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Limiting Capabilities Due to Excel Formula Learning Curves for Businesses

Centage

Depending on the formula type, Excel can also round off large numbers using unprecise calculations, compromising your data’s accuracy. The software offers users an accurate way to plan, budget, forecast, and communicate financial performance. Connect With the Professionals at Centage Corporation Today.

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5 Accounting Challenges Startups Face and How to Help Them Thrive

The CFO College

Using a rolling cash forecast is a value-add service you can provide to assist in cash forecasting. A rolling cash forecast will normally look forward 6 or 9 months, and each month the oldest month is removed and a new month added. The rolling cash forecast is one of many CFO-level skills we teach in our program.

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How Data Guides A New Era For The ERP

PYMNTS

Similar challenges have emerged in the traditional ERP’s ability to meet modern financial planning, cash flow forecasting, and risk analytics needs, he added. These applications tend to back right into the General Ledger, the central financial data repository at the heart or ERP core financials,” he said.

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Finance Teams: Stop Wasting Time on Manual Account Reconciliation & Automate

The Finance Weekly

Account reconciliation is the matching and validating of balances in the general ledger (GL) to internal and external sources or other independent calculations to accurately close month-ends and year-ends. For both internal and external sources, each balance has to match the corresponding account in the general ledger.

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FP&A Maturity is the Future of Finance

The Finance Weekly

At this stage of maturity, the FP&A function or team is frequently a component of other financial entities such as accounting, treasury, or the finance function in general, with roles and responsibilities that are not clearly defined and processes that lack formal description. We accountants are great at reading off the numbers.

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What New Payment Rails Miss About Solving B2B’s Remittance Challenge

PYMNTS

B2B payments’ innovation trajectory continues to accelerate as more end-point solutions emerge to improve the vast number of friction points in the industry. They need the remittance data, whether it’s incoming or outgoing, to be able to sync up with their general ledger system.”. This is what businesses are asking for.

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Strategic Budgeting and Forecasting: Five Questions to Consider

Centage

While spreadsheets have long reigned supreme as the foundation of budgeting and forecasting for many organizations, the shortcomings of this legacy, siloed tool have become too hard to ignore. Accuracy is the critical to the budgeting and forecasting process. Confidence – Am I confident in the numbers coming out of the model?

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