Having a definite roadmap of your financial strategy for 2021 can mean all the difference in how fast you can achieve your business goals. If you’re a CFO, on top of looking at your financial performance from the previous fiscal year, identifying what has worked well, and learning from past mistakes, it pays to be guided by financial insights and trends that can steer you in the right direction for 2021.
We’ve drafted a list of our top 10 finance tips and articles that can help you up your game for 2021.
PCF Top 10 Finance Articles
Top Business Intelligence Trends for 2021
The pandemic has taught us the importance of data-driven insights in making critical business decisions and guiding the path forward. So, what new trends can we expect for data and finance in 2021?
This article takes a close look at the top business intelligence (BI) trends shaping finance this year.
BI Tools vs. Excel in Financial Modelling
Tracking, analyzing, and effectively managing data can be one of the top pitfalls for growing organizations. Going in blindly, without the right data to back up critical decisions, is fool-hardy.
Big organizations that work through large volumes of data will find Excel to be more limiting than useful, preventing them from gathering valuable insights to help with decision-making.
Business Intelligence (BI) tools exceed Excel in data management, analytics, and the use of smarter workflows to ensure accuracy. This article looks into which tool is right for you when it comes to financial modeling.
What is Performance Reporting?
No business can take great strides in achieving its goals without performance reporting. Your business KPIs can help you identify areas that are preventing you from moving forward. It also helps spot clear opportunities that can help companies establish a concrete roadmap for the future. Learn the basics of performance reporting and why you should pay more attention to your business’s KPIs.
Deadly Mistakes in Financial Consolidation Most People Make
Compliance and reporting are only a few of the many problems CFOs and finance teams have to deal with on a regular basis. But not being able to move forward from these issues can trap your finance team into a never-ending cycle of inaccurate reports and misguided insights.
In this article, learn the most common mistakes in financial consolidation and what you can do to correct them.
The Growth and Benefits of SAAS Budgeting and Forecasting Software
Whether your finance team is still dealing with spreadsheet problems in every financial closing, this timely article uncovers the benefits and potential issues of SAAS financial planning software and what you can do to maximize your business potential.
Understanding the Power of Accurate Financial Statements
Accurate financial reports and statements are invaluable to making significant investment decisions. Business investors need access to accurate financial information to determine whether companies are worth investing in. This article reviews some of the top reasons why businesses should put a prime on accurate financial reporting and forecasting.
Why CFOs Should Leverage Financial Technology for Business Growth
Amidst volatile economies and market uncertainties, today’s CFOs need to be change-makers and help steer their organizations forward. This article takes a close look at the shift in the role of CFOs today and explores why financial technology could be their partner for long-term growth.
Aligning Your Financial Strategy to Survive A Crisis
The financial impact of COVID-19 has made companies review their financial strategy to ensure they are well-equipped to survive the next global crisis. In this article, explore how you can start aligning your financial strategy to ensure business continuity.
Why CFOs Need Scenario-Based Planning During COVID-19
With COVID-19 continuing to affect businesses worldwide, scenario-based planning can help companies prepare for the road ahead to create specific action plans that counter the impact of any business disruption. Still, Accenture notes that 80% of the organizations set targets concerning historical performance instead of future scenarios.
Learn what scenario-based planning is and why you should start doing it today.
6 Financial KPIs that Matter
Financial KPIs help organizations stay on target so they can progress towards their goals. They also guide stakeholders in making big decisions that can shape the direction of the company. This article highlights the top financial KPIs that point to your company’s financial health and explains why tracking your business’s financial performance can lead to success.
