Remove use-case strategic-planning-software
article thumbnail

When to Use a ‘Decision Tree’ for Business Planning

CFO Selections

The “branches” off each decision alternative that result use data analysis to forecast the most likely outcome of each decision. Decision trees can be more conceptual in nature or have numbers to back up decision scenarios, as is the case of pricing changes affecting revenue figures.

article thumbnail

Upping spreadsheet value in 2023 for digital finance

Future CFO

billion people who use Excel – Microsoft's version of the spreadsheet. Wonder estimates up to 2 billion people use Google Sheets every month. Why spreadsheets remain popular Despite advances in analytics, databases and collaboration software, spreadsheets continue to be popular among users as an easy-to-use and accessible technology.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Ep 31: Projecting The Voice of Reason

CFO Thought Leader

This episode of Planning Aces sheds light on the critical role financial leadership and strategic planning plays in guiding companies through turbulent times and the importance of balancing short-term opportunities with long-term strategic planning. Konold managed this surge and the subsequent market normalization.

article thumbnail

Financial Planning for 2023 and Beyond: Steps to Nail Your Three Year Strategic Plan with Modern FP&A

Centage

As you start your financial planning for 2023 and beyond, follow these steps to solidify your three-year strategic plan and boost the odds of achieving your business’ goals. Avoid using data from too many years, as doing so could lead to decision paralysis. Set the past as your baseline to predict the future.

article thumbnail

FP&A best practices for 2024

Centage

Financial planning and analysis is at the heart of strategic decision-making for businesses, and as we step into 2024, it’s crucial to align your FP&A processes with the latest trends and best practices. Building a business case for FP&A software involves getting buy-in from other stakeholders across the organization.

article thumbnail

When to use FP&A software for nonprofits

Centage

Building and maintaining an effective budget is daunting no matter what industry you’re in — but financial planning for nonprofits is especially tough. Modern, automated FP&A software, fueled by data-driven insights, streamlines the time-consuming and error-prone processes such complexity creates. No programming. No formulas.

article thumbnail

Implementing A Good Data Strategy Has Become Essential

The Finance Weekly

Companies may use data to make better decisions, gain a better understanding of market trends and customers, create smarter products and services, improve corporate operations, and generate new revenue streams. But what does this mean for those tasked with evaluating the return on investment of a data strategy and business use cases?