VCFO

MARCH 2, 2023

Some may think that makes financial management and strategic planning in a professional services firm simpler. This approach often manifests itself through mental exercises of “we did X in revenue this year and want to do Y% more next year,” but lacks sufficient thought and planning as to how that’s going to happen.

Strategic Planning 62

Strategic Planning CFO Budgeting Planning 62

Spreadym

JULY 26, 2023

Financial variance analysis is a technique used by businesses and organizations to understand the differences between budgeted or expected financial outcomes and actual financial results. The process of financial variance analysis typically involves the following steps: Setting Budgets: At the beginning of a specific time period (e.g.,

Budgeting 52

Budgeting Benchmarking Forecasting Strategic Planning 52

Spreadym

JUNE 27, 2023

FP&A is a process used by organizations to develop and manage their financial plans and make informed decisions based on financial analysis. It involves forecasting, budgeting, analyzing, and reporting financial information to support strategic planning and operational decision-making.

Financial Planning and Analysis (FP&A) 52

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

VCFO

MARCH 17, 2023

A benchmark exercise can also provide insight here. While a 12-month projection is needed to support broader budgeting and forecasting, sharpening their view of those peak periods is a must. Large companies will have historical information to look back on. Request a Free Consultation from a vcfo expert who can help.

Manufacturing 70

Manufacturing Forecasting Profit and Loss Benchmarking 70

Boston Startup CFO

APRIL 12, 2024

Budget vs. Actuals, Monthly Rolling Forecasts By analyzing your financial performance against budgeted targets, we will identify variances and recommend actionable strategies to improve cost efficiency and revenue generation.

Planning 40

Planning Cash Flow Forecasting Financial Modeling Forecasting 40

The Charity CFO

MARCH 22, 2024

In addition to identifying KPIs, you’ll need to establish benchmarks for success. After choosing KPIs and their benchmarks, you can start incorporating data insights into strategic planning. For example, historical financial data can help you with budgeting or creating financial forecasts for your organization.

Nonprofit 52

Nonprofit Leadership Benchmarking Leverage 52

The Finance Weekly

JULY 14, 2024

That’s exactly how Long-range Planning (LRP)works – not only for individuals but for businesses as well. It extends beyond conventional budgeting, planning, and forecasting processes which usually span a year, and concentrates mainly on financial goals and key initiatives that are 5-10 years or more into the future.

Planning 52

Planning Leadership Budgeting Financial Analyst 52

The Finance Weekly

NOVEMBER 27, 2023

They are widely used in , strategic planning and reporting to guide investment decisions. This measure aids in predicting future profits and establishing profitability goals and benchmarks. These objectives may include things like total revenue, profit, or the ratio of debt to equity.

Budgeting 52

Budgeting General Ledger Sales Concentration 52

VCFO

MARCH 30, 2023

A good place to start is benchmarking yourself against your competition. Technology investments are often punted forward to satisfy budget concerns or to calm fears of painful implementations, but those reasons should never get in the way of evaluating the potential return on technology investments.

Valuation 86

Valuation SAP Concentration Benchmarking 86

Future CFO

AUGUST 30, 2021

According to Payscale.com , skills such as leadership, and financial reporting and strategic planning, won’t elevate your take-home pay much. These days, strong computer skills, as are advanced knowledge of accounting, budgeting, and finances. What makes for a sought-after chief finance professional (CFO)?

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Problem Solving CFO 52

Planful

OCTOBER 25, 2016

One recommendation was to establish baselines for the business based on prior experience, or to use external benchmarking information to evaluate performance and risk. And as such, it should be considered as part of corporate goal setting, strategic planning, and financial and operational planning and reporting.

Risk Management 40

Risk Management CFO Budgeting Benchmarking 40

Centage

JANUARY 18, 2024

Finance teams often get asked to do more with less, which makes it important that you adopt the right FP&A tools to amplify your capabilities and create more time for strategic planning. Stronger interdepartmental communication and collaboration is a good benchmark to set as a best practice for this year.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Data Analysis Risk Management Leverage 40

CFO Talks

MARCH 19, 2024

This list should encompass both quick wins, such as automating invoice processing to improve cash flow management, and long-term objectives, like integrating AI-driven analytics for more accurate financial forecasting and strategic planning. These KPIs serve as benchmarks to measure the organization’s progress toward its goals.

CFO 52

CFO Communication Finance Budgeting 52

Barry Ritholtz

FEBRUARY 21, 2023

And we had prioritized all our strategic plans, we had to figure out how to get them done while people were remote. And right now, you look back over 10 years, our active funds, 94 percent are outperforming their competitive group averages, 68 percent are outperforming their benchmarks. So you look for more excess return.

Leadership 111

Leadership Investments Profit and Loss Technology 111