Our Blog

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

Performance Canvas Successfully Joined User Group Summit Europe 2019

Performance Canvas Financials – a complete and cloud-based reporting, budgeting & planning, BI, and consolidation solution successfully connected with the users of Dynamics 365 Finance & Operations, Dynamics Business Central, AX, NAV, and GP last March 27-29, 2019 in RAI … Read More

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Top 5 Differences between Financial Budgeting in an ERP Software versus Financial Budgeting in a Budgeting & Planning Software

We often get the question of why an organization would need an add-on Budgeting & Planning software if their ERP software already includes budgeting and planning capabilities. Finance professionals that have experience doing budgeting & planning in a good, add-on … Read More

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How to Make Excel work for Financial Reporting & Analysis

Creating multiple financial reports for different people for different reasons take much time and honestly, it sucks. No one enjoys it. It is just a pain. There, I said it. Perhaps it is not so much creating financial reports that … Read More

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How to Solve the Top 5 Financial Reporting Issues in Excel using a Financial Reporting Software

Financial reporting and analysis in the ideal world are supposed to be fun and intellectually stimulating. I say “in the ideal world” because most finance professionals spend a significant amount of time cross checking their copy pasted numbers in their … Read More

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Let New Technology Enforce your Chart of Accounts and Enable Accurate Financial Forecasting

Year after year, many finance departments still try to force a spreadsheet approach to financial forecasting. However, if you ask any forward-thinking CFO or finance manager, their experience and wisdom will tell you that performing financial forecasting or financial reporting … Read More

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8 Reasons why Performance Canvas Financials is a Superior Budgeting Software

The most software vendor will claim that they can do everything and solve everything. True enough, some might be able to do that, but honestly, most don´t. What they promise in pre-sales is always a far cry from what is … Read More

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An Accountant´s Logical and Useful Advice to Improve Cash flow Forecasting

Anyone running a business knows the way to run a business efficiently is by making sure the cash flow forecast is up to date. Effective cash flow forecasting makes sure that you can anticipate different scenarios and prepare for them. … Read More

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Performance Canvas Financials will showcase its Cloud-based Budgeting and Reporting Software at the 2019 Microsoft Dynamics Annual User Group Summit in Amsterdam

Performance Canvas Financials is joining the annual user group summit in Amsterdam, Netherlands on March 27 -29, 2019 to bring its subscription-based budgeting and reporting software closer to the users of Dynamics 365 finance and operations & Dynamics AX, Dynamics … Read More

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The Horror of Excel Spreadsheet Account Reconciliations

There are many things in this world that are hard to explain like why people seem to be so obsessed with the Kardashian or why you don´t have a fever when you are convinced you really have one or why … Read More

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5 Financial Forecasting Software Features for Realistic Forecasting

Financial forecasting is a dynamics process that requires revisiting quarterly or at least every time a major event takes place. That said many businesses are still forecasting using Excel spreadsheets which makes it harder for them to react fast enough … Read More

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Can A Financial Budgeting Software Be A Jack- of-All-Trades?

We live in a world where people get very uncomfortable at other people who try to be many things at once. We used to have many polymaths in the person of Leonardo da Vinci, for example, who was both a … Read More

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Budgeting and Financial Planning Software add-on to Microsoft Dynamics NAV, AX, and GP systems

Performance Canvas Financials is a complete and sophisticated budgeting and financial planning software that serves as an excellent complement to Microsoft Dynamics NAV, AX, and GP ERP systems. This budgeting and financial planning software works by streamlining the entire budget … Read More

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What Constitutes the Best Financial Budgeting Software?

Financial budgeting software is a tool that is meant to support the finance department´s execution of the budget process. The goal is that a company´s corporate financial budgeting should effectively link strategy and its execution. These days many decision makers … Read More

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Growing Business Budgeting as a Microsoft Dynamics NAV user

Business budgeting is one area of business that for many organizations have not received the focus and growth it deserves. Many are so caught up with big ERP implementations or other “more important” project roll-outs that budgeting is still tackled … Read More

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What Constitutes the Best Financial Budgeting Software?

Financial budgeting software is a tool that is meant to support the finance department´s execution of the budget process. The goal is that a company´s corporate financial budgeting should effectively link strategy and its execution. These days many decision makers … Read More

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Why CFOs Should Demand an AICPA SOC 2 Certificate from Their Cloud FP&A Software Vendors

Choosing the right business budgeting software or the right financial reporting software requires assessing beyond just price and features comparison. The reality is that most FP&A software out there can more or less offer a wide range of capabilities. The … Read More

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Reports-related KPIs for Finance Managers

Choosing what KPIs to measure for the finance department and its finance managers is always a tricky business. Do you measure KPIs that are important to track but your managers have little influence over? Alternatively, do you measure only KPIs … Read More

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The 3 Biggest Issues when Implementing a New Reporting and Budgeting Software

If you are a CFO or a finance manager who is about to purchase and implement a new reporting and budgeting software, this article is for you. What you and many others don´t realize is that successfully choosing a reporting … Read More

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The Marriage of Robotic Process Automation and Machine Learning for FP&A

Robotic process automation and machine learning are two words that are becoming more and more familiar in finance. Many still are unsure what the differences are between these two so let´s begin by clearly defining them. Robotic process automation as … Read More

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Financial Planning amidst Uncertainty in Interest Rates Direction

On January 30, 2019, the Federal Reserve Chairman Jerome Powell issued a statement saying their case for raising interest rates has somewhat weakened. This is a change in the fed´s tone that not so long ago tensed the market when … Read More

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Is Your Business Ready For More Economic Slowdown this Year?

Economic indicators have been showing signs of slowdown since late 2017 and despite the fact 2019 started off quite strong, Lakshman Achuthan – an economic cycle research institute warns that the global market is still not out of danger. There … Read More

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The Best Financial Reporting Software for the Latest Accounting Standard Update

FASB ASC – 842 is already slowly rolled out by publicly held companies whilst privately held ones still have an extra year to prepare although they must already comply with it for the fiscal year after December 15, 2019. There … Read More

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The Best ERP software-Integrated Budgeting and Reporting Solution

Arguably all businesses today use an ERP system to help them run their business smoothly. There is wisdom in this in that an ERP software can link together many processes that will allow them to optimize costs and increase efficiencies. … Read More

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The Best Financial Forecasting Software for Financial Statements

Every business needs to perform some sort of financial forecasting for the year to come. Forecasting financial statements is one of the more crucial forecasts for many. There are obviously many ways to accomplish this and below are some of … Read More

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5 Ways to Improve the Effectivity of your Management Reports

January is usually a busy period for finance departments as they close their books and prepare all the necessary reports – financial and management. If you are an accountant or a financial reporting professional, your head is probably buried preparing … Read More

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Low cost, self-service BI in the Cloud

There are many things that have changed in the complex world of BI. Some of that is the fact that no business is now willing to wait weeks or months creating a report and no one likes rocket science BI … Read More

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New Reporting Solution for Finance

The new year brings new challenges to FP&A teams especially in the field of financial reporting. There is a myriad of factors that challenge finance professionals today – changes in accounting standards, political uncertainties, high market volatility, and fiercer market … Read More

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Trustworthy Corporate Performance Analytics in the Cloud with Performance Canvas Financials

The business that can effectively squeeze the most business insights from their data dominates the market. It is therefore important that a business can integrate its planning process to reporting and analysis, budgeting, forecasting, metrics management so that it can … Read More

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New Tricks to Create More Accurate Budgets and Forecasts for the New Year

New Year, New Tricks. Join us on Jan 30, 2019 10 AM EST as we bring you new and exciting ways to get more accurate budgets and forecasts for your business. This 2019 work smarter and finish your budget process … Read More

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The 5 Financial KPIs to Motivate Your Finance Department this 2019

There are several KPIs for the finance departments that are currently being measured by businesses. However, it is important to remember that when choosing to measure certain KPIs, it is good to identify the purpose for tracking it beforehand. Financial … Read More

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