How to Budget, Forecast, Report Better in 2019

And just as fast as it came, 2018 is ending. For many finance departments, it is a time to take a step back and reflect on the bottlenecks of the entire budgeting and reporting process. Was this year´s close process … Read More

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Most Common Challenges & Solutions in Financial Budgeting and Forecasting

There are 7 well known challenges in financial budgeting and forecasting. While finance departments are fully aware of their own challenges, it is important to note these problems clearly so that decision makers drive the needed internal change and so … Read More

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Budgeting and Forecasting Software for Organizations with Moderately Complex to Highly Complex Needs

The Challenge CFOs persistently strive to gain perceptibility into data to make accurate forecasts and sensible year-round budgets. It has never been more important to gain access to real-time, insightful, and actionable information to help support the decision-making of a … Read More

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Three Essential Elements for A Successful Rolling Forecast

There are two main problems that CFOs and their FP&A teams encounter – inaccuracy of the forecasts and the lack of corporate agility. It is because of these two challenges that rolling forecast has gained ground. Rolling forecast is meant … Read More

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The Promises of Rolling Forecasting: Does it really work?

Whether the change is short term or long term, a company’s vulnerability to economic changes make budgeting and planning difficult for the finance department. How can the finance staff plan efficiently if they have no idea of what the future … Read More

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An Analyst´s Guide to Increasing Forecasting Accuracy

There are very few analysts who truly enjoy forecasting or working with forecasting analytics. This is because over the years, there has been over optimism in doing forecasts and the problem with over optimism in forecasting is that it results … Read More

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Why Cloud Based Budgeting and Forecasting Is The Way Forward

In this day and age, every CEO and CFO wants to do more with less. More reports generated but fewer staffing resources involved; more robust protection for their data but limited IT bandwidth; and better budgeting and forecasting process for … Read More

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The Art of Reshaping Financial Planning and Forecasting

Today´s complex and volatile economic climate has made managing business performance even more critical both for start-up companies and established companies. Financial planning process has become a tool to ensure high levels of investor confidence and a tool to provide … 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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3 Tips on How to Ensure Successful Shift to Rolling Forecast

There is a consensus now about moving away from traditional forecast and moving towards rolling forecast in light of today´s stiff competition and highly volatile market. Organizations are now forced to be adaptive and quick to respond to sudden changes. … Read More

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The Little-Known Advantages of Business Modeling and Forecasting Software

The inception of complex software solutions brought with it a host of ingenious software solutions for modern-day businesses. One of them is the new breed of planning software that can be used in comprehensive business and financial projections including (but … Read More

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The Pains of Manual Forecasting

Despite the market saturation of many different types of forecasting solution, it is not uncommon for big companies to still manually create, distribute, and collate hundreds of forecast templates. These templates are then sent back and forth via email to … Read More

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Tips and Tricks on Improving Forecasting Accuracy

The market today is more challenging than ever. The customers have more power to demand, there are more competitors now and the competition is fierce. With the advent of modern technology, the internet, and better transport system, customers have more … 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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Are spreadsheets worth letting go?

There is no shortage of articles online that concludes using spreadsheets for financial budgeting, forecasting, planning, reporting, and consolidating processes is such a bad idea. However, even with the flood of these articles online, we know for a fact that … Read More

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3 Tips on how to Improve Financial Forecasting

Over the years, the healthcare environment has been faced with tremendous pressure from their respective health care board and executive management teams. We have spoken to several CFOs and Finance Managers in the health care industry who continue to struggle … Read More

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