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.

Best Practices for an Effective Financial Reforecasting
Published: August 11, 2020
Corporate budgets can change rather quickly especially amidst changing market conditions. When you find that your budget is becoming obsolete after being impacted by various economic downturns and unplanned changes, financial reforecasting is crucial to ensure your budget is aligned with your company’s actual performance. Companies should be wary of signs that highlight a need for reforecasting such as high budget variances, unachievable targets, and (Read More)
The Top Causes of Inaccurate Forecasting
Published: August 4, 2020
Every growing business needs accurate financial forecasting to track how well the company is doing in meeting its goals and if it’s cruising steadily in (Read More)
Why Excel Is Risky for Financial Reporting and Analysis
Published: July 28, 2020
For many years, Excel has been known as the go-to software for finance and accounting teams. And though most of us have used Excel at (Read More)
Why CFOs Should Leverage Financial Technology to Drive Business Growth
Published: July 21, 2020
For many CFOs, the past few years have seen a massive change in their role. According to Deloitte, many CFOs today have seen a change (Read More)
How CFOs Can Help Businesses Respond and Recover from COVID-19
Published: July 14, 2020
With so many businesses facing the uncertainty of what may come in the future amidst COVID-19, CFOs are faced with a tremendous challenge to help (Read More)
Why CFOs Need Scenario-based Planning During COVID-19
Published: July 8, 2020
The impact of COVID-19 continues to resonate throughout businesses today. As many businesses close their doors, most CFOs often have to deal with the responsibility (Read More)
Aligning Your Financial Strategy to Survive A Crisis
Published: July 1, 2020
No matter where you look today, many organizations were blindsided by the impact of the pandemic to their business. As we see many businesses close (Read More)
How Performance Canvas Financial’s Corporate Sales Budgeting Module Can Improve Team Performance
Published: June 23, 2020
Every business owner knows how important it is to create a sales budget to forecast your future earnings. Many CFOs draft sales budgets as a (Read More)
Top Best Practices to Improve Forecasting Accuracy
Published: June 16, 2020
Nowadays, making big decisions without the right data is risky and potentially costly. Still, we hear of executives who base decisions on gut feeling alone. (Read More)
Why PCF Cloud Stands Out in Next-Generation Financial Modeling
Published: June 10, 2020
Many organizations today have to learn how to deal with economic uncertainty amidst changing market conditions. Thus, many companies and their finance teams turn to (Read More)