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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

Faced with ongoing market volatility, the enterprise C-suite is leaning on its treasury teams like never before to protect company assets and to (ideally) also capitalise on competitive opportunities emerging from an unstable macroeconomic climate. This article discusses some of the key takeaways from that report.

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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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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. For this reason, many companies opt to abandon Excel budgeting in favor of a tool that can handle driver-based planning and forecasting. Data Integrity Are you sure that your current forecasts are accurate?

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