Our Blog

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

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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Finance blogs

5 Most Popular Finance Blogs of Performance Canvas in 2017

Where did time go? 2017 is now over and by now many are scrambling with their year-end closing. It is an annual ritual that many must contend with for good and bad. We at Performance Canvas always try to weigh … Read More

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Budgeting and Forecasting Software

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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Business Intelligence Trends

Top 4 Business Intelligence Trends to Watch Out for in 2018

2017 went by so quickly and as we welcome 2018, decision makers in companies start to wonder what 2018 holds. It is always good to be on the lookout for the next best things or the latest trends in order … Read More

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Spreadsheet alternative

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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Cloud pcFinancials

Performance Canvas proudly announces the release of pcFinancials in the Cloud

Performance Canvas, the latest and most modern technology solution in Financial Reporting, Analysis, Budgeting, and Forecasting, proudly announces the release of pcFinancials in the cloud. pcFinancials, the banner product of Performance Canvas, is a solution that enables its business users … Read More

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Budget Planning

The Value of Effective Budget Planning to Financial Control

If you wish to obtain financial control on the financial resources available to your business, budget planning is the most practical way to do it. Budgeting is the main tool in budget planning that supports a business to decide how … Read More

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Cloud Planning Software

The Top 5 Capabilities to look for in a Cloud Planning Software

Were your forecasts too far off the previous quarter? If they were then your organization is probably one of many that has definitely outgrown spreadsheets. Most mid-sized to large organizations today battle with over 800 sheets with iterations and their … Read More

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Rolling Forecast

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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Budgeting

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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Financial Consolidation Automation

How to Maximize Financial Consolidation Automation Success

Financial consolidation or the combination of financial data from several departments or business entities within an organization for reporting purposes can be simple or complex depending upon how the organization executes it. Nonetheless, it is an area of finance that … Read More

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Artificial Intelligence

The Future of Artificial Intelligence in Finance

Elon Musk and Mark Zuckerberg, two of the world´s tech titans, have openly expressed their views on Artificial Intelligence. Mark Zuckerberg maintains an optimistic view saying artificial intelligence (AI) has the potential to improve systems across various fields. Elon Musk, … Read More

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Traditional Budgeting

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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Strategic CFO

The 7 FP&A Challenges of a Strategic CFO

Ask any chief financial officer today how he or she would describe his or her workload and the most likely word you will hear is “overwhelming”. Fierce competition, rigid governmental regulations, high market volatility, and growing business complexity are few … Read More

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ERP Financial Systems

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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Financial Statements

2017 Tips on How to Release Financial Statements in 7 Days

Releasing the corporate financial statements in less than 7 days is a goal many companies still strive to do today. However, undeniably, this goal is easier said than done for a variety of reasons. In fact, according to one of … Read More

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Reporting and Analysis

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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Zero-based Budgeting

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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