Remove Financial Planning and Analysis (FP&A) Remove Forecasting Remove Manufacturing Remove Profit and Loss
article thumbnail

This FP&A Factor will Cost US Businesses $7,800,000,000 in 2022

The Finance Weekly

A study by the University of Baltimore and Excel-based FP&A company, , DataRails , lays out the full economic costs of businesses sticking with manually prepared financial reports. billion is the first number that came out of the research and this represents the total amount of money lost by manual financial work. .

article thumbnail

When Is It OK to Prioritize Business Growth Over Business Debt?

Planful

In 2019, global corporate debt held by non-financial corporations reached over 75 trillion U.S. With worldwide spending on cloud computing forecast to grow by 18% this year, many companies already realize the value of cloud-based technology. moves from Low to High Impact), so does an organization’s productivity and profits.”

article thumbnail

10 Tips CFOs Can Use to Put AI in Finance to Work Today

Planful

Consistent with their 2018 forecast, McKinsey’s late 2020 study found that organizations that invested more in digital than their competitors were twice as likely to report outsize revenue growth. Now is the time for CFOs at organizations of all sizes to lean on AI to plan, budget, and forecast with greater accuracy, speed, and confidence.