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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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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Top 8 Reporting and Analysis Capabilities of Performance Canvas You Should Know About

Performance Canvas Financials delivers full financial reporting and analysis, budgeting and planning, performance management, and financial consolidation capabilities. It is used globally by over 2500 medium to large sized organizations with at least 3 people working in the finance department. … Read More

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The Value of Excel-based Financial Reporting Solutions

Financial statements are records of a company´s financial activities and the position of an entity. It is a document that is meant to structurally present critical business information in a way that makes most sense to its users. Ideally, these … Read More

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The Rise of Performance Management Metrics and KPIs in the Wold of Finance

All too often you hear senior managers say “If you can´t measure it, you can´t control it.” This is why in most organizations, almost everything gets measured. There is continued pressure for each individual and for the organization as a … Read More

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The Top 4 Financial Reporting Priorities for CFOs

In today’s fast –paced world, it is known to all that the roles and responsibilities of a CFO has been and is continually changing and the pressure to perform better has been mounting. One of the key tasks of every … Read More

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The Importance of Financial Dashboards in Reporting

No matter where you work as a finance expert – at a large and well – established company or in a small startup business, you will be generating financial reports. Generating these reports is tedious work especially when you are … Read More

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Criteria for a Good Cloud-based Budgeting, Planning, and Reporting

If there is anything we learned from 2016, it is that software spending is down. Software providers´ revenue for on premise software licenses and maintenance was significantly down last year. Interestingly enough, the spending for SaaS software products grew by … 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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Top 3 Operational KPIs for the Finance Department

Top 3 Operational KPIs for the Finance Department   Key Performance Indicators (KPIs) are a set of quantifiable measures that a company uses to measure their performance over time. In the finance department, senior managers and executives always look at … Read More

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The Importance of Transparency in Corporate Financial Reporting

When it comes to investing in a business most of the decision making process is based on the company’s financial reporting. This means that maintaining complete transparency in their reports is very important to both the corporation and its potential … Read More

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Top 3 Characteristics of a Good Financial Reporting Software

In today´s economic climate, the expectations for businesses to perform better are higher. However, one of the lingering problems for several organizations lies in its struggle to do effective financial reporting. Several organizations struggle with multiple reporting requirements or reports … 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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6 Questions to ask to achieve an error-free closing of the books in less than 5 days

Faster and error-free closing of the books is one of the most important tasks for finance departments. This is because the analysis generated from this activity spans across several parts of the organization. It is and must be operational in … 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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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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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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4 Important questions to ask when doing Financial Reporting and Analysis

The main goal of financial reporting and analysis is to provide a clear picture of the financial condition of the business in both short term and long term. Given today´s volatile economy, having a complete and consolidated view of the … Read More

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Solution for Excel’s Hellish Capabilities as a Budgeting Tool

Despite warnings from experts against Microsoft Excel’s capability to perform critical financial processes, many companies and organizations still continue to make use of spreadsheets for their planning, budgeting and forecasting. Many have fallen victim to the hell of Microsoft Excel’s … Read More

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