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.

Practical Tips to Increase Business Planning Agility
Published: July 27, 2021
Over the last few decades, the speed, depth, and scale of technological development have produced such a conducive environment for innovation that it has fundamentally altered the way businesses prosper. Today’s most disruptive, forward-thinking industry leaders aren’t only those with the most innovative ideas or the most considerable finances but are those who are the most agile—those that can predict and adapt to change the (Read More)
Why Companies Need Financial Forecasting Now More Than Ever
Published: July 21, 2021
Even in the middle of the year, financial projections remain a shifting target. With so much uncertainty still lurking, how does your company plan for (Read More)
The Value of Automated Financial Close and Consolidation
Published: July 13, 2021
Ask anyone, and you’ll never hear them say they look forward to financial closing. Businesses of all sizes struggle with it continuously and find it (Read More)
A Better Microsoft Forecaster Replacement
Published: July 6, 2021
Have you been using Forecaster for finance budgeting? For a while, it was a useful and popular tool for organizations that had basic needs when (Read More)
Scenario Planning Analysis in Financial Modeling
Published: June 29, 2021
In these turbulent times, it’s helpful for business leaders to plan for the future and anticipate factors that can derail the company from its goals. (Read More)
Financial Budgeting Hacks for Budding Entrepreneurs
Published: June 22, 2021
Jumpstarting your own business is often a dream come true for most entrepreneurs. Realizing how critical budgeting and financial planning can be for the business (Read More)
The Challenges of Real-time Reporting in Finance
Published: June 15, 2021
Real-time financial reporting offers numerous advantages to businesses as compared to traditional reporting.  We know businesses often expect financial reporting to be done on a (Read More)
How to Improve the Account Reconciliation Process
Published: June 8, 2021
Account reconciliation accuracy has become increasingly crucial in today's business landscape. The need for accuracy in reconciliation and reporting has grown to the point where (Read More)
HR Budgeting Best Practices with PCF
Published: June 1, 2021
Human resource budgeting can be challenging in part because employee initiatives are inextricably linked. HR teams must estimate budgets based on growth forecasts, employee headcount, (Read More)
Consolidated Financial Statements for Business and Why You Need It
Published: May 25, 2021
Consolidated financial statements are financial statements that often come from companies with several subsidiaries or divisions. In financial statement reporting, companies often use the term (Read More)