
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It’s the time of the year for strategic planning and budgeting
CFO Simplified
DECEMBER 10, 2021
If you’ve never done this type of thing before, it may be best to start with an income statement budget that specifies month-by-month expectations for revenues, line-item expenses, net income, and EBITDA. The post It’s the time of the year for strategic planning and budgeting appeared first on CFO Simplified.
What electric two-wheeler makers need from Budget
CFO News
JANUARY 15, 2024
The Indian EV market continues to expand with rising sales of electric two-wheelers (E2W). E2W sales in FY23 nearly tripled compared to FY22, reaching 7,28,054 units. However, subsidies under the FAME Scheme were reduced, leading to a slowdown in sales earlier this year.
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The Difference Between Cost of Sales vs Cost of Goods Sold
CFO Share
NOVEMBER 21, 2023
In the world of business finance, the terms “Cost of Sales” (COS) and “Cost of Goods Sold” (COGS) are often confused. Grasping the difference between Cost of Sales and Cost of Goods Sold can illuminate aspects of your business’s profitability and operational efficiency in new ways. What is Cost of Sales?
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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. Because your budget will play a key role in making sound financial decisions for your business, it should be one of the first tasks you tackle. Your sales figures are a great place to start. Tally Your Income Sources: First things first.
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Budget 2022-23: Income from cryptocurrencies, NFT trade to be taxed at 30%
CFO News Room
FEBRUARY 2, 2022
While experts say that taxing these assets is a step in the right direction, the withholding tax of 1% may spoil the party for cryptocurrency traders.
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