The Reality of Cloud-based Financial Software Implementations

There was a time when finance departments preferred on premises solutions. A time when long implementation times were still acceptable; extensions, patchings, and maintenance are expected to be done solely by the vendor and IT team; and a time when … Read More

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The Characteristics of the Best Corporate Financial Software

It is no secret that many vendors of corporate finance software claim to have discovered the secret ingredients which make up the best corporate financial software. The truth is that most of these vendors look into what competing vendors are … Read More

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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

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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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Spreadsheet Alternative for Corporate Budgeting and Reporting for 2018

Every organization hires analysts who have the complex tasks of pulling month-end operational data in the hopes of being able to analyze them well enough to provide business critical information necessary for sound decision making. These financial analysts are constantly … 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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5 Mistakes to Avoid when Buying BI Software

Many CFOs and CIOs have jumped into the Business Intelligence (BI) bandwagon because in this day and age, every decision maker feels as though it is something that a company needs in order to succeed. Gartner even mentioned that for … 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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5 Essential Tips in CPM Software Selection

Investing in a new software is a lot harder than many think and this is especially true when you want to invest in a Corporate Performance Management (CPM) tool that is meant to help you with financial tasks such as … Read More

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2017 Replacement for Microsoft Forecaster

In 2016, Dynamics GP and AX saw huge changes as it continued to improve its offerings. This in turn led to Microsoft pulling out support on Forecaster – a budgeting and planning solution. In May of 2016, Microsoft also officially … Read More

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Top 4 Reasons to Adopt to Workflow Automation

Every day, people throughout the organization perform tasks, route information, and make decisions as they perform business activities. Many, if not most of these fiscal activities are performed manually utilizing paper-based forms and excel spreadsheets. All these take more time … Read More

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Why Financial Software Solution complements ERP systems

The world is becoming a single market where organizations make it their daily priority to be globally competitive. Our volatile economic climate requires that companies are able to address customer demands at the earliest possible opportunity (or at least before … Read More

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The downplayed Importance of Accounts Payable Automation

Accounts Payable automation costs organizations a considerable amount of time and effort compiling and creating manual paper-based invoice as well as manual document processing. The problem today is that wasting so much time doing unnecessary manual work reduces finance personnel´s … 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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Features to Look for in a CPM Solution to Generate Rolling Forecasts

Rolling forecast is a planning process whereby the main objective is to foresee risks and business opportunities continually. It is more than just periodic updates on the annual budget. By adopting this type of planning technique, businesses can expect to … Read More

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Why FP&A Teams Need to Invest in the Best Financial Planning Software

Every year, the financial planning and analysis team dreads that period of time when they have to work like investment bankers. This means clocking in more than the standard 40-50 hour work week. For some financial planning and analysis manager, … Read More

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5 Factors to Consider Before Buying a Budgeting and Planning Software

5 Factors You Need to Consider before Buying Budgeting and Planning Software All modern and adaptive Financial Controllers and Finance Managers understand the importance of investing in a sophisticated tool. A software that can reduce the finance team´s time expenditure … 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 Advantages of Budget and Planning Software over Manual Spreading

The Advantages of Budget and Planning Software over Manual Spreading If you still depend on manual excel spreadsheets for your annual budgeting and planning, you’re pretty much behind, in the game. Getting the right business budget software will not only … Read More

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4 Most Common Misconceptions in Accounts Receivable Automation

The need for automation is a strong testament that the business is growing and that it has grown to a scale that requires a more effective way of managing invoices. Many organizations realize the need for automation especially in terms … Read More

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Is Financial Automation overrated?

Is financial automation too hyped? Absolutely not. Financial automation is every financial expert’s dream come true. Yet, manual systems continue to be pervasive in financial reporting and analysis – a process that drains both time and money. If we hope … 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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Business Benefits Of Performance Canvas Financials As Corporate Performance Management Solution

The Benefits: Improve your decision making based on what if Analyses and scenario planning Shorten cycle times, close the books faster, and align your plans with your goals Run on a comfortable and familiar platform – Microsoft Excel Get real … Read More

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How Technology can improve the strategic role of financial management

Hakan Ebersjo, VP Sales of DSPanel shares his thoughts about dynamics of modern technologies with new solutions in financial management. How technology is changing the role of the CFO? H. Ebersjo: It is certain that finance department receives a lot … Read More

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4 Reasons Why Technology Consultants Are A Good Idea

For as long as technology has started to exist, so has consulting services. Now, it is fairly common for business owners, stakeholders, and employees to see little to no value in the investment in technology consultants. Many of these people … Read More

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Why a finance system must cope with business growth

Several global companies today grow in two ways – either organic growth or via acquisitions. In a recent survey conducted by Epicor with more than 1800 business leaders in 12 countries across the globe, 58% of companies reported growth in … 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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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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