Centage

AUGUST 15, 2022

In the current economic climate, proper financial planning and management are more essential than ever before. With that in mind, many businesses are turning to budgeting and planning drivers as a way of obtaining more accurate information. Managers can then run scenarios with the drivers to improve long-term strategic planning.

Budgeting 105

Budgeting Planning Forecasting GAAP 105

Centage

JULY 25, 2023

Though some businesses rely on Excel for budgeting and financial management needs, the software has some notable disadvantages that may make it a less-than-optimal solution for your business. If a member of your team accidentally enters inaccurate data, this could throw off your company’s entire budget.

Budgeting 98

Budgeting Financial Planning and Analysis (FP&A) General Ledger Forecasting 98

Centage

JANUARY 17, 2023

Between a volatile stock market, high interest rates, supply chain issues, inflation, and a possible recession, having a solid financial planning process in place is an important piece of sustaining your business through challenging times. How to Use a Budget vs Actual Statement and Why It’s Important.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Budgeting Planning Forecasting 98

CFO Share

APRIL 12, 2024

Here’s one piece of universal small business advice to all business owners: invest equal time in financial risk management as growth planning. What would you do if you lost your largest customer? Or your key sales person? Answer these and other key questions once per quarter to ensure you know all your options.

Risk Management 104

Risk Management CFO Restructuring Sales 104

Centage

DECEMBER 15, 2022

Why Accurate and Granular or Detailed Financial Reporting is Imperative During Times of Volatility. Often, CFOs and executive teams put together a plan that represents a snapshot of what they believe will happen, based on the best data they have available at the time. The Benefits of Modernizing Your Process.

Financial Reporting 98

Financial Reporting Financial Planning and Analysis (FP&A) Forecasting Profit and Loss 98

Centage

DECEMBER 21, 2022

The Value of Stress Testing Your Financial Plan. As we approach the end of the fiscal year and begin a new one, business leaders have an overriding concern: How accurate are the assumptions we made when we created our plan? All plans, to a certain extent, are based on assumptions. Scenario Planning and Goal Alignment.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Planning Forecasting Budgeting 98

CFO Simplified

APRIL 15, 2024

Are you missing Strategic Planning? Let’s quickly get through the first three items in any strategic plan. These are key to making sure that everyone in your company is on the same page. Vision and Mission Statement – Why do you exist, and what is it that you provide to the marketplace? Here’s a quick review.

Strategic Planning 52

Strategic Planning Planning Leadership CFO 52

Generation CFO

JANUARY 31, 2022

What better way to kick off an explanation than with a diagram? If you can get it right, this can mean huge benefits for your organisation – however, if you get it wrong, well… as Ramich continues, “you could lose precious customers.”. This is why customer centricity drives digital transformation. Let me hear them!

Communication 213

Communication CFO Technology Accounting 213

Centage

MAY 23, 2023

Fortunately, there are steps you can take to keep your business moving forward regardless of market changes. By assessing your financial circumstances at various points in the year, you can anticipate future problems, heading off issues before they appear. For example, maybe your company has failed to find team members for key roles.

Budgeting 98

Budgeting Financial Planning and Analysis (FP&A) Forecasting Data Analysis 98

CFO Leadership

OCTOBER 10, 2023

Generative AI can provide the “why” behind financial analyses AI’s integration into financial planning is reshaping how financial professionals can extract valuable insights from data, make more accurate projections, and optimize planning processes alongside business leaders.

Financial Planning and Analysis (FP&A) 115

Financial Planning and Analysis (FP&A) Finance Compliance Forecasting 115

Centage

JULY 11, 2023

Planning 2024 budgets takes forethought and considerable prep work. Why It’s Important to Prep for Budget Season The old adage “if you fail to plan, you plan to fail” is alive and well in the business world. That’s why it pays CFOs to take proactive action. All these things take time.

Budgeting 98

Budgeting Forecasting CFO Sales 98

CFO Plans

MAY 16, 2024

In today’s fast-paced business world, CFOs and financial managers are constantly seeking ways to optimize operations and boost efficiency. Here’s how SaaS accounting software is revolutionizing financial management and why it’s essential for CFOs. Explore How CFOPlans Can Help Modernize Your Accounting.

Accounting 52

Accounting Compliance Manufacturing CFO 52

CFO News Room

DECEMBER 23, 2022

Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that Congress appears poised to pass “SECURE Act 2.0”, a series of measures that will have significant impacts on the world of retirement planning. Adam is an Associate Financial Planning Nerd at Kitces.com.

Mergers and Acquisitions (M&A) 130

Mergers and Acquisitions (M&A) Planning Valuation Securities 130

Nerd's Eye View

JUNE 20, 2023

Which inspired him to change the way he engages with his clients around financial planning… and ultimately led him to write a book to honor her, and help his clients (and other retirees) learn from his mother’s story.

Leadership 93

Leadership Planning 93

CFO News Room

NOVEMBER 16, 2022

With inflation running hot, a potential recession looming, and both stock and bond markets seeing significant drops so far this year, there is no shortage of potential stressors for financial planning clients. Why does that happen? Why does fear often turn into anger? Your portfolio is well-balanced. Clara: Yes, yes.

Communication 130

Communication Planning Construction Marketing 130

CFO News Room

DECEMBER 30, 2022

has brought a wide range of changes to the world of retirement planning. And given the variety of planning opportunities created by the legislation – from the raising of the beginning age for RMDs to the ability to transfer funds from 529 plans to Roth IRAs – advisors have a significant opportunity to demonstrate value for their clients!

Planning 130

Planning Auditing Investments Securities 130

CFO News Room

DECEMBER 3, 2022

Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with a research study suggesting that the market volatility experienced in 2022 could increase demand for financial planning services. Why wrap fee programs appear to be in the crosshairs as the SEC begins to enforce Reg BI.

Communication 130

Communication Investments Planning Marketing 130

CFO News Room

FEBRUARY 4, 2022

If you and your family want financial security, following a budget is the only answer. Below are six good reasons why everyone should create and stick to a budget. A budget is simply a spending plan that takes into account both current and future income and expenses. It Helps You Keep Your Eye on the Prize. Key Takeaways.

Budgeting 130

Budgeting Planning Securities Investments 130

Centage

APRIL 6, 2022

When all of your key drivers are aligned and impact the business in a positive way, your business will grow. The key is to have a keen understanding of your business drivers, and build your financial plan around them. There are three types of financial scenario planning: . Sensitivity Analysis.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Planning Forecasting Budgeting 98

CFO News Room

NOVEMBER 21, 2022

A common service model for many financial advisory firms is to schedule annual client meetings throughout the year where the advisor meets with each client in the month they started working with the firm, and conducts a comprehensive review of all planning topics for the client. Author: Kyle Moore. Guest Contributor.

Planning 130

Planning Concentration Communication Tax Planning 130

Centage

JUNE 20, 2023

Here’s the good news: there are best practices, along with modern systems, that your organization can use to improve your budgeting processes and results. Here are a few of the biggest reasons why modern FP&A can help your organization rethink its approach to the traditional budgeting process.

Budgeting 97

Budgeting Forecasting Finance Planning 97

CFO News Room

NOVEMBER 29, 2022

Michael Kitces is Head of Planning Strategy at Buckingham Strategic Wealth , a turnkey wealth management services provider supporting thousands of independent financial advisors.

Leverage 130

Leverage Planning Concentration Tax Planning 130

Centage

AUGUST 10, 2022

With supply chain bottlenecks making it hard for businesses to access necessary goods and services, many companies are looking for a way to get back on track this year. Better business planning. Revisit Your Budget…More Frequently When was the last time you revised your budget up or down? The answer?

Planning 98

Planning Budgeting Economics Forecasting 98

Centage

NOVEMBER 3, 2022

Where is your organization located and how many people do you employ? What is your primary focus/specialty, and why? What is your primary focus/specialty, and why? Who are your clients and how do they benefit from your service and/or product offerings? Who are some of your notable clients?

Budgeting 97

Budgeting Nonprofit Healthcare Forecasting 97

Centage

APRIL 24, 2023

As change continues to add uncertainty to the Healthcare sector finance leaders remain tasked with effectively analyzing, monitoring and predicting the financial performance of your organization. Accelerate your budgeting cycles and minimize the risk of data errors. Generate detailed personnel plans.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Healthcare Forecasting Planning 98

Centage

JANUARY 3, 2023

At Centage Corporation, we offer Planning Maestro ® as an industry-leading solution that uses cloud-computing innovation and practical methods to streamline automation, performance, and integration. Depending on the formula type, Excel can also round off large numbers using unprecise calculations, compromising your data’s accuracy.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) General Ledger Budgeting Forecasting 98

CFO News Room

DECEMBER 21, 2022

Monte Carlo simulations have become the dominant method for conducting financial planning analyses for clients and are a feature of most comprehensive financial planning software programs. One key nuance to the use of Monte Carlo simulations is whether they are being used as part of a one-time plan versus an ongoing planning process.

Planning 130

Planning Marketing Communication Finance 130

CFO News Room

NOVEMBER 26, 2022

Also in industry news this week: The Biden administration has extended the student loan payment pause out to as far as August 31, 2023 amid legal battles over its broader student loan relief plan. Why RIA M&A activity has slowed down since October and how deal structures could be affected in the current economic environment.

Mergers and Acquisitions (M&A) 130

Mergers and Acquisitions (M&A) Planning Securities Investments 130

CFO News Room

NOVEMBER 24, 2022

Welcome to the Tiny Town Where Half Your Neighbors Are Polar Bears WSJ. Why Wild Turkeys Hate the Wild The Atlantic. Here Are 5 Ways We Can Still Help Save the Planet. To protect yourself: -keep 1m distance from others -disinfect surfaces frequently -wash/rub your -avoid touching your pic.twitter.com/fpkcpHAJx7.

Restructuring 130

Restructuring Construction Healthcare Economics 130

CFO News Room

DECEMBER 1, 2022

As financial planning has evolved over the years, better tools have become available to help advisors maximize their impact with more clients by increasing their efficiency. robo-advisors) might someday replace human advisors, there are still many elements of financial planning that benefit from engagement with a human advisor.

Technology 130

Technology Planning Investments Leverage 130

CFO Talks

AUGUST 2, 2023

The power of community On overcoming imposter syndrome Claudene says, “You have to have more confidence in your ability and the way you present yourself, and eventually you start to understand your role and fulfill it with more conviction. But for me, another big part of it is community. Am I making the right decision?’

Risk Management 97

Risk Management CFO Leadership Compliance 97

Centage

SEPTEMBER 20, 2022

Between pandemic insecurities, a supply chain crisis, labor shortages, and the growing threat of recession, companies that rely on traditional planning and forecasting may find themselves struggling to stay competitive. The result is that you can evaluate what-if scenarios and adjust your plans as needed.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Forecasting Budgeting Planning 98

Centage

DECEMBER 7, 2022

The Planning Maestro App for QuickBooks Online Advanced provides a two-way sync of financial data between QuickBooks Online Advanced and Planning Maestro, resulting in improved efficiency, fewer manual processes, and greater confidence in data quality and integrity. Key Priorities & Requirements for Finance in 2023.

Budgeting 98

Budgeting Planning Forecasting GAAP 98

Barry Ritholtz

NOVEMBER 3, 2022

I direct your attention to the chart of CPI and Fed Funds Rate above. I don’t care what your personal theories on monetary policy might be, your thoughts on Milton Friedman, or who you plan on voting for next week. Previously : When Your Only Tool is a Hammer (November 1, 2022). October 7, 2022).

Planning 124

Planning Marketing 124

Centage

JANUARY 24, 2023

with Jenny Barker, Senior Budget Manager, HASCO Moving Away From Excel Saves Time and Complexity, Offering More Detailed Budget vs. A ctuals Analysis Q: Can you tell us a little about your organization? Why did you begin your search for a new solution? A: Prior to Centage, we had been using Excel for budgeting and planning.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Budgeting Forecasting Nonprofit 98

CFO News Room

DECEMBER 17, 2022

From there, we have several articles on practice management: Why it is important for advisors charging on a fee-for-service basis to regularly reassess their pricing, and best practices for letting current clients know about a fee increase. Adam is an Associate Financial Planning Nerd at Kitces.com. Enjoy the ‘light’ reading!

Education 130

Education Planning Benchmarking Investments 130

The Finance Weekly

JANUARY 19, 2023

A strategic CFO focuses on creating long-term plans to achieve the company's goals. Specialists in operational finance create financial models that outline the details of business processes and their impact on the company's goals, staff plans, budget, and cash flow.

Leadership 98

Leadership CFO Benchmarking Finance 98