Webinar: 2018 Best Practices in Financial Planning & Analysis

Do you hate your financial planning and analysis process because it doesn´t support sound decision-making? Does it take too long to complete? Is your FP&A output outdated before you can even finish it? Does it make collaborating with many people … Read More

5 Simple and Straightforward Data Governance Best Practices

Do you have 100% confidence your data is reliable? Is your data quality consistent across the entire organization? Can the insights from your data governance support sound decision making? Can your data analytics pave the way for an improved and … Read More

How to Determine if the Budgeting and Planning Solution is Right for Your Organization

If you are reading this article, it is probably because you hate your budgeting and planning process. Does it take too long to complete the entire budgeting cycle? Is it not helping you make sound business decisions? Is the data … Read More

What Financial Planning and Reporting in Finance Seeks to Accomplish

FP&A analysts are the voice of reason for decision makers in an organization. The FP&A teams usually consist of highly intelligent and capable individuals that analyze a serious amount of data and metrics. FP&A analysts are excellent problem solvers and … Read More

Live Forecasting vs Traditional Forecasting vs Rolling Forecasting

Performance Canvas Financials, a complete and cloud-based FP&A solution that can be installed and provisioned in as fast as 5 minutes, recently introduced one of its most powerful capabilities – Live Forecasting. However, not many understand the differences between traditional … Read More

Legacy Systems Still Holding Back Automated Financial Reporting

Data analytics, robotic processes automation, and artificial intelligence have all contributed to the acceleration of data generation. Having such large amounts of data have made many organizations constantly play catch up daily and it has made their financial reporting rather … Read More

10 Features Found in the Best Cloud-based Financial Dashboard

Dashboards serve an important role for many organizations in their quest to uncover critical business insights. Organizations use dashboards in gathering business intelligence which they hope would guide them in their day-to-day decision-making. More than just being a bunch of … Read More

Webinar: Closing the Books Faster Through FP&A Transformation

There is mounting pressure for finance executives, analysts, finance managers, and CFOs to produce timely and credible reports of financial results. There is a need for speed in accessing information but more than just that, the data must be reliable, … Read More

7 Signs Your Finance Department Can Benefit from Performance Canvas FP&A Software

If you are an accountant, an analyst, a finance manager or a CFO, the words budgeting and planning or closing of the books might send chills down your spine. Hearing words that relate to financial planning & analysis might bring … Read More

Is There A Difference Between A Business Intelligence Tool and A Reporting Tool?

For some organizations, business intelligence and reporting are used to refer to the same thing. However, business intelligence and reporting vary in the roles they play within an organization. For example, business intelligence usually answers the question why and reporting … Read More

The 5 Things You Learn from Budget vs Actuals Variance Analysis

All businesses put in a lot of time and effort into financial planning and performing budget vs actuals variance analysis is but a way to see how the business is performing against its budget. Doing budget vs actual analysis is … Read More

Performance Canvas’s pcFinancials bags Great User Experience and Rising Star Awards 2018 under Budgeting Software from Platform for SaaS Reviews

Performance Canvas Financials, a complete, cloud-based financial planning & analysis (FP&A) software, recently received two awards from FinancesOnline for great user experience and as a rising star in the budgeting and planning arena. FinancesOnline, a reputable online software directory relied … Read More

2018 Top Enterprise Performance Management Software

Enterprise Performance Management (EPM) means different things to different people. Some use the term EPM interchangeably with Corporate Performance Management (CPM) or Business Performance Management (BPM). For Performance Canvas, EPM is the sum of processes and systems that help businesses … Read More

5 Finance-Driven Questions for CFOs to Drive Company Performance

For the top chief financial officers, finding ways to improve overall company performance calls for more than just knowing the latest trends and theories. It requires stepping up strategy-formulation and decision-making process while being firmly in touch with reality. Obviously, … Read More

Corporate Financial Reporting with Performance Canvas Financials Explained

Corporate financial reporting is a very important process which allows organizations to compare their budgets against the previous year and subsequently, project the next one. Today, many organizations still create their financial reports from scratch using traditional methods in Excel … Read More

The 15 Financial KPIs that Must Be Present in Your Financial KPI Dashboard

Every organization regardless of industry or size shares one thing in common – the need to maintain good financial control within the organization. For sound business and leadership decisions to be made, it is not enough to be on top … Read More

5 Reasons Why Financial Modeling is Ineffective in Excel Spreadsheets

Many people are rather confused by the terms financial model and excel spreadsheets. Are they one and the same? Or are there significant differences? What is excel financial modeling and what is financial modeling? Truth be told, there is a … Read More

3 Hottest Trends in Corporate Budgeting and Planning

Corporate budgeting and planning as a process has changed drastically in the last decade. There are now higher expectations in terms of what is expected of the process and its outcome. The same is true with the FP&A professionals. They … Read More

5 New Capabilities of Cloud Performance Canvas Financials

Performance Canvas recently launched their exciting, new cloud FP&A solution – cloud Performance Canvas Financials (cloud pcFinancials). For those that have not seen the press release you can read it here. pcFinancials is a cloud-based FP&A software that simplifies and … Read More

Forecasting & Analysis in the Midst of An Impending Trade War

The US recently subjected its EU and NAFTA partners to 25% tariffs on steel and 10% tariffs on aluminum. Likewise, the EU, Canada, and Mexico have announced that retaliatory tariffs are underway. The US has also imposed 25% tariffs on … Read More

Why CFOs Need FP&A Tools

Chief Finance Officers have traditionally depended on spreadsheets for budgeting and reporting. Arguably all accounting tasks can be done using MS Excel. MS Excel serves a variety of purposes for finance personnel. It is used in tasks such as inventory … Read More

Justifying the Costs of an FP&A Software

Organizations, regardless of size, are constantly challenged in that resources never feel sufficient. For many businesses, finding that balance between ensuring they create an accurate report and implementing action plans or changes based on that report is difficult. It is … Read More

Performance Canvas Proudly Releases its 5-minute Install Cloud FP&A solution

Performance Canvas proudly announces the release of its newest and most revolutionary cloud product – Cloud pcFinancials. The Performance Canvas team has spent the last year developing a cloud FP&A solution that can truly revolutionize the process of financial planning … Read More

5 Ways to Make Financial Budgets and Forecasts Useful

Many finance personnel have a love-hate relationship with financial budgets and forecasts. Truth be told, there are more people that hate it more than they love it. Many leaders think their time can be better spent actually running the business … Read More

Performance Canvas SaaS Financial Software

If your company is still wrangling Excel spreadsheets for your budgeting and planning, you are missing out! The execution of your business strategy is severely hindered by the unreliable data you continue to struggle with in your budgeting process. Perhaps, … Read More

3 Crucial Ways to Improve Your Corporate Budgeting Process this 2018

A corporate budgeting process involves three important tasks – Planning, Budgeting, and Financial Forecasting. Each of these tasks is aimed at aiding the business in truly understanding how all of the activities it is undertaking are contributing to its overall … Read More

Why Plugging Along with Excel Spreadsheets for Budgeting and Planning Should NOT Be An Option

We get that your organization has been wrangling with excel spreadsheets since god knows when. We get that you have an “it works philosophy” with it. It may not be perfect but it works anyway or that you have been … Read More

The Paradox of Surplus Cash and Stunted Growth in Companies

Several US treasurers are accumulating higher than average cash reserves at a time when businesses are also reporting slower than target growth. There are, of course, valid reasons for the slow growth such as increasing market volatility, fiercer competition, disruptive … Read More

The Best SAP BPC Replacement for Businesses this 2018

The maintenance and support for SAP Business Planning and Consolidation (BPC) version of the Microsoft platform has expired on March 1, 2018. That said, SAP offered new migration paths to SAP BPC 7 x MS users such as moving to … Read More

4 Valuable Tips to Achieve A More Accurate Sales Forecasting Model

There are several essential elements when it comes to operating a business and sales forecasting is one of those that are worth spending more time and effort on. The truth is that while it is common knowledge that accurate sales … Read More