Our Blog

A collection of financial topics for the CFOs, Finance Executives, and Finance Experts

budget vs actuals variance analysis

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

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Performance Canvas

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

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Enterprise Performance Management Software

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

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finance-driven questions for cfos

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

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Corporate Financial Reporting

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

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Financial KPIs

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

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financial modeling excel spreadsheets

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

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Corporate Budgeting and Planning Trends

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

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Cloud Performance Canvas Financials

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

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Forecasting & Analysis

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

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FP&A Tools

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

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FP&A Software

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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Cloud FP&A Solution

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

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Financial Budgets and Forecasts

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

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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

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Corporate Budgeting Process

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

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excel spreadsheets

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

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Financial Planning and Analysis

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

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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

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Sales Forecasting Model

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

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Budgeting Software Vendor

How to Make Your Budgeting Software Vendor Prove Product Flexibility

When implementing a new budgeting software, many often assume that the initial cost of purchase of the software is the most important consideration. However, this cannot be any further from the truth. When implementing a new budgeting software, cost of … Read More

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Budgeting and Reporting Solution

8 Misconceptions of Performance Canvas Budgeting and Reporting Solution Clarified

2017 saw a dramatic increase in the number of users of Performance Canvas Financials – a complete, modern, and unified solution for reporting & analysis, budgeting & planning, forecasting, and financial consolidation. While many CFOs have joined the bandwagon on … Read More

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Corporate Performance Management Software

5 Tips in Choosing the Right Corporate Performance Management Software

According to Gartner,  Corporate Performance Management (CPM) is an umbrella term that describes the methodologies, metrics, processes and systems used to monitor and manage the business performance of an enterprise. The software that enables the translation of these methodologies, metrics, and processes … Read More

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Cash Flow Forecasting and Management

Understanding the Advantages of Cash Flow Forecasting and Management

Optimizing a company’s cash flow forecasting is essential to improve the organization´s financial performance. Most often, organizations would need specialized technology in order to support its efficiency gains. Through a corporate performance management solutions / technology like Performance Canvas by … Read More

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Budgeting and Planning

Top 7 Best Practices in Budgeting and Planning 2018

Automation and streamlining of budget processes are two very different things. Automation ensures tasks are accomplished faster whereas, streamlining ensures tasks are done smarter. Forward-thinking organizations understand that traditional budgeting and planning practices have no place in a data-driven and … Read More

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Management Report

Financial versus Management Reports: Does a Business Need Both?

For any business, big or small, it is important to have business critical information handy. These information should have the ability to answer the following questions: Is my pricing competitive? What are my top 5 most profitable products? What are … Read More

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Budget

10 Important Points to Keep in Mind to Achieve an Optimal Budget

Mentioning the word budget always draws mixed emotions from different people. Budgets are most often associated with a tedious exercise that results in inaccurate estimates which almost always requires explanations. Well, this isn´t exactly wrong either. It is true that … Read More

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ERP System

Back to Basics: Cloud vs On-premise vs SaaS ERP System

If you’re looking for an ERP system for your company, it is possible that you’re being barraged with options as you try to scavenge for information online or through your consultants. As you reflect on your choices, one of the … Read More

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Year-end close

Year-End Closing of the Books Checklist

Closing the books at the end of the fiscal year is a standard task for any business. For those who are lucky and have a good reporting and budgeting system such as pcFinancials by DSPanel, this task is fairly simple … Read More

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Machine Learning

Machine Learning in the World of Money Making

In the last couple of years there has been a rapid rise of companies partnering with social media ”influencers”. These influencers can be celebrities, models, known personalities in various industries or a simple person with a huge following. What this … Read More

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