Centage

AUGUST 1, 2023

Getting ready for budget season is a big task. If you don’t handle it effectively, you can struggle through the process to create a workable budget. Budgeting probably won’t be fun. Leaders would most likely rank “budget season” far down on the list of favorite times of the year.

Budgeting 98

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

Centage

AUGUST 15, 2022

With that in mind, many businesses are turning to budgeting and planning drivers as a way of obtaining more accurate information. A newer approach to financial management, driver-based planning involves examining a company’s main business and value drivers with a goal of designing plans and budgets with them in mind.

Budgeting 105

Budgeting Planning Forecasting GAAP 105

Future CFO

OCTOBER 27, 2024

Now, finance leaders are expected to be able to identify and mitigate ESG-related risks, allocating resources towards sustainability initiatives and communicating the organisation’s ESG performance to stakeholders. He adds that connection with investors is necessary as they are now increasingly focused on sustainability.

CFO 98

CFO Communication Strategic Planning Economics 98

CFO News Room

NOVEMBER 16, 2022

When Fear And Anger Coalesce, Communication Often Becomes Argumentative. Based on your budget, we’re estimating that could save you an additional $500 a month. Author: Meghaan Lurtz, Ph.D., Team Kitces. Let’s set the stage. The markets are in turmoil. Inflation is high. Things are scary.

Communication 130

Communication Planning Construction Marketing 130

Centage

MAY 23, 2023

As we approach the halfway point of 2023, it’s a good time to take a close look at your budget and determine where you and your team are succeeding versus falling short. Keep reading to learn more about the importance of a mid-year budget review and discover our expert tips for financial success.

Budgeting 98

Budgeting Financial Planning and Analysis (FP&A) Forecasting Data Analysis 98

Navigator SAP

JULY 15, 2022

It requires budget and commitment from leadership, and change management from employees. Midsize businesses, which generally have lower budgets and fewer skilled IT resources, must consider several points before making a decision. When is the right time to consider an ERP solution? Things to Consider When Evaluating ERP Solutions 1.

Budgeting 216

Budgeting Leadership Communication Leverage 216

The Charity CFO

JANUARY 15, 2025

The Budget: A Source of Tension and Opportunity One of the primary sources of tension between finance and development is the budgeting process. Anderson and Morris agreed that the ideal scenario involves a collaborative approach, where key players from all departments contribute to the budget creation.

Nonprofit 52

Nonprofit Finance Budgeting Leadership 52

Lime Light

DECEMBER 10, 2024

In todays fast-paced business environment, CFOs and finance teams must go beyond crunching numbersthey need to communicate effectively, offer strategic insights, and deliver impactful presentations. ChatGPT-4 is a game-changing tool that enhances the efficiency and creativity of finance professionals.

Finance 98

Finance Communication Forecasting Budgeting 98

Centage

JULY 11, 2023

Budget season is just around the corner, and being prepared is integral. Planning 2024 budgets takes forethought and considerable prep work. CFOs drive the success of next year’s budgets with the prep work they do today. Here are 6 actions CFOs need to take to create valuable, accurate 2024 budgets. #1

Budgeting 98

Budgeting Forecasting Sales CFO 98

E78 Partners

JANUARY 28, 2025

Communicate Regularly: Maintain transparency about delays to preserve stakeholder trust and confidence. Optimize Budget Use: Conserve resources to extend support through prolonged timelines without exceeding budgets. Elevate Communication Competencies: Some companies have poor or immature communication processes.

Mergers and Acquisitions (M&A) 59

Mergers and Acquisitions (M&A) Prioritization Communication Leadership 59

Centage

JUNE 2, 2023

While all of this data helps manufacturing companies to be more efficient, when it comes it comes to creating a manufacturing budget , data is also just as critical. What is a Manufacturing Budget? A manufacturing budget centers around the expenses involved in the production of a given product.

Budgeting 85

Budgeting Manufacturing Forecasting Analyzing Data 85

CFO Talks

NOVEMBER 21, 2024

I believe in breaking challenges down into manageable tasks, which makes them less overwhelming and easier to address systematically. I also rely on open communication and collaboration, particularly when the challenge involves a team. This helps in developing a well-informed strategy to tackle the problem.

CFO 98

CFO Leadership Communication Problem Solving 98

E78 Partners

NOVEMBER 22, 2024

Effective technology expense management is essential for companies looking to optimize budgets and stay competitive in today’s fast-paced digital landscape. Businesses must manage their technology expenses effectively to optimize their budget and ensure efficient resource utilization.

Technology 59

Technology Budgeting Forecasting Investments 59

CFO Simplified

JANUARY 23, 2025

Banks may not fully understand how your specific business has been impacted by changes in the economy, or how it might be affected this year by changes like new tariff policies, so communication is key. Consider revisiting credit terms and maintaining open communication to ensure youre working with customers who can reliably pay.

Cash Flow Forecasting 52

Cash Flow Forecasting Communication Budgeting Forecasting 52

The Finance Weekly

SEPTEMBER 22, 2024

Every budgeting season brings a chance to push your business forward into the new year. With 2024 coming to a close and the 2025 budgeting season around the corner, the pressure is really on you and your finance team! Of course, there are plenty of challenges to juggle as you balance all your company's needs and goals.

Budgeting 69

Budgeting Forecasting Compliance Economics 69

The Charity CFO

AUGUST 21, 2024

Fundraising and accounting departments provide vital services to the organization, but when they fail to communicate, it can lead to financial errors. Bridging this communication gap can help your organization ensure every dollar raised is used effectively. For a nonprofit to thrive, these two departments have to work together.

Communication 52

Communication Accounting Nonprofit Budgeting 52

Future CFO

MARCH 3, 2025

Harding emphasises the importance of "the abilities to influence, the abilities to lead, the abilities to communicate and the ability to inspire." The ability to analyse data, identify insights, and communicate those insights effectively is highly valued.

Finance 69

Finance Communication Leadership Profit and Loss 69

Spreadym

NOVEMBER 8, 2023

Collaborative budgeting is an approach to financial planning and management that involves the active participation of multiple individuals or teams within an organization. It goes beyond the traditional top-down budgeting process, where senior management sets financial targets and allocates resources.

Budgeting 59

Budgeting Communication Strategic Planning Analyzing Data 59

E78 Partners

NOVEMBER 18, 2024

Budget Mismanagement: With a clear financial plan, interim leaders may be able to manage budgets effectively, resulting in overspending or resource misallocation. Increased Costs: The transition may incur additional costs related to recruitment, training, or consulting services that should have been accounted for in the initial budget.

Leadership 52

Leadership Budgeting Profit and Loss CFO 52

CFO Plans

OCTOBER 29, 2024

Strategic Budget Planning as a Success Blueprint The journey to financial stability begins with strategic budget planning. A well-structured budget serves as a roadmap, guiding businesses toward prudent financial decisions and sustainable growth. Learn How to Enhance Your Cash Flow with these proven strategies.

Accounts Payable 52

Accounts Payable CFO Budgeting Invoicing 52

CFO Talks

NOVEMBER 25, 2024

As a CFO your influence extends beyond financial reports and budgets. Communicate transparently about the rationale behind decisions, even if they are unpopular. Identifying and Overcoming Ethical Dilemmas in Business In the corporate world, numbers might drive decisions, but values define leadership.

Leadership 98

Leadership Auditing Profit and Loss Compliance 98

Nerd's Eye View

MARCH 6, 2025

In the 159th episode of Kitces & Carl , Michael Kitces and client communication expert Carl Richards discuss how to navigate the ethics and logistics of fee increases for a firm's first clients – especially when the advisor previously promised them their fees would stay the same.

Budgeting 72

Budgeting Communication Marketing Planning 72

CFO Talks

JANUARY 8, 2025

For instance, if one team member has mastered a new budgeting tool, they can lead a session to help others learn it too. Delegating significant responsibilities, such as leading a budget review or preparing a report for senior leadership, helps them build confidence and skills. Breaking out of this bubble is critical for growth.

Finance 52

Finance Budgeting Problem Solving Accounts Payable 52

VCFO

FEBRUARY 3, 2022

When I served as a panelist for the webinar, “Budgeting Basics: How to Build a Strong Budget,” we discussed a variety of topics, including how budgets affect profitability, when to start building next year’s budget, planning frameworks and the company stakeholders who need to be involved in the process. Takes less time.

Budgeting 68

Budgeting Leadership Communication Planning 68

Global Finance

DECEMBER 4, 2024

IRIS2, the European satellite communications program, is finally taking off. IRIS2 and its 290 satellites are much smaller than the 6,000 active Starlink satellites but the constellation is a strong communication tool. They initially budgeted more than €3 billion. What if their ground system suddenly failed?

Communication 52

Communication Budgeting Finance Securities 52

The Charity CFO

JANUARY 22, 2025

The truth is, many successful nonprofits empower leaders to manage their own department budgets. By decentralizing financial responsibility, nonprofits unlock powerful advantages including: Increased Transparency : Leaders who understand their budgets reduce the risk of financial mismanagement and foster trust within the organization.

Nonprofit 52

Nonprofit Leadership Accounting Budgeting 52

Global Finance

DECEMBER 4, 2024

IRIS2, the European satellite communications program, is finally taking off. IRIS2 and its 290 satellites are much smaller than the 6,000 active Starlink satellites but the constellation is a strong communication tool. They initially budgeted more than €3 billion. What if their ground system suddenly failed?

Communication 52

Communication Budgeting Finance Securities 52

Fpanda Club

SEPTEMBER 2, 2021

The list of typical FP&A activities usually includes planning, budgeting, forecasting, analysis, management reporting and performance management. Budgeting is a type of short-term planning whose goal is to transform strategic objectives into an operational plan by allocating available resources.

Financial Planning and Analysis (FP&A) 130

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

Spreadym

DECEMBER 1, 2023

The annual budgeting process refers to the series of steps an organization undertakes to plan, prepare, and allocate financial resources for the upcoming fiscal year. These goals will guide the budgeting process. These goals will guide the budgeting process.

Budgeting 59

Budgeting Prioritization Communication CFO 59

CFO Talks

MARCH 20, 2025

Talking Money Without Causing Panic Numbers tell the truth, but how you communicate with them determines how they are received. Tact: Managing Financial Realities Without Chaos Difficult financial conversations are inevitablewhether its tightening budgets, reporting a downturn, or defending investment decisions to the board.

Leadership 52

Leadership CFO Communication Numbers 52

CFO Talks

JANUARY 8, 2025

For instance, when inflation rises, some businesses instinctively slash budgets across the board. Cutting this budget may save money in the short term, but it risks creating a skills gap that hinders future growth. Transparent communication is the antidote. Take employee training as an example.

Economics 52

Economics Leadership Budgeting Communication 52

The Charity CFO

AUGUST 21, 2023

Nonprofit communications can be complicated, and sometimes awkward. The secret comes down to how well nonprofit leaders understand what donors are thinking and feeling and how charities communicate with them. That way, they can understand the budget and give the appropriate amount to keep things running successfully.

Nonprofit 52

Nonprofit Communication Education CFO 52

E78 Partners

NOVEMBER 7, 2024

This ensures their communication systems are optimized for performance and security. Benefits of Telecom Expense Management Managing telecom expenses is crucial for businesses aiming to minimize communication costs while ensuring effective service delivery.

Concentration 59

Concentration Vendor Management Communication Risk Management 59

The Finance Weekly

FEBRUARY 22, 2025

Workday Adaptive Planning aims to solve this problem by offering a cloud-based Financial Planning & Analysis (FP&A) solution with AI-powered forecasting, budgeting, and workforce planning tools. Budgeting & Forecasting - Automate budgeting processes and generate real-time financial forecasts based on live data.

Financial Planning and Analysis (FP&A) 52

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

CFO Talks

JANUARY 15, 2025

Aligning Budgets with Strategy As CFO, your expertise in financial planning is essential to align budgets with strategic priorities. Using tools like zero-based budgeting to ensure each expense is justified. Creating contingency budgets for unexpected challenges. Foster open communication to address challenges promptly.

Planning 52

Planning Budgeting CFO Communication 52

CFO Talks

NOVEMBER 27, 2024

Communicate Clearly and Honestly Uncertainty makes people nervous. Create a “priority budget” that focuses on essential spending. This insight helps you decide whether to adjust budgets or wait it out. If you’re uncertain about future sales, you could delay large investments until more information is available.

CFO 52

CFO Budgeting Forecasting Communication 52

Spreadym

SEPTEMBER 19, 2023

Budgeting and forecasting in business are both financial planning tools used by businesses, but they serve different purposes and have distinct characteristics. Here's an overview of the key differences between budgeting and forecasting. Forecast: Forecasts are not used for performance measurement in the same way as budgets.

Forecasting 59

Forecasting Budgeting Cash Flow Forecasting Benchmarking 59