Our Blog

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

Financial Planning amidst Stumbling Corporate Profits

Ever since 2012, corporate profits in the US has been mostly going down. That said, it did make a slight rebound in the second quarter of 2019 based on the estimate from the Bureau of economic analysis. One of the … Read More

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Corporate Sales Budgeting Module

Everybody is aware data is king these days. It is the key to informed decision-making and therefore, the key to business success. Organizations have long struggled with properly and accurately incorporating sales in the budgeting process. Understandably so, there is … Read More

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Preparing for a Smarter Year-Round Budgeting and Planning for 2020

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 … Read More

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Personalizing Patient Care through Financial Planning Software

Private and public hospitals as well as elderly homes are trying to move towards a personalized patient care experience. The keyword being “trying” as it is harder than one might think. There are, of course, several aspects that need to … Read More

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Commercial Reporting and Budgeting Software – Is it worth the Investment?

Markets and businesses are showing signs of worry lately. Many businesses have started to be cautious in their spending to brace for potentially difficult times ahead. There is a dilemma that many finance leaders encounter and that is whether or … Read More

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3 Focus Areas for Account Reconciliations Automation

There are several reasons why a company´s close process drags longer than what anyone cares to admit. Account reconciliation is certainly one of the more known reasons for delays in closing. The bigger the organization, the more complex its accounts … Read More

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5 Tips on How Businesses Can Prepare for a Recession

When you come to think about it, it has been 10 years since the last recession. Many things have happened since then. When we look at the world today, the global economy is doing fairly well, unemployment rates are low, … Read More

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4 Best Practices for a Faster Close Process

Ever wondered why controllers are so keen on attaining a faster close process? This is because the best measure of controller efficiency is the accuracy and promptness of the financial close process. In addition,  having a fast and efficient close … Read More

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5 Best Practices in Journal Entries that Helps Optimize your Accounting Process

Achieving a painless and faster close is every finance department´s dream. However, one of the devils of a financial close for many organizations is the manual journal entry. Having a few manual journal entries is not a problem at all. … Read More

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Guest Post: A Collection of The Most Powerful Excel Tricks for Analyzing Data

The type of data that analysts have to deal with can range from simple sales and inventory to something as sophisticated as scientific and social statistics. Thus, it’s essential for them to identify the right tools to use for the … Read More

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How Millennials Transform Finance through Technology

Millennials – people born between 1977 and 1995 otherwise referred to as generation why now make up the majority of the global workforce. Millennials are called generation why because these people have a questioning nature. Unlike previous generations, millennials do … Read More

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The Best SaaS Financial Reporting & Budgeting Software for Dynamics 365 ERP Users

You pay a significant chunk of money for your chosen ERP system and expect it to address all of your business needs across various departments. Sounds fairly reasonable, right? The problem is that a few weeks or months into your … Read More

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Top 3 Most Useful Tips on How to Create Decision-driving Board Reports

Finance personnel are the people within the company that are asked to generate reports for the board. Rightfully so, it is because they are the people most familiar with the key figures of the business. The finance department is faced … Read More

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3 Critical Items that Define the Best Budgeting Software

Times have changed. Google and Bing are the best friends of buyers these days. For accountants looking to improve the way they do budgeting and planning today, they usually google “the best budgeting software” or “top-rated budget planning software” or … Read More

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How to Create More & Better Financial Reports without Increasing Workload

Companies create a significant number of business reports every month. Management reports, board reports, and statutory reports to name a few. Now some organizations produce more reports than others because certain types of businesses are more regulated than others. If … Read More

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5 Reasons Why Performance Canvas Financials Excels in Financial Reporting and Budgeting for the Hospitality Industry

Performance Canvas Financials – a subscription-based reporting and budgeting software service works across all industries but there is one particular industry that Performance Canvas Financials excels in – Hospitality. Performance Canvas Financials over the years has attracted restaurant groups, cruise … Read More

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6 Important Lessons from A Failed Budgeting Software Implementation

The date is May 5, 2017, John – the CFO of an American manufacturing company is giddy and all smiles as he digitally signs the contract of the new budgeting software he wishes to use within his company. The prices … Read More

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The Future of Financial Reporting Technology

The international standards for financial reporting demand a substantial increase in the amount and type of information reported. Therefore, CFOs and their finance teams are challenged to comply with the ever-evolving standards while making sure their financial reports are streamlined, … Read More

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5 Ways A CFO can Protect the Business from Global Uncertainty

Unless you have been living in a cave in the last year, you probably have heard of the US-China trade war. The latest round of trade negotiations between Washington and Beijing that concluded on May 10, 2019 concluded without any … Read More

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Budgeting, Planning, and Reporting Software Integrated with Dynamics ERP Systems

Performance Canvas Financials is today´s most user-friendly and reasonably priced subscription for budgeting, planning, and reporting that is integrated with dynamics 365 for finance and operations, Dynamics 365 Business central, Dynamics AX, Dynamics NAV, and Dynamics GP. Performance Canvas Financials … Read More

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Top 5 Best Practice tips on How to Improve Fiscal Year Financial Planning

Financial planning for the fiscal year is one of the most important business growth strategies. It is a growth strategy that pierces through the entire business as it goes through tracking and recording of a company´s revenue, expenses, debts, and … Read More

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Why Choose a Non-ERP Software owned Budgeting and Planning Solution?

In the course of our conversations with our customers, someone asked us – why should we choose Performance Canvas Financials over the budgeting and planning software put forward by the ERP system we had chosen? Now this question I thought … Read More

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The Power of Weekly Corporate Financial Reporting & Analysis

We have entered a rather unusual time when borrowers get paid, and savers are not rewarded. It is truly a mind boggling phenomenon especially for economists because we are in an era of a long period of negative interest rates … Read More

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The Best Budgeting Software that Reads Data Directly from Your Dynamics 365 System – Performance Canvas Financials

Not all budgeting solutions are created equal – some are substantially better than others. This statement is as bold as it is true. Now you might ask – how do you define the best budgeting software? At the risk of … Read More

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Businesses – How Prepared Are You to Handle a Slowdown in Demand?

An investment company´s CEO named Johan Forssell has recently warned of an impending recession. In the first quarter of their investment company´s report, he notes of a slowdown in demand that seems to be going on. He did mention that … Read More

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Realistic and Critical Points to Remember before Implementing A New Budget Planning Software

The process of choosing new financial planning & analysis software or budget planning software (whatever you want to call it) is long and hard, but truth be told, that is only half the battle. The other half – which is … Read More

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Top 3 Evaluation Criteria for a Trust-worthy Financial Accounting Software

After attending a 4.000-strong customer conference in the last week in Las Vegas and spending much of our time talking to financial controllers and finance managers, there were two recurring facts these decision-makers tried to point out– they want to … Read More

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The 8 Things that Best Buy Can Teach Businesses with Sliding Sales and Profit

There was a time when best buy´s existence was threatened. Many saw the sales and profit of the business tank and their CEO resigned. In fact, best buy´s customers would go to the store, look at the things they wanted … Read More

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Top Data Analytics Trends of 2019

The business tech world has been in flux in recent years. We have seen the evolution of data analytics platforms from being specialised software tools to an essential component of a company’s everyday processes, according to a recent Performance Canvas … Read More

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Top 5 Important Trends in Financial Budgeting and Reporting

Arguably all businesses are playing catch up these days. Things can quickly change in the blink of an eye – for good and bad. The good that comes out of everything that is going around is the fact that people … Read More

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