Blogs

This space is Performance Canvas’ library of articles that touch upon the best practices in financial budgeting & planning, reporting & forecasting, and financial consolidation. Topics also include effective ways on how to use Performance Canvas as a FP&A solution for various business industries.

Reports You Should Be Tracking With Your Financial Reporting Tool
Published: August 9, 2022
Financial experts advise businesses to balance routine annual audits and intrusive, compulsive audits. Key accounting reports, usually available through your accounting software or financial reporting tool, may provide the insight you need to steer your company in the right direction. Financial reports summarise your company’s past transactions and where it stands today. After all, you can’t do financial forecasting unless you know what’s coming in (Read More)
The Advantages of Switching to Cloud-Based Forecasting
Published: August 2, 2022
Everyone is always looking for ways to better their companies, from the CEO to the CFO. Do you want to know a little-known fact about (Read More)
Part 1: Project Planning for Success when Implementing and Integrating your Cloud FP&A Software to SAP B1
Published: July 26, 2022
One of the company's most important decisions is which financial reporting and financial planning software to use. Would the current reporting and budgeting system in (Read More)
Activity-Based Budgeting Method and Why It Matters In 2022
Published: July 12, 2022
Budgets are better developed after considering overhead costs when using an activity-based budgeting approach. This disregards the previous year's budget while calculating the budget for (Read More)
Corporate Transparency and Financial Reporting
Published: July 5, 2022
Investors want more and better financial information from companies. One can say quality financial reports offer them better insights, leading to more effective financial analysis.  (Read More)
3 Recommended Strategies in Profitability Analysis for 2023
Published: June 28, 2022
Customers are essential for every business, and unhappy customers can make or break organizations. And it can be challenging to earn decent business revenue without (Read More)
How to Boost Your Business with Cloud Financial Planning and Analysis
Published: June 21, 2022
Even in a steady economy, most organizations still have difficulty setting budgets. And as a result, managers spend most of their time trying to operate (Read More)
SAP Financial Reporting Alternatives: Crystal Reports vs Performance Canvas Financials Reports
Published: June 14, 2022
Our professional services team has constantly been asked by several SAP users what the similarities and differences are between Crystal Reports and Performance Canvas Financials (Read More)
Top 3 KPIs Your Finance Department Needs in 2023
Published: June 9, 2022
Companies today are under heavy pressure to cut back their losses from previous quarters and stay on top of a rapidly changing environment. For companies (Read More)
Financial KPIs for your Business Strategy
Published: June 7, 2022
Perhaps you’ve reached a point where you’re happy with where things are with your business and want to expand. The first thing that may come (Read More)