And just like that, we are about to begin the last quarter of 2019. It is crazy how time flies.
They say the best-in-class always thinks, looks, and plans ahead but before we do that, a few good questions to ask would be:
• Did your sales turn out to be as you projected for the first 3 quarters?
• Did your finance team struggle with reports creation this year?
• Has collaborating with different people in your organization for the budgeting process been a breeze?
• Did you feel like you had prompt access to critical business insights from your data?
• How has the flow of information between various systems been?
• What are the bottlenecks or areas for improvement in your entire FP&A process?
Obviously, there must have been both good and bad things this year when it comes to your finance team´s budgeting and planning as well as financial reporting performance and as the last quarter of this year approaches, pausing and thinking about how you would want things to be better for next year is a good idea.
Further, if your organization is planning on adopting a business budgeting software for next year, Q4 is when you should try to look into the potential costs so you can include it for next year´s budget.
Needless to say, there are several financial planning software options that are available depending on what pressing issues in your finance department you want to solve.
As a friendly advice from Performance Canvas Financials, make sure you choose a financial planning software that has a budget model with built-in intelligence so that you can eliminate some of the programming issues on your end. That said, do not underestimate the importance of ease of use of the budgeting solution because no matter how capable your solution is, if it is too hard for the majority to use, it will just be a waste of your resources and time.
If you want to do a trial run of a financial planning software just to have a feel of what it is like with your own data, try Performance Canvas Financials.
Performance Canvas Financials is a SaaS-based budgeting, planning, financial reporting, and financial consolidation software that can connect to most ERP systems whether deployed on prem or in the cloud. The trial is for free and you get to use your own financial data so you really get to experience firsthand what it is like to look at your figures loaded in the system.
What would you like to do next?