Centage

DECEMBER 14, 2023

Forecasting errors are an inevitable part of the budgeting process. Quickly identifying forecast errors in your budget is not a sign of failure, but an opportunity for improvement. Forecast error: Definition and Types In the simplest terms, forecast errors are the difference between predicted values and actual outcomes.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Forecasting Budgeting Analyzing Data 40

The Finance Weekly

DECEMBER 22, 2022

More agile forecasts and at least [weekly] forecasting and assimilating on your latest forecast is probably really what companies need today.”. In our strong use cases today, we might see some fraud detection, we might see AI and power forecasting, but it’s all very early stages.”.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Finance Accounts Payable Prioritization 98

Fpanda Club

APRIL 18, 2022

To perform these functions marketing, as a discipline, possesses a wide range of tools and techniques that can be used to analyze data, verify hypotheses and communicate information. It focuses on what the user might say and do while using the product, understand if they might have any difficulties interacting with it.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Marketing Finance Forecasting 130

Centage

DECEMBER 13, 2021

Now more than ever, FP&A teams need to forecast, budget and plan on a monthly, and sometimes even a weekly, basis, but for many, that’s a tall order, especially if they rely on spreadsheets to reforecast and provide strategic advice on a regular basis. Challenge #2: data is critical but it’s everywhere and it’s not connected.

Financial Planning and Analysis (FP&A) 84

Financial Planning and Analysis (FP&A) Technology Forecasting Budgeting 84

Jedox Finance

APRIL 9, 2020

A modern enterprise performance management solution helps decision makers to prepare and analyze data and share insights. Achieving greater agility and efficiency supports continuous planning, budgeting and forecasting. What-if scenario analyses and simulations can also help to prepare for multiple eventualities.

Analyzing Data 84

Analyzing Data Budgeting Planning Economics 84

Centage

JUNE 2, 2023

For instance, a certain raw material may jump 12 percent over a three year period, but historical data shows only minor adjustments of 3 percent for two years, and then a large increase of 6 percent in the third. Direct labor is another area where analyzing data can lead to cost savings and a better budget.

Budgeting 85

Budgeting Manufacturing Forecasting Analyzing Data 85

PYMNTS

SEPTEMBER 4, 2019

Using accounts receivable data to accelerate the order-to-cash cycle is only part of the broader picture of cash flow management — and indeed, AR data is only part of the solution to enhanced cash flow forecasting. The Financial Consequences.

Cash Flow Forecasting 61

Cash Flow Forecasting Accounting Forecasting Accounts Payable 61

PYMNTS

MARCH 4, 2020

Similar challenges have emerged in the traditional ERP’s ability to meet modern financial planning, cash flow forecasting, and risk analytics needs, he added. But true AI capabilities that analyze data and help to drive decision-making in the same way humans do are probably still up to a decade away.”.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

CFO News Room

FEBRUARY 2, 2022

Like Sowell, Williams didn’t care about your approval, but he did care about your willingness to think and to analyze data, even if – perhaps especially if — it upset your beliefs. I wish Williams had explored the data from a different perspective. I would like the ideas that I’ve put out there to be remembered.”

Analyzing Data 130

Analyzing Data Finance Economics Education 130

The Finance Weekly

NOVEMBER 8, 2022

From accounting and payroll management to budgeting and forecasting, finance is the reason and numbers behind every bit of data that passes through the organization. All of this allows finance professionals to spend more time analyzing data instead of conducting manual and repetitive work. How each winner was chosen?

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Finance Accounts Payable Invoicing 98

The Finance Weekly

AUGUST 30, 2022

Today, the average FP&A analyst , only spends 25% of their time analyzing data , while the other 75% of their valuable time is spent on activities such as collecting and cleaning the data. Many of the forecasting reports need to be built individually from scratch instead of having prebuilt templates to choose from. #3

Financial Planning and Analysis (FP&A) 95

Financial Planning and Analysis (FP&A) Analyzing Data Budgeting Startups 95

PYMNTS

OCTOBER 7, 2016

Reval offers corporate treasurers risk mitigation solutions, an offering that Okochi recently told PYMNTS was key for companies experiencing “rapid growth, either through organic means or mergers and acquisitions, where it can be hard to get data.”

Treasury 49

Treasury Mergers and Acquisitions (M&A) Analyzing Data Leadership 49

Centage

AUGUST 1, 2023

Analyze data in numerous ways to find potential discrepancies or bottlenecks in the budgeting process. Our cloud platform, Planning Maestro , makes sophisticated budgeting , planning , and forecasting easy and accessible. Technology is key in offering timely ways to monitor progress.

Budgeting 98

Budgeting Financial Planning and Analysis (FP&A) Benchmarking Communication 98

CFO Talks

NOVEMBER 20, 2024

The challenge of analyzing data, identifying trends, and making informed decisions based on complex factors inspired me to learn more. Start with deepening your understanding of financial planning and analysis, budgeting, and forecasting to support data-driven decisions.

CFO 52

CFO Prioritization Leadership Communication 52

Lime Light

OCTOBER 20, 2022

Organizations that are using NetSuite, however, can often find themselves resorting to manual and tedious methods when it comes to financial planning, forecasting revenue, and analyzing financial data. Here are a few common issues: Versioning issues : “Opex Budget Template Version 7 final”. Does that sound familiar?

Budgeting 52

Budgeting Analyzing Data Auditing Financial Data 52

The Finance Weekly

AUGUST 6, 2024

Key Features Drivetrain offers extensive flexibility for modeling and analyzing data across numerous dimensions, featuring more than 100 pre-defined metrics available right out of the box. Drill down into transaction-level data to uncover hidden, actionable insights. Create models using simple formulas.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Forecasting Analyzing Data Financial Analysis 52

Centage

SEPTEMBER 27, 2022

And fortunately, modern technology is resulting in a data flood that enables companies to predict more than ever before. By collecting and analyzing data from various parts of the organization, companies can generate reports that provide data-driven answers to all the questions plaguing them. Greater Accuracy.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Financial Reporting Forecasting Budgeting 52

The Finance Weekly

MARCH 22, 2022

But the consensus in corporate finance is that FP&A describes plan creation (mainly financial), analyzing data, and interpreting its meaning with the aim of providing senior management with information to support strategic leadership and operational decision-making. Enhancing Forecast Accuracy.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Forecasting Corporate Finance Analyzing Data 52

PYMNTS

JUNE 29, 2017

As eCommerce pushes its way onward and upward, retailers are continually looking for ways to protect consumer data while providing a quality commerce experience for all parties involved. This research forecasts that digital payments are on the rise, with eCommerce making up 14.6 percent according to eMarketer.

Analyzing Data 57

Analyzing Data eCommerce Retail Sales 57

The Finance Weekly

NOVEMBER 27, 2022

Implementing xP&A allows planning, forecasting, analytics, and all of the other benefits of FP&A to reach all of the operational departments in the company. Not only does this approach help everyone be more connected to company data and goals, but it also eliminates the traditional barriers between finance and operations.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Planning Forecasting Leadership 52

The Finance Weekly

DECEMBER 20, 2023

Task Automation Workforce planning tools help streamline tasks by automating processes such as demand forecasting, supply analysis, and scenario planning. In uncertain business landscapes, companies using workforce planning solutions gain a competitive edge by making faster, data-driven decisions. Self-service planning.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Planning General Ledger Budgeting 52

CFO Share

JULY 27, 2023

The integration of AI in finance operations has already transformed the way CFOs analyze data, make decisions, and navigate complex financial landscapes. By analyzing historical data, market trends, and various external factors, AI algorithms can generate more accurate sales forecasts, demand predictions, and financial projections.

CFO 40

CFO Data Analysis Analyzing Data Risk Management 40

PYMNTS

SEPTEMBER 20, 2017

In its 2018 Industry Forecast report , released earlier this month, Advito pointed to machine learning and artificial intelligence (AI) as a particularly disruptive tool that is helping corporates meet traveler demands while saving money. Machine learning, Brindley explained, could help companies achieve both.

Analyzing Data 49

Analyzing Data Forecasting Compliance Technology 49

The Finance Weekly

DECEMBER 20, 2023

Task Automation Workforce planning tools help streamline tasks by automating processes such as demand forecasting, supply analysis, and scenario planning. In uncertain business landscapes, companies using workforce planning solutions gain a competitive edge by making faster, data-driven decisions. Self-service planning.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Planning General Ledger Budgeting 52

Spreadym

JUNE 27, 2023

It involves forecasting, budgeting, analyzing, and reporting financial information to support strategic planning and operational decision-making. Financial Forecasting: FP&A professionals forecast the financial performance of an organization over a specific period, typically one to five years. annual or multi-year).

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Planning Financial Analysis Budgeting 52

PYMNTS

MARCH 1, 2018

“We’ve seen CFOs increasingly take on the role of chief data officers in their organizations,” said Adaptive Insights CFO Jim Johnson in a statement. “At At the same time, CFOs recognize the limitations in the way they manage and analyze data today and know it will only get worse with the proliferation of more systems with siloed data.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Analyzing Data Corporate Finance Reconciliations 40

Boston Startup CFO

FEBRUARY 1, 2023

Creating a cash flow forecast : A cash flow forecast is a projection of your expected cash inflows and outflows over a certain period of time. A CFO can help you create a cash flow forecast to give you a better understanding of your cash flow needs and help you plan for the future.

CFO 40

CFO Startups Cash Flow Forecasting Budgeting 40

Jedox Finance

MARCH 7, 2023

The team needed detailed forecasts that could drill down to different product lines, SKUs, customers, materials, and regions. Mitsui piloted the Jedox predictive forecasting module, which supports a rolling annual sales forecast with AI-generated predictions.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Forecasting SAP 52

Collectiv

NOVEMBER 16, 2021

Microsoft’s built-in KPI visualization allows you to take one number— a forecast or a budget—and compare it against itself. A newer visualization tool within Power BI, the decomposition tree visual allows users to visualize data across multiple dimensions. Then it will even sparkline the trend over some axis.

Financial Reporting 75

Financial Reporting Profit and Loss Budgeting Analyzing Data 75

The Finance Weekly

OCTOBER 8, 2023

These type software provides various functions like forecasting, , financial reporting , managing cash flow, and analyzing differences in planned versus actual expenses. It falls into categories like Corporate Performance Management, Budgeting, Forecasting, Financial Close, and Sales Performance Management software.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Financial Modeling Forecasting 52

Collectiv

JUNE 13, 2023

Additionally, the manual nature of these spreadsheets makes the process prone to human error when inputting, interpreting, and distributing data. By contrast, a tool like Power BI makes it easier (and quicker) to reliably collect, organize, and analyze data.

Nonprofit 52

Nonprofit Leverage Analyzing Data Budgeting 52

Planful

MARCH 18, 2019

Short Term Cash Flow Analysis & Financial Forecasting Reports. The goal of cash flow forecasts is to predict future financial liquidity and cash collection over a specific period of time. Operation Review Reports. Financial analysts are also financial planners.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Financial Reporting Cash Flow Forecasting Forecasting 40

PYMNTS

MARCH 2, 2020

Additionally, data connectivity can benefit a range of processes, like payroll and cash forecasting. That’s because initiating a transaction isn’t just about moving and analyzing data. Payments, and more specifically, initiating a transaction, can be a bit more difficult to accomplish.

Accounting 56

Accounting Reconciliations Profit and Loss B2B 56

Bramasol

JUNE 30, 2023

By analyzing large volumes of data and identifying patterns and trends, AI systems offers valuable insights for market analysis, customer segmentation, demand forecasting, and strategic planning. It can predict demand, optimize inventory levels, streamline logistics routes, and identify potential bottlenecks or disruptions.

SAP 70

SAP B2B Leverage Analyzing Data 70

Planful

FEBRUARY 13, 2018

Today, most organizations have complex and fragmented architecture landscapes that make it difficult for departments to share and disseminate data; and many of them are still not leveraging modern technology for planning and forecasting to stay ahead of operational performance issues and market trends.

Analyzing Data 40

Analyzing Data Leverage Forecasting Securities 40

Jedox Finance

JUNE 14, 2023

Instead, seek the most appropriate distribution pattern for each data source and apply heuristic judgment around forecasted numbers. Analyzing data relevance, involving diverse perspectives, and challenging assumptions will help finance teams think outside the box and develop more robust strategies.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Planning Analyzing Data Finance 52

The Finance Weekly

AUGUST 30, 2022

Today, the average FP&A analyst , only spends 25% of their time analyzing data , while the other 75% of their valuable time is spent on activities such as collecting and cleaning the data. Many of the forecasting reports need to be built individually from scratch instead of having prebuilt templates to choose from. #3

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Startups Analyzing Data Budgeting 52