Centage

MAY 3, 2023

During the selection process, we looked at several budgeting and planning tools, but quickly narrowed it down to Planning Maestro because of the solution’s personnel planning and forecasting capabilities and its ability to easily integrate with Dynamics GP. Q: What are the biggest benefits you are seeing with Centage’s Planning Maestro?

Budgeting 52

Budgeting Forecasting Nonprofit Reconciliations 52

The Finance Weekly

SEPTEMBER 10, 2023

It uses accounting rules like matching and accruals to show numbers (not cash transactions). Reconciliation of core statements: At this stage, the model creator often verifies that the numbers in each of the core statements align with the data in the others. It covers a specific time frame (like a year or a quarter).

Finance 52

Finance Financial Modeling Forecasting Concentration 52

The Finance Weekly

APRIL 5, 2022

The impact of data driven financial analysis goes well beyond its traditional role of budgeting and forecasting, and has the potential to contribute greatly as a forward thinking department for real-time decision making. More accurate forecasting. The cooperation between IT and finance has never been more important.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Planning Forecasting Budgeting 52

Spreadym

JUNE 19, 2023

Here is a general process for effective cash flow management: Establish a Cash Flow Forecast: Begin by creating a cash flow forecast, which estimates the expected cash inflows and outflows over a specific period (e.g., This forecast serves as a baseline for monitoring and planning your cash flow.

Cash Flow Forecasting 52

Cash Flow Forecasting Invoicing Forecasting Accounts Payable 52

PYMNTS

NOVEMBER 12, 2020

We have a number of solutions across markets, such as India, Southeast Asia and China, where cross-border payments have been brought down to effectively automated interactions that do two things: removing the need for paper as well as the ability to connect to customs and regulatory databases, both in a fully compliant manner,” he added.

Treasury 118

Treasury Cash Flow Forecasting Reconciliations Prioritization 118

PYMNTS

MARCH 4, 2020

“Native ERP reporting typically isn’t optimized to handle the structure of financial data, or many of the complex requirements like granular data, drill-downs, automated reconciliation and comparative reporting,” he said.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

The Finance Weekly

FEBRUARY 22, 2023

This includes raising capital, managing cash flow, accurately accounting for business activity, and forecasting future performance. report numbers accurately and make timely payments to employees and suppliers." Kunwar Chadha, FCMA, CGMA, encapsulated this idea succinctly in his , FM magazine article stating, "The first task was to.

Startups 52

Startups Finance CFO Forecasting 52

CFO Thought Leader

OCTOBER 10, 2023

Not unlike those of many of her peers, Howatson’s years in public accounting were laden with mentorship generously supplied by a partner (and a number of senior managers). Fast-forward a few years, as Howatson finds herself in a conference room seated alongside the company’s top management and a number of bankers.

CFO 52

CFO Financial Planning and Analysis (FP&A) Finance Reconciliations 52

PYMNTS

JULY 2, 2020

But as businesses hold onto their cash in preparation for more disruption ahead, an increasing number of firms are also taking a closer look at a different AP strategy that can support working capital needs without creating cash flow issues for valued suppliers. “It’s also the ergonomics of it.

Economics 104

Economics Accounts Payable B2B Reconciliations 104

Planful

JANUARY 11, 2022

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.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Finance Profit and Loss Reconciliations 40

Future CFO

NOVEMBER 5, 2019

Enabled by context-learning capabilities, these tools can extract data such as invoice numbers, bank account numbers, and the amounts payable regardless of the format of the invoices. To make these tools more accurate in document recognition and data extraction, finance functions need to train them with many sample documents.

Finance 52

Finance Auditing Invoicing Reconciliations 52

Future CFO

AUGUST 3, 2021

We had to move away from annual, half-yearly, or the quarterly forecasts; become nimbler as the business environment changed daily. Forecasts were updated weekly to adjust and reflect what opportunities each day brought,” said a finance director at another Singapore company. Planning times had to be reduced. “We

Finance 52

Finance Forecasting Financial Modeling Accounts Payable 52

PYMNTS

AUGUST 27, 2019

The Certified Personal Accountant (CPA) today now has a plethora of FinTech solutions they can use to manage their clients’ money, with the number of digital tools — including cloud accounting portals, cash flow forecasting solutions and intelligent technologies like artificial intelligence (AI) — continuing to rise.

Cash Flow Forecasting 60

Cash Flow Forecasting Accounting Standards Accounting Firms Reconciliations 60

PYMNTS

MARCH 26, 2018

As of November 2018, all SWIFT customers will be required to include the unique-end-to-end transaction reference (UETR) number in payment instructions, whether they are a part of gpi or not. Financial institutions that are part of gpi can gain automated updates to the status of payments and confirm payment completion.

Cash Flow Forecasting 43

Cash Flow Forecasting Reconciliations Invoicing Forecasting 43

PYMNTS

APRIL 9, 2019

But I think, for a number of reasons, you start to see the two go more hand in hand.” “This could, first of all, solve problems on the treasury side by reducing the number of disputes, to make cash application and reconciliation a lot more efficient, and to improve cash flow forecasting and cash conversion,” he explained.

Finance 63

Finance Cash Flow Forecasting Reconciliations Treasury 63

PYMNTS

FEBRUARY 25, 2020

B2B payments’ innovation trajectory continues to accelerate as more end-point solutions emerge to improve the vast number of friction points in the industry. Other key areas of opportunity for corporates to improve B2B payments exist outside the scope of the payment and into fields like financing, cash flow management and forecasting.

B2B 69

B2B Accounts Payable General Ledger Finance 69

PYMNTS

MARCH 17, 2020

Businesses continue to embrace the growing number of FinTech solutions available, a trend that traditional financial institutions (FIs) cannot afford to ignore. If I’m real-time on the front end, how do I think about back-end reconciliation? These are uncharted waters for our clients.”.

Treasury 69

Treasury Reconciliations Banking Compliance 69

PYMNTS

JANUARY 31, 2018

The movement of information is filled with friction in B2B transactions today, with deals across borders and between third- and fourth-parties, creating a muddle of data that can delay supplier payments and disrupt the reconciliation process. The main drivers for using EDI remain cost, its standards and established nature.

B2B 43

B2B Education Forecasting B2C 43

Planful

SEPTEMBER 1, 2016

Here, she highlighted the challenges organizations face in managing the financial close and reporting process – tracking tasks, handling account reconciliations, ensuring the right controls are in place, and improving accuracy of reporting. The answer is that the solutions are quite complementary – in fact, a number of companies use both.

Technology 40

Technology Accounting Auditing Reconciliations 40

Planful

JULY 27, 2016

The good news here is that cloud-based solutions have been available for a number of years, and many now offer the same capabilities as on-premises solutions. They also provide a number of advantages over on-premises solutions: Speed of deployment. Streamline adjustments and intercompany reconciliations by 50 – 80%.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Planning Value-Added Analysis Budgeting 40

Centage

SEPTEMBER 6, 2022

As a business owner or chief financial officer (CFO), spreadsheets may be an important part of your financial forecasting, planning, and budgeting processes. Excel does not have audit trail capabilities, so it is difficult to prevent fraud as numbers, and other financial data can easily be changed by any user.

Securities 98

Securities Cash Flow Forecasting Budgeting Forecasting 98

The Finance Weekly

APRIL 13, 2024

This includes tracking past financial activities, ensuring compliance and reporting, as well as forecasting future financial scenarios for better budgeting. After aggregating and validating your forecasting data, you can choose between a tabular data presentation or a visual dashboard for sharing insights with stakeholders.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Invoicing Budgeting 52

Centage

SEPTEMBER 6, 2022

As a business owner or chief financial officer (CFO), spreadsheets may be an important part of your financial forecasting, planning, and budgeting processes. Forecasting. Excel does not have audit trail capabilities, so it is difficult to prevent fraud as numbers, and other financial data can easily be changed by any user.

Securities 52

Securities Cash Flow Forecasting Budgeting Forecasting 52

PYMNTS

JULY 10, 2019

The payments and technology giant announced Tuesday (July 9) the rollout of its Virtual Card Receivables Service, a tool to digitize the virtual card payment acceptance and reconciliation process for businesses.

Cash Flow Forecasting 62

Cash Flow Forecasting Reconciliations Invoicing B2B 62

CFO Simplified

APRIL 8, 2022

Bank reconciliations should be reviewed by management. Develop a cash flow forecast, identifying cash to be received and cash expenditures each week. Match the forecast to actuals on a weekly basis. Focusing on those important numbers will improve critical decision-making to operate the business. Recommendation.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Reconciliations Forecasting 52

PYMNTS

AUGUST 12, 2016

Reconciliation becomes a massive headache for the institution, especially when tens of thousands of remittances hit them at one time, which is the nature of the tuition payments beast. It also reported losses – but losses that weren’t as bad as forecasted. Online lender OnDeck also reported a mixed bag of earnings on Monday.

Reconciliations 40

Reconciliations Prioritization Securities Banking 40

CFO Leadership

MARCH 31, 2022

In the past few years, the number of global mergers and acquisitions has reached an all-time high. Connect to your global banks to automate statement collection and reconciliation. Forecast future cash flows. Our current forecasting process doesn’t require a crazy amount of time. In the dark about global cash?

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

PYMNTS

MARCH 2, 2020

Additionally, data connectivity can benefit a range of processes, like payroll and cash forecasting. Addressing business payments friction means being able to tackle challenges like fraud and reconciliation while also supporting corporates’ need for choice in the payment rails they use to send and receive funds. A Game of Scale.

Accounting 56

Accounting Reconciliations Profit and Loss B2B 56

Embark With Us

JANUARY 19, 2022

Because that's precisely what it does – it helps convert your business data from mountains of numbers your team pushes across innumerable spreadsheets into invaluable business intelligence. Reconciliations shouldn't induce night sweats. Like creating value in any number of initiatives you could be undertaking instead.

Accounting 98

Accounting Finance Data Analysis General Ledger 98

Planful

OCTOBER 5, 2021

Who could argue with fewer days spent in consolidation, forecasting, and reporting? This way, the FP&A system functions as a single source of truth housing all of the most up-to-date data, and the finance team doesn’t have to lose time at the end of each month culling and consolidating numbers from across the business.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Finance Profit and Loss Benchmarking 40

Barry Ritholtz

OCTOBER 3, 2023

If you look at the, if you look at the filing and you look at the size of the company and the revenue, the entire yearly revenue numbers would be a bad quarter right? You know, my, my number one priority was to operating the firm on a day-to-day basis. It’s 01:00:58 [Speaker Changed] A giant number. It just tells you.

Marketing 108

Marketing Treasury Banking Profit and Loss 108