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Why Financial Forecasting Is More Important Than Your Annual Budget

Centage

If your board asked you to run new numbers based on fresh assumptions, it took you days or weeks to create a new set of reports. But times have changed – which is why financial forecasting is more important than your annual budget. More than half (57%) are producing P&L forecasts more often than monthly.

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Cash Flow Forecasting: The Key to Future-Proof Your Business for 2022

Centage

Cash flow forecasting provides that much needed insight and is the most effective way to start future-proofing your business for the year ahead. Analysis can be flawed as the development and analysis of the cash flow statement is almost an afterthought and thus there’s no link between the cash flow analysis and critical business decisions.

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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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Business Budgeting and Forecasting Mistakes Finance Teams Face – And How to Combat Them

Centage

Your ability to provide expert guidance through your business budget and forecasting process will require you to have a deep understanding of your cash flow. These are big bets, and to make them, business leaders want confidence in their business budgeting and forecasting. How much can a CEO rely on the numbers in the forecast?

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Unpacking the value of digital transformation in finance

Future CFO

Leveraging data to offer informed decisions Going beyond RPA, the shift to the cloud and vast amounts of data now available means CFOs have an opportunity and expectation to broaden their focus to not only improve the bottom line, but to also contribute to the top line by leveraging data to provide actionable business insights.

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Making the Move: Cash Flow Forecasting Tips for Turbulent Times

Centage

With less cash to count on, knowing your cash flow position with cash flow forecasting has never been more important: how much is really in the bank, how much is available on short notice, what revenues are coming in when, and what resources are going out and when. We examine the reasons below.

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3 Ways to Use Power BI To Make the Most Of Nonprofit Data

Collectiv

Data analysis is a treasure trove for non-profits. Solid processes around nonprofit data give you critical information to highlight unique aspects of your organization, boost morale, increase credibility, enhance transparency, and build community awareness to support your mission.