How Digital Change Bullies the Ever Cautious CFO

There was a time when CFOs deemed it important not to take the first steps in anything new. CFOs are by nature very cautious people for good reasons and taking the first step was seen as something too risky and … Read More

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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

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Top 5 Common Roadblocks to Accurate Budgeting

Budgeting and forecasting are two essential annual activities for any organization. Many FP&A teams do not enjoy it but many also understand it is a necessary evil that they must put up with. Year after year, the fp&a challenges surface … Read More

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Traditional Budgeting and Why it is Time to Abandon Ship

In this age of automation, traditional budgeting is becoming obsolete.  Traditional budgeting practice gives a wrong sense of security and it indeed sucks the fun, energy, and time out of the front liners and decision makers in the company. Today, … Read More

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Budgeting and Reporting using ERP Financial Systems

Enterprise Resource Planning systems or ERP systems have been around since the 1960s. They are systems used to gather, store, and analyze data arising from several activities within the organization. One of the core modules of an ERP system is … Read More

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Why Zero-based Budgeting is Not Always the Right Approach

Zero based budgeting is a method of budgeting which begins every period on a clean slate thus, “zero base.” This type of budgeting technique means that each function within the organization is analyzed in order to determine to its needs … Read More

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3 Guaranteed Ways to Optimize Business Budgeting

Business budgeting process is a painful yet necessary process that every organization must perform if it wants to compete in the market and continuously improve its operations. Year after year, finance departments of medium to large organizations are faced with … Read More

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5 Critical Questions to Answer when Using Budgets for Financial Control

To many companies, a budget is often associated with long hours of work that yields spreadsheets of inaccuracies that constantly requires explanations to the users. Sadly, this is a picture of daily reality for many finance personnel. A budget is … Read More

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The Essence of Planning, Budgeting and Forecasting Process Automation

Creating sophisticated plans, budgets, and forecasts is essential for CFOs and other decision makers in the company as it enables them to make wiser strategic and operational decisions. Ensuring such tasks are accurately and effectively performed is crucial. Plans, budgets, … Read More

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2017 is the Year for CFOs to Plan Smarter, Not Harder

Financial planning and analysis teams today put in longer hours during planning period – not by choice though. This mostly springs from the fact that they have to deal with huge number of spreadsheets that is marred with formula errors, … Read More

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How to Fix Ineffective Budgets

Every company prepares a budget and every single one of them struggle with their budgets because of ineffective budgets practices. This is the very reason why many critics of budgeting label it as a futile exercise designed to waste the … Read More

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Top 5 Best Practices in Financial Budgeting and Planning

Financial Budgeting and Planning Best Practices Financial budgeting and planning allows companies to draft a financial roadmap for their operations. This process for many companies involves a significant number of Excel spreadsheets and several cups of coffee to keep them … Read More

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TOP 10 Most Important Features of Budgeting, Forecasting and BI Solution

Automation is probably one of the main reasons why several industries such as the manufacturing industry for example is thriving. Automation in different aspects of the industry allows several companies to minimize costs and maximize profit. However, across several industries … Read More

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BUDGET MANAGEMENT: Achieve Your Business Goals Part Three

In Part One of this ebook series, we have identified that continuous budgeting is better than budget based targets. In Part Two of the series, we identified the importance of ERP Systems and how to meet revenue and target budgets. … Read More

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The Greatest Barrier To Change: Traditional Budgeting

Budgeting is the mantle on which a company stands. It is a control instrument and an instrument to measure a company´s success against. Sadly, an average company spends at the very least 4 months and expending 20-30% of senior executives´ … Read More

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TOP 5 Most Useful Features for Budgeting and Planning

If you ask a room full of finance persons if it is time to drop Excel for budgeting and planning, you will probably get a resounding positive response due to their personal experience or shall I say struggles with budgeting … Read More

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CFO’s Guide to buying a budgeting and planning software

  Before you start looking into different solutions, it is vital that you know exactly what pain points you wish for the software to address. If you need a reporting, budgeting, and planning solution for example – what features are … Read More

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The Top 4 Benefits of Beyond Budgeting Approach

Two of the most common budgeting practice – Activity Based Budgeting and Beyond Budgeting Approach shares a common thread that the inability to adequately plan in uncertain environments makes the budget useless. While Activity-based planning suggests an improved albeit more … Read More

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The 2 problems of budgeting and reporting that just won´t go away

The setting of budget for the new fiscal year and the closing of the books are two of the most backbreaking time of the year for finance personnel. A recent study from Ventana research says that the Budgeting, Planning, and … Read More

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Top 5 Best Practices in Sales Budgeting

Companies today rely on sales budget in order to accurately predict sales forecast and profitability. Sales budget is considered to be the backbone of corporate decision-making. It is through a reliable financial plan that managers can make informed decisions on … Read More

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The new budgeting & reporting solution every CFO, finance manager, and finance person is talking about

Performance Canvas products have helped companies shorten budget cycle times, increase profitability, manage and improve departmental performance and facilitate organizational change. To find out how we can help your organization exceed your goals, schedule a free 30 minute demo with … Read More

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3 Most Common Criticisms of Budgets in Practice Today

The CFOs face increasing pressure of better budgetary control because budgets today are used for performance planning and evaluation of actual business performance. True enough, budgets can tell us a number of things because of its ability to tie together … Read More

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Budgeting in Excel is not dead and here´s why

For any company, maintaining a strong budget is one of the most important aspects in running a business. A business must make sure it has enough capital to pay the bills at the same time have money to invest in … Read More

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Is Budgeting and Reporting in Excel a bad idea?

Critics of Excel espouse the idea that while spreadsheets are effective for small scale ad hoc analysis and self-contained reporting, they are not suitable for budgeting and planning at a detailed level. Organizations face difficulties with their processes mainly due … Read More

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