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How forecast error analysis improves your FP&A process

Centage

Forecasting errors are an inevitable part of the budgeting process. Quickly identifying forecast errors in your budget is not a sign of failure, but an opportunity for improvement. Forecast error: Definition and Types In the simplest terms, forecast errors are the difference between predicted values and actual outcomes.

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The Value of Data-Driven Cash Flow Forecasting

Centage

While you might not be able to prevent the next economic downturn, there are steps your business can take to ensure you’re in the best possible position to handle what’s to come. To survive and thrive in the current corporate environment, you need to have more financial data than the competition.

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How global treasurers and CFOs should approach an erratic economy

Future CFO

Global corporate treasury leaders can serve as particularly essential strategic advisers right now— if they can harness the right data, analysis, and technology strategy to navigate choppy market conditions. This is why nearly half of the surveyed treasurers describe cash forecasting as somewhat or extremely difficult.

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How to Find the Best FP&A Candidates for Your Team

Spreadym

Financial Planning and Analysis (FP&A) candidates are professionals who specialize in financial planning, budgeting, forecasting, and analysis within an organization. Here's more about who FP&A candidates are: Education: They often have a bachelor's degree in finance, accounting, economics, or a related field.

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

Centage

As the country moves out of the crisis period and toward recovery, companies need to abandon earlier forecasting methods based on old information on customer demand. The end result is improved forecasting when it comes to revenue, profitability, and cash flow.

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5 Ways to Evolve Your FP&A Process During Times of Constant Change

Centage

Between pandemic insecurities, a supply chain crisis, labor shortages, and the growing threat of recession, companies that rely on traditional planning and forecasting may find themselves struggling to stay competitive. To stay agile and accurate, businesses need to utilize automated financial tools that allow for rolling forecasts.

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Three Tips to Increase Profit Margins During Times of Uncertainty

Centage

The current economic climate is causing profound challenges for business owners across industries. Sophisticated FP&A software tools like Planning Maestro enable finance teams to automate routine tasks such as manual data entry, accelerating workflows and improving forecasting.