Centage

MAY 23, 2023

As we approach the halfway point of 2023, it’s a good time to take a close look at your budget and determine where you and your team are succeeding versus falling short. Keep reading to learn more about the importance of a mid-year budget review and discover our expert tips for financial success.

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CFO News Room

NOVEMBER 13, 2022

But more importantly, marketers know from experience that when the economy turns, their budget is an easy target. During the pandemic, we saw numerous productive marketing advances, many of which were long overdue — from more agile budget allocation to accelerated digital transformation connecting marketing and e-commerce.

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Future CFO

FEBRUARY 25, 2024

Editor’s note: Have you already adopted agile budgeting? Pannie Sia (pictured), general manager, ASEAN, Workda y explains what it is, how it’s different from traditional budgeting, the benefits it brings, and how CFOs can make agile budgeting effective and successful. FutureCFO: Why do finance functions do agile budgeting?

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CFO News Room

FEBRUARY 5, 2022

lakh crore, against the Budget estimate of Rs 12.05 Also Read| Budget 2022: FM proposes to permit taxpayers to file updated ITR on payment of additional tax. The Budget has projected a fiscal deficit of 6.4% of the gross domestic product (GDP) in FY23 and below 4.5% lakh crore to Rs 13 lakh crore. lakh crore. in 2025-26.

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CFO News Room

FEBRUARY 4, 2022

The announcements made by the finance minister are expected to accelerate the sector’s growth by focusing on streamlining agricultural value chains to boost farmer incomes and farm productivity. By D Narain.

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Centage

JUNE 20, 2023

Budgeting season is almost here. For many CFOs and budget managers, it will be a time of an endless stream of data, requests and revisions. But what happens if after all the time, energy and resources devoted to it, the budget still doesn’t quite stack up? You likely already know the answer. The worst part? A better solution?

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Centage

AUGUST 15, 2022

With that in mind, many businesses are turning to budgeting and planning drivers as a way of obtaining more accurate information. A newer approach to financial management, driver-based planning involves examining a company’s main business and value drivers with a goal of designing plans and budgets with them in mind.

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Centage

OCTOBER 23, 2023

The traditional budgeting and forecasting planning processes can be long and painful. Any number of issues can arise that render forecasts or the line items on an annual budget quickly outdated. It’s because of these challenges that many organizations have moved to driver-based budgeting and planning.

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Spreadym

OCTOBER 10, 2023

Variance reporting is a financial and management accounting process used to analyze the differences between budgeted or expected figures and actual performance results. Key aspects of variance reporting include: Budget or Target Figures: This is the baseline against which actual performance is compared.

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Centage

OCTOBER 23, 2023

Your teams have spent months creating, adjusting, re-creating, and finalizing your budget for the next year. You’re finally ready to bring your annual budget presentation to the board. Is the board going to care that you’ve allocated 20% of IT’s budget for training? Sales teams have projected their volumes. Or are you?

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CFO News Room

FEBRUARY 3, 2022

per cent that was originally budgeted. The major thrust of the just announced Union budget is on enhancing capital expenditure. This emphasis on capital expenditure is a major takeaway from the budget, says Dr Rangarajan speaking to Financial Express Online in the context of the just announced Union budget.

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Spreadym

SEPTEMBER 12, 2023

Budget preparation is the process of creating a detailed financial plan that outlines an organization's expected income and expenses for a specific period, typically for a fiscal year. Here are the key steps involved in budget preparation: Define Objectives and Goals : Begin by establishing clear financial objectives and goals.

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Future CFO

MARCH 21, 2024

Chief financial officers are planning to increase budgets for employee compensation, according to a survey by Gartner, Inc. The post CFOs eye budget increase for employee compensation, Gartner says appeared first on FutureCFO. Employee compensation is second only to technology with 82% of CFOs planning an increase in 2024.

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Centage

NOVEMBER 28, 2022

When you think of a business that’s recession proof, you probably imagine a company that provides the type of essential products people need regardless of the state of the economy. With proper budgeting and forecasting, just about any business can protect itself against recession. Actuals are an essential component of every forecast.

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Spreadym

SEPTEMBER 19, 2023

Budgeting and forecasting in business are both financial planning tools used by businesses, but they serve different purposes and have distinct characteristics. Here's an overview of the key differences between budgeting and forecasting. Forecast: Forecasts are not used for performance measurement in the same way as budgets.

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Centage

JULY 19, 2022

Business budgeting is a crucial factor with the ability to impact a business’ long-term success or failure. Along with providing important information regarding day-to-day operations, an accurate budget better enables companies to predict revenue, trim costs, and make decisions regarding expenditures and opportunities.

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CFO News Room

FEBRUARY 5, 2022

The provision of fuel subsidy for sensitive petroleum products (DBTL on LPG sales) may be inadequate in case international prices of crude oil continue to rise and there is resistance from consumers to further price hikes,” Prashant Vasisht, vice president at ICRA said. crore spent on this account in FY21. cylinder in Delhi).

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Centage

DECEMBER 7, 2022

the maker of QuickBooks Online Advanced, to bring automated budgeting, forecasting, reporting and analytics capabilities to QuickBooks Online Advanced customers and mid-market organizations looking for more robust and streamlined budgeting capabilities. Real-time reporting – specifically around variance reporting, and alerting.

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CFO News Room

FEBRUARY 6, 2022

To generate employment, we have brought in production linked schemes and given incentives to manufacturing companies, she says. How is the budget is going to promote job creation? To generate employment, we have brought in production-linked schemes and given incentives to manufacturing companies. It is a speaking budget.

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Anaplan

JUNE 11, 2021

Effective annual budgets aren’t just top-down initiatives to allot spending and set production targets. Done right, they can embody corporate priorities and spur growth.

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CFO Simplified

FEBRUARY 17, 2022

Nobody likes creating a budget. But budgeting is vital because it’s the company’s plan for the coming year. If the proper analysis is done, then the budget becomes a tool to guide the company forward. Budgeting is a process that may result in multiple iterations before the resulting numbers are acceptable. Evaluation.

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CFO News

JANUARY 30, 2024

Budget expectations: As India prepares for the 2024 interim budget before the Lok Sabha elections, there is optimism that the budget will focus on rural jobs and schemes, including initiatives like 'Make in India,' expansion of Production-Linked Incentive (PLI) schemes, and targeted agriculture-related subsidies and incentives.

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Future CFO

AUGUST 17, 2023

When it comes to planning and budgeting, Forrester advised that more realistic budget expectations will serve leaders well as they enter 2024 though now is not the time to hunker down, as stakeholder expectations for growth remain steadfast. The post Planning and budgeting: What areas will you increase investment in 2024?

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Future CFO

MARCH 23, 2022

Download this guide to discover how Robotic Process Automation (RPA) can radically improve productivity, velocity and resilience across your business, with a showcase of use cases in terms of Operational Budgeting, Resource Planning, Financial Management and Talent Management.

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Centage

DECEMBER 1, 2021

Once upon a time, businesses were satisfied with creating an annual budget. You used your budget as a measuring stick to gauge performance against assumptions made months ago. But times have changed – which is why financial forecasting is more important than your annual budget. What’s the Financial Forecast Look Like?

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CFO News

JANUARY 21, 2024

Jindal Stainless Ltd (JSL) MD Abhyuday Jindal has urged the government to remove import duty on raw materials in the upcoming Union Budget to provide a level-playing field to the domestic stainless steel industry. Cheap and sub-standard stainless steel products from countries like China and Vietnam are affecting the domestic market.

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CFO News Room

FEBRUARY 5, 2022

The finance minister has delivered a progressive Budget, spelling out the government’s goal to complement macro-growth with micro-all-inclusive welfare, while giving a thrust to the key economic drivers such as strengthening the start-up infrastructure, digitisation, fintech, tech-enabled development, energy transition and climate action.

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Centage

APRIL 11, 2023

So it’s no surprise that customer feedback is one of the most valuable tools in a company’s product development arsenal. Not only can your buyers provide commentary on your products and services, but they can also suggest opportunities for improvement, helping you correct weaknesses before they impact your bottom line.

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Future CFO

SEPTEMBER 26, 2023

Digital leaders are confident that embracing technology across various areas of business is bringing productivity gains, according to a latest survey by KPMG. The KPMG Global Tech Report 2023 found that advancement in technology is not being slowed by the uncertainties in the economy.

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Future CFO

FEBRUARY 15, 2023

CFOs plan budget changes and sales functions are likely to get more resources in 2023, said Gartner recently. Executive teams must enhance profitability and cashflow quarter-to-quarter across 2023, and they continue to embrace technologies that will simplify workflows, reduce people costs, and enhance overall productivity,” said Bant.

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Future CFO

MARCH 26, 2023

Security budgets are forecast to net increase by 29% in 2023 compared to a year ago, after a 26% rise in 2022, said S&P Global Market Intelligence recently when releasing the report of the Voice of the Enterprise: Information Security, Budgets & Outlook 2023 study.

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Spreadym

MARCH 12, 2023

In the context of companies and their products, categorization is the process of organizing products into groups based on similar characteristics or attributes. For example, a retail company clothing may categorize its items by type of product, by location of the shop, by distribution center that supply several or so on.

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E78 Partners

SEPTEMBER 28, 2023

Leveraging Interim Solutions Interim solutions emerge as a strategic response to this talent shortage, particularly during the critical period of budgeting and planning and year-end season. The post Interim Solutions for Enhanced Budgeting, Year-End, and Audit Preparation in a Competitive Talent Market appeared first on E78 Partners.

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Future CFO

OCTOBER 4, 2022

When it comes to CFO budget 2023, only 7% of finance leaders plan to cut customer service spending over the next 12 months, said Gartner recently. CSS leaders should therefore prioritise the technologies that meet these criteria to make the strongest case for investment when it comes to CFO budget 2023, the research firm advised.

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Cube Software

SEPTEMBER 22, 2023

As a former 3x CFO, I've survived my fair share of budget seasons—and so has my colleague , Chris Ortega (fractional CFO and CEO of Fresh FP&A). From budget season horror stories to tales of success, Chris and I discussed it all in our recent webinar, Surviving Budget Season: 4 Proven Tactics for Finance Leaders.

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CFO News Room

FEBRUARY 5, 2022

Budget 2022-23 has has attempted to strike a delicate balance between near-term priorities and long-term objectives by seeking to provide immediate comfort to the vulnerable impacted by the Covid-19 pandemic, and preparing a blueprint for India’s future at the same time. By Chandra Shekhar Ghosh.

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Spreadym

MAY 26, 2023

Budgeting software is an application designed to assist businesses in creating, managing, and tracking their budgets. It helps automate and streamline the budgeting process by providing tools and features to input financial data, allocate funds to different categories, monitor expenses, and generate reports.

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