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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. If you wait until the recession is upon you to start planning, you may well end up taking steps that damage your business over the long term.

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The Power of Accurate Personnel Planning in Times of Uncertainty

Centage

If companies want to succeed, they need to craft their personnel planning with care, ensuring their choices hold up to close scrutiny from upper management and investors. The Importance of Workforce Planning Companies often confuse strategic workforce planning with more general annual resource planning.

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Limitations of Microsoft Excel for budgeting and planning

Spreadym

Microsoft Excel is a widely used tool for budgeting and corporate planning, but it has several limitations and potential issues when used for these purposes. Here are some of the key techniques used in corporate data processing: Scalability Excel was designed to be used for small-scale data analysis and calculation.

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The Ins and Outs of Budgeting and Planning Drivers

Centage

In the current economic climate, proper financial planning and management are more essential than ever before. With that in mind, many businesses are turning to budgeting and planning drivers as a way of obtaining more accurate information. Managers can then run scenarios with the drivers to improve long-term strategic planning.

Budgeting 105
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The Challenges of Constant Change and the Need for Accurate Scenario Planning

Centage

Along with being agile and able to pivot on a dime, these businesses have the ability to make decisions and act on them with confidence, and that means mastering the art of scenario planning. Read on to learn about the importance of evaluating business assumptions and discover the top variables affecting scenario planning.

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What is the revenue planning process? Approaches and difficulties

Spreadym

Revenue planning is the process of estimating and forecasting an organization's future revenue streams. It involves setting revenue targets, developing strategies to achieve those targets, and creating a plan to monitor and adjust the revenue-generating activities over a specific period, such as a fiscal year.

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Planful vs. Datarails

The Finance Weekly

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.