Nerd's Eye View

MARCH 28, 2023

What's unique about Erica, though, is how she built a series of spreadsheet tools to measure the details of each step of her advisory firm’s marketing funnel, from lead generation to each meeting in the sales process to client onboarding and getting initial revenue for the firm… and then turned it into a series of tools that any advisory (..)

Marketing 83

Marketing Benchmarking Analyzing Data Strategic Planning 83

VCFO

MARCH 2, 2023

Some may think that makes financial management and strategic planning in a professional services firm simpler. Visualizing and articulating goals for the business provides an endpoint that one can then walk back year-on-year to chart milestones, build meaningful budgets, and form the basis of the strategic plan.

Strategic Planning 62

Strategic Planning CFO Budgeting Planning 62

Fpanda Club

FEBRUARY 5, 2024

Moreover, over 30% of finance leaders still do not have a seat at the table during strategic planning discussions. The State of Strategic Finance. Vena Industry Benchmark Report 2022. However, 22% of business managers don’t consider any other financial implications but revenue when making operational decisions.

Finance 130

Finance Analyzing Data Benchmarking Communication 130

VCFO

NOVEMBER 1, 2023

Focusing Forward A year end project plan for every company includes, among other things, the actions required to close the books, completion of the audit and tax returns, issuance of W-2s and 1099s and filing of payroll and HR related reports with the relevant authorities. It is critical to engage in strategic planning for the year ahead.

Finance 88

Finance Strategic Planning Auditing CFO 88

Boston Startup CFO

APRIL 12, 2024

By implementing a robust measurement system, we will provide you with valuable data-driven insights into your company's performance, enabling better decision-making, early detection of potential issues, and strategic planning for long-term success.

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. Using Data for Program Evaluations Data can be a great tool to evaluate the effectiveness of your nonprofit programs or services.

Nonprofit 52

Nonprofit Leadership Benchmarking Leverage 52

Spreadym

JULY 26, 2023

Financial variance analysis is a valuable tool for financial management, budgeting, and strategic planning. Benchmarking: Comparing actual performance to budgeted or industry benchmarks helps in identifying areas where the company outperforms its peers or areas that need improvement to stay competitive.

Budgeting 52

Budgeting Benchmarking Forecasting Strategic Planning 52

VCFO

SEPTEMBER 21, 2023

You can learn how you compare to your competitors and best in class by benchmarking your performance to a peer group. For instance, if your benchmarking shows a gross profit margin below the industry, that may signal excessive Cost of Goods Sold or Cost of Sales, suggesting operational or supplier agreement issues.

Valuation 84

Valuation Marketing Benchmarking CFO 84

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. The primary objectives of FP&A.

Financial Planning and Analysis (FP&A) 52

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

The Finance Weekly

JULY 14, 2024

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. It also differs from mid-range strategic planning processes.

Planning 52

Planning Leadership Budgeting Financial Analyst 52

VCFO

MARCH 17, 2023

A benchmark exercise can also provide insight here. — Are you a manufacturer that would benefit from better inventory management, a benchmark against your competitors, or a validation of current processes? Large companies will have historical information to look back on.

Manufacturing 70

Manufacturing Forecasting Benchmarking Profit and Loss 70

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

Fpanda Club

APRIL 18, 2022

SWOT SWOT stands for the analytical tool to uncover Strengths, Weaknesses, Opportunities and Threats and is frequently used in strategic planning exercises. Within the FP&A function SWOT analysis can be used, for example, in self-assessment purposes which can be done with the help of internal customers and benchmarks.

Financial Planning and Analysis (FP&A) 130

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

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 Concentration Benchmarking 52

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. Controllers: Companies don’t have access to historical data to benchmark their responses and performance against or help model future scenarios.

Financial Planning and Analysis (FP&A) 52

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

Spreadym

JUNE 8, 2023

They help organizations anticipate potential risks, identify opportunities, and make informed decisions about resource allocation and strategic planning. Validate and Refine: Validate the forecasted results by comparing them with industry benchmarks, market research, or other sources of information.

Forecasting 52

Forecasting Budgeting Planning Risk Management 52

Planful

SEPTEMBER 22, 2016

With annual budgets, there is often difficulty arriving at common semantics, and data can become siloed within operational, financial, and strategic plans. To create reliable budgets and plans, try implementing some of these best practices: Avoid spreadsheets as your primary budgeting tool. They’re disjointed.

Budgeting 40

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

VCFO

MARCH 30, 2023

A good place to start is benchmarking yourself against your competition. Anyone with thoughts of selling their business within five years would be wise to get to work now. Below, we explore several factors that contribute to business value and what can be done to move the needle in the desired direction.

Valuation 86

Valuation SAP Concentration Benchmarking 86

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

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

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.

Leadership 109

Leadership Investments Profit and Loss Technology 109

Global Finance

JULY 24, 2024

BNP continues to expand the custody franchise as part of the overall group’s 2025 strategic plan around growth, technology, and sustainability themes. With $14 trillion in assets under custody, BNP is the largest securities servicer in Europe and a top-five player globally through a proprietary network in 27 countries.

Banking 52

Banking Foreign Exchange Risk Management Leverage 52

Global Finance

JULY 24, 2024

BNP continues to expand the custody franchise as part of the overall group’s 2025 strategic plan around growth, technology, and sustainability themes. With $14 trillion in assets under custody, BNP is the largest securities servicer in Europe and a top-five player globally through a proprietary network in 27 countries.

Banking 52

Banking Foreign Exchange Risk Management Leverage 52

Barry Ritholtz

AUGUST 20, 2024

And the advice that he gave to David Einhorn about it that helped lead Einhorn to start really kicking the benchmark’s butt again for the past couple of years. We built a company that was focused on valuation, initially, actually targeting corporate strategic planning departments.

Concentration 67

Concentration Valuation Marketing Investments 67