Our Blog

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

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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The Characteristics of the Best Corporate Financial Software

It is no secret that many vendors of corporate finance software claim to have discovered the secret ingredients which make up the best corporate financial software. The truth is that most of these vendors look into what competing vendors are … Read More

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5 Practical Questions on Performance Canvas Self-service Financial Reporting

When it comes to the world of financial planning & analysis, there is a push towards self-service financial reporting and analysis. What this essentially means is that you empower your finance staff to perform their own analysis, query the data, … Read More

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Improving Excel-based Corporate Budgeting

Using excel spreadsheets for corporate budgeting is not always a bad thing. For smaller companies with a fairly simple business model and a small number of users, excel spreadsheets is perfect. Companies that do not have huge volumes of data … Read More

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Can You Relate to These 7 Real Life FP&A Issues?

Even the smallest companies plan for growth and a critical component in order to achieve that vision is by performing financial planning & analysis. This means, among other things, performing budgeting and planning/financial forecasting, reporting  analysis, financial consolidation, and tracking … Read More

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FP&A Tutorial Series: How to Change User View

Performance Canvas Financials – a complete, cloud-based FP&A solution has introduced in May 2018 a lot of new and exciting features that is sure to make performing financial planning & analysis faster as it improves the quality of the FP&A … Read More

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Finance Workflow Automation in Performance Canvas Financials

Finance departments have the gargantuan task of making sure all transactions in the organization are recorded timely and accurately. On top of that, they also need to be ready with valuable business insights so they can support the leaders in … Read More

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5 Drivers to A More Efficient Financial Consolidation and Reporting Process

Companies that have multiple entities or those that are publicly listed often struggle with several bottlenecks in their financial consolidation and reporting. Tasks such as integration of new legal entities or follow-up of purchase price accounting puts the entire process … Read More

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Most Common Challenges & Solutions in Financial Budgeting and Forecasting

There are 7 well known challenges in financial budgeting and forecasting. While finance departments are fully aware of their own challenges, it is important to note these problems clearly so that decision makers drive the needed internal change and so … Read More

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Webinar: 2018 Best Practices in Financial Planning & Analysis

Do you hate your financial planning and analysis process because it doesn´t support sound decision-making? Does it take too long to complete? Is your FP&A output outdated before you can even finish it? Does it make collaborating with many people … Read More

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5 Simple and Straightforward Data Governance Best Practices

Do you have 100% confidence your data is reliable? Is your data quality consistent across the entire organization? Can the insights from your data governance support sound decision making? Can your data analytics pave the way for an improved and … Read More

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How to Determine if the Budgeting and Planning Solution is Right for Your Organization

If you are reading this article, it is probably because you hate your budgeting and planning process. Does it take too long to complete the entire budgeting cycle? Is it not helping you make sound business decisions? Is the data … Read More

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What Financial Planning and Reporting in Finance Seeks to Accomplish

FP&A analysts are the voice of reason for decision makers in an organization. The FP&A teams usually consist of highly intelligent and capable individuals that analyze a serious amount of data and metrics. FP&A analysts are excellent problem solvers and … Read More

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Live Forecasting vs Traditional Forecasting vs Rolling Forecasting

Performance Canvas Financials, a complete and cloud-based FP&A solution that can be installed and provisioned in as fast as 5 minutes, recently introduced one of its most powerful capabilities – Live Forecasting. However, not many understand the differences between traditional … Read More

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Legacy Systems Still Holding Back Automated Financial Reporting

Data analytics, robotic processes automation, and artificial intelligence have all contributed to the acceleration of data generation. Having such large amounts of data have made many organizations constantly play catch up daily and it has made their financial reporting rather … Read More

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10 Features Found in the Best Cloud-based Financial Dashboard

Dashboards serve an important role for many organizations in their quest to uncover critical business insights. Organizations use dashboards in gathering business intelligence which they hope would guide them in their day-to-day decision-making. More than just being a bunch of … Read More

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7 Signs Your Finance Department Can Benefit from Performance Canvas FP&A Software

If you are an accountant, an analyst, a finance manager or a CFO, the words budgeting and planning or closing of the books might send chills down your spine. Hearing words that relate to financial planning & analysis might bring … Read More

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Is There A Difference Between A Business Intelligence Tool and A Reporting Tool?

For some organizations, business intelligence and reporting are used to refer to the same thing. However, business intelligence and reporting vary in the roles they play within an organization. For example, business intelligence usually answers the question why and reporting … Read More

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The 5 Things You Learn from Budget vs Actuals Variance Analysis

All businesses put in a lot of time and effort into financial planning and performing budget vs actuals variance analysis is but a way to see how the business is performing against its budget. Doing budget vs actual analysis is … Read More

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Performance Canvas’s pcFinancials bags Great User Experience and Rising Star Awards 2018 under Budgeting Software from Platform for SaaS Reviews

Performance Canvas Financials, a complete, cloud-based financial planning & analysis (FP&A) software, recently received two awards from FinancesOnline for great user experience and as a rising star in the budgeting and planning arena. FinancesOnline, a reputable online software directory relied … Read More

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2018 Top Enterprise Performance Management Software

Enterprise Performance Management (EPM) means different things to different people. Some use the term EPM interchangeably with Corporate Performance Management (CPM) or Business Performance Management (BPM). For Performance Canvas, EPM is the sum of processes and systems that help businesses … Read More

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5 Finance-Driven Questions for CFOs to Drive Company Performance

For the top chief financial officers, finding ways to improve overall company performance calls for more than just knowing the latest trends and theories. It requires stepping up strategy-formulation and decision-making process while being firmly in touch with reality. Obviously, … Read More

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Corporate Financial Reporting with Performance Canvas Financials Explained

Corporate financial reporting is a very important process which allows organizations to compare their budgets against the previous year and subsequently, project the next one. Today, many organizations still create their financial reports from scratch using traditional methods in Excel … Read More

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The 15 Financial KPIs that Must Be Present in Your Financial KPI Dashboard

Every organization regardless of industry or size shares one thing in common – the need to maintain good financial control within the organization. For sound business and leadership decisions to be made, it is not enough to be on top … Read More

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5 Reasons Why Financial Modeling is Ineffective in Excel Spreadsheets

Many people are rather confused by the terms financial model and excel spreadsheets. Are they one and the same? Or are there significant differences? What is excel financial modeling and what is financial modeling? Truth be told, there is a … Read More

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3 Hottest Trends in Corporate Budgeting and Planning

Corporate budgeting and planning as a process has changed drastically in the last decade. There are now higher expectations in terms of what is expected of the process and its outcome. The same is true with the FP&A professionals. They … Read More

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5 New Capabilities of Cloud Performance Canvas Financials

Performance Canvas recently launched their exciting, new cloud FP&A solution – cloud Performance Canvas Financials (cloud pcFinancials). For those that have not seen the press release you can read it here. pcFinancials is a cloud-based FP&A software that simplifies and … Read More

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Forecasting & Analysis in the Midst of An Impending Trade War

The US recently subjected its EU and NAFTA partners to 25% tariffs on steel and 10% tariffs on aluminum. Likewise, the EU, Canada, and Mexico have announced that retaliatory tariffs are underway. The US has also imposed 25% tariffs on … Read More

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Why CFOs Need FP&A Tools

Chief Finance Officers have traditionally depended on spreadsheets for budgeting and reporting. Arguably all accounting tasks can be done using MS Excel. MS Excel serves a variety of purposes for finance personnel. It is used in tasks such as inventory … Read More

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Justifying the Costs of an FP&A Software

Organizations, regardless of size, are constantly challenged in that resources never feel sufficient. For many businesses, finding that balance between ensuring they create an accurate report and implementing action plans or changes based on that report is difficult. It is … Read More

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