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

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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Top 5 Most Important Business Intelligence Trends in 2019

A new year is upon us and it is always exciting to look at what trends the year will bring especially at a time when businesses agree that real-time data is the elixir of businesses. BI platforms have gone from … Read More

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Budgeting and Forecasting Software for Organizations with Moderately Complex to Highly Complex Needs

The Challenge CFOs persistently strive to gain perceptibility into data to make accurate forecasts and sensible year-round budgets. It has never been more important to gain access to real-time, insightful, and actionable information to help support the decision-making of a … Read More

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Support the Decision-makers, not the Excel Spreadsheets

If there is one thing finance departments across the globe agree on, it is the fact that using Excel spreadsheets for budgeting and reporting is a pain. No matter how careful each finance analyst is in governing excel spreadsheets, these … Read More

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How to Budget, Forecast, Report Better in 2019

And just as fast as it came, 2018 is ending. For many finance departments, it is a time to take a step back and reflect on the bottlenecks of the entire budgeting and reporting process. Was this year´s close process … Read More

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Why you Need More than Just your ERP System for Balance Sheet and Cashflow Validation

Businesses have several and rigorous month-end close activities to ensure that their outputs are accurate. These activities are meant to generate real-time business insights to support the decision-making process of their frontline and senior managers. These close activities are composed … Read More

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When the Next Recession Comes, Will Your Business Manage?

It has been 10 years since the great recession and so many are on the lookout for signs of an impending financial crisis in the horizon. We are still in an era of low interest rates and strong economic growth … Read More

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Real-time Data is the Elixir of Businesses

Data comes from a multitude of sources. There is operational data and then there is data that flows through financial systems. There certainly is no shortage of data in businesses. In fact, accumulating massive amounts of data daily is a … Read More

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How Digital Change Bullies the Ever Cautious CFO

There was a time when CFOs deemed it important not to take the first steps in anything new. CFOs are by nature very cautious people for good reasons and taking the first step was seen as something too risky and … Read More

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The Best Financial Analysis Software for Forward-looking Businesses

Closing the books faster and more accurately remains to be a vision for many organizations. At the moment, closing the books is a recurring headache for finance departments who are still operating on old spreadsheet ways. While there are conscious … Read More

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Business Budgeting and Forecasting in the midst of Rising Investor Anxiety

September and October 2018 have been turbulent months for the market. Dow Jones industrial average and S&P 500 have now entered a negative territory. Nasdaq also dropped 4.4% amid growing concerns of weak profits and the potential negative consequences brought … Read More

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Automating Journal Entry to Improve Corporate Financial Analysis

In this day and age, it is quite hard to believe that many large organizations still do things manually but they actually still do. Why this is so is a rather complex question to answer. The finance department is one … Read More

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What Makes Driver-based Forecasting Challenging?

Driver-based forecasting means you as a company base your financial forecasts on key business drivers. It is one of today´s best practices and most recommended approach for supporting a company´s management needs. However, many businesses are hesitant to adopt driver-based … Read More

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Clarity of Process and Workflow in Corporate Budget Planning

A huge number of businesses still send out excel spreadsheets to the managers involved in their corporate budget planning process. These managers are expected to complete their part of the figures and to submit them afterwards. The finance team then … Read More

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Advanced Financial Modeling in the Cloud

A finance analyst is expected to be comfortable with two things – numbers and excel. One of the main reasons why a finance analyst has to be good with excel is because he or she is expected to perform financial … Read More

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Webinar: Expectation vs Reality in Cloud FP&A Deployments

Transitioning to a cloud solution involves a lot of planning and preparation both from customers and software vendors alike. There are key things that are worth paying particular attention to such as: People, Process, Data, and Technology. The reality is … Read More

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The Reality of Cloud-based Financial Software Implementations

There was a time when finance departments preferred on premises solutions. A time when long implementation times were still acceptable; extensions, patchings, and maintenance are expected to be done solely by the vendor and IT team; and a time when … Read More

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