How AI is raising the bar for CFO budget planning
CFO Dive
DECEMBER 12, 2023
AI can analyze vast amounts of financial data to predict trends, model budget scenarios, and deliver insights, writes Falconi’s Bernardo Miranda.
Why real-time financial data is the key to better budgeting and forecasting
Jedox Finance
JANUARY 23, 2025
Long budgeting cycles, errors, and delays in accessing accurate datawith traditional budgeting and forecasting, Finance professionals are unable to keep up with modern demands. Real-time financial data is your key to turning the tide and unlocking faster, smarter forecasting and budgeting.
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What Your Financial Statements Are Telling You—And How to Listen!
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How to Create Accurate Budgets for Business Units
CFO Talks
FEBRUARY 5, 2025
How to Create Accurate Budgets for Business Units Budgeting is one of the most important things a business can do to stay financially healthy. A good budget helps a company plan its spending, control costs, and make smart decisions. Each department or business unit within a company needs its own budget.
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52 Webinars
Book of Secrets on the Month-End Close
How To Break Digital Transformation Barriers And Accelerate AI Adoption
Forecasting Failures Are Costly: Heres How To Fix Them
Operational Strength Starts with People: The New Rules of Finance Leadership
What Your Financial Statements Are Telling You—And How to Listen!
Nonprofit Budgeting 101
The Charity CFO
FEBRUARY 20, 2025
Nonprofit budgeting may be a source of dread for many, but there are ways to make the process (and outcome!) A well-crafted budget is a reflection of your mission and a roadmap to financial sustainability. Start with Your Mission Your nonprofits budget exists to advance your mission. much better.
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Optimising Budgets: Strategies for Effective Financial Forecasting
CFO Talks
FEBRUARY 12, 2025
Optimising Budgets: Strategies for Effective Financial Forecasting Financial forecasting plays a crucial role in managing budgets effectively. It allows businesses and organisations to predict future income, expenses, and cash flow, ensuring that they remain financially stable and prepared for challenges.
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Today’s Business Budgeting; Can Your Spreadsheet Software Keep Up
Centage
SEPTEMBER 14, 2021
When it comes to business budgeting and planning, traditional spreadsheets are labor-intensive, prone to errors, and static, so it can be difficult to get a clear view on your current and future financial position. With the fast pace of business change, CFOs need accurate financial information to make informed decisions on the fly.
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Strategic Budgeting and Forecasting: Five Questions to Consider
Centage
JANUARY 18, 2022
While spreadsheets have long reigned supreme as the foundation of budgeting and forecasting for many organizations, the shortcomings of this legacy, siloed tool have become too hard to ignore. Do we have the data we need readily available? Accuracy is the critical to the budgeting and forecasting process.
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Budget vs Actuals: The Key to Measuring Business Performance
Centage
SEPTEMBER 11, 2023
Staying on top of your financial performance is vital for running your business. Unfortunately, creating a perfect budget doesn’t mean that you’ll follow it. Budget vs actuals analysis is one of the most effective ways to maintain a clear picture of your company’s performance. Gather the Data. Monitor and Repeat.
Why Excel Spreadsheets Are Not Meant for Business Budgeting
Centage
JULY 25, 2023
Though some businesses rely on Excel for budgeting and financial management needs, the software has some notable disadvantages that may make it a less-than-optimal solution for your business. To maintain multiple spreadsheets, you will be required to perform manual data entry.
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How to Implement an ERP Solution at Your Startup
Navigator SAP
MARCH 4, 2022
Next, budget usually plays a critical role in the selection of a system. Some businesses only need operational support that streamlines financial data and processes. Manufacturers, however, likely need a system that can help coordinate and allocate resources for tracking materials, orders, and production.
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2023 and Beyond: Budgeting & Planning with QuickBooks Online Advanced to Manage Through Constant Change
Centage
DECEMBER 7, 2022
the maker of QuickBooks Online Advanced, to bring automated budgeting, forecasting, reporting and analytics capabilities to QuickBooks Online Advanced customers and mid-market organizations looking for more robust and streamlined budgeting capabilities. Real-time reporting – specifically around variance reporting, and alerting.
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10 Best Practices for FP&A
The Finance Weekly
FEBRUARY 23, 2025
Strong FP&A practices help finance teams improve data accuracy , use technology effectively, and make well-informed financial decisions. This leads to better budgeting, more reliable forecasting, and stronger financial stability. Improve steps by doing this: Monitor real-time financial performance to stay on track.
Navigating the 2024 Budgeting Season
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.
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2023 Financial Planning: The Importance of the Budget vs. Actual Statement During Times of Change
Centage
JANUARY 17, 2023
As part of this process, the office of finance and department heads spend an immense amount of time creating, reviewing and approving the business’s budget for the fiscal year ahead – but it’s important that financial management doesn’t stop there. Budget vs Actual Statement – What It Is and What It Isn’t.
The Power of Listening in Effective Negotiation
CFO Talks
NOVEMBER 7, 2024
In a role filled with financial data, strategic meetings, and high-stakes decisions, active listening can drive better outcomes and turn tough conversations into collaborative wins. Examples from the CFO World Dealing with Teams CFOs frequently negotiate with internal teams over budgets, resources, and targets.
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How to Prepare Your Finance Team for Growth
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. Constructive feedback is equally important.
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Collaborative Budgeting Process
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.
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Financial Reports That Don’t Age Like Milk: The Power of Real-Time Data
CFO Talks
MARCH 13, 2025
Now, picture the opposite: instant access to real-time financial insights, automated compliance checks, and AI-driven forecasts guiding your next move. This is the power of Financial Information Systems (FIS). Often, finance teams work separately from sales, operations, and HR, leading to inconsistent financial data.
Maximize Growth and Profitability Through Strategic Budget Planning
E78 Partners
SEPTEMBER 9, 2024
Under these pressures, one aspect often underestimated is the power of strategic budget planning. It’s not just about managing numbers—it’s about aligning financial strategies with business goals to unlock value at every stage of the investment cycle.
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Prophix Reviews
The Finance Weekly
FEBRUARY 26, 2025
Prophix aims to address these challenges by offering advanced, cloud-native financial planning solutions. Prophix is an enterprise financial management software designed to streamline budgeting, planning, reporting, and analysis. Self-service Reporting Empower stakeholders with easy access to real-time financial data.
Finance AI Chatbots for Businesses
The Finance Weekly
JANUARY 5, 2025
Assisting Financial Planning Finance AI chatbots are excellent tools for budgeting and financial planning. They analyze spending habits and recommend adjustments to help individuals or businesses achieve their financial goals. Real-time data consolidation and anomaly detection. Best Finance AI Chatbots 1.
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Corporate Budgeting: Traditional vs Beyond Budgeting
Jedox Finance
MARCH 16, 2022
When choosing the right budgeting method for your business, the management style and corporate structure of an organization have a significant influence on the design and implementation of corporate budgeting processes. What is Corporate Budgeting? Corporate Budgeting in need of Agility and Flexibility. Table of Contents.
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Annual Budgeting Process: look at 2024
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.
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Workday Adaptive Planning Reviews
The Finance Weekly
FEBRUARY 22, 2025
Did you know that 47% of businesses still rely on spreadsheets for financial planning, despite the risks of errors and inefficiencies? 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.
All About Variance Reporting for Corporate Budgeting
Spreadym
OCTOBER 10, 2023
Variance reporting is a financial and management accounting process used to analyze the differences between budgeted or expected figures and actual performance results. Key aspects of variance reporting include: Budget or Target Figures: This is the baseline against which actual performance is compared.
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Spring cleaning your financial data: where to begin
Cube Software
MAY 20, 2024
Why spring cleaning is essential to finance Spring cleaning your financial data is more than a routine check—it's a critical practice that ensures healthy, efficient finance operations.
The CFPB Takes A Closer Look A Consumer Choices In Financial Data Sharing
PYMNTS
NOVEMBER 17, 2016
The CFPB notes that these financial records are often key to emerging services aimed at making it easier, cheaper, or more efficient for consumers to manage their financial lives. The services range from tax help to budgeting advice. The CFPB has concerns that information and control are not uniformly provided across the market.
Accounting as a Shared Responsibility? Why the Most Effective Nonprofits Share Financial Management Across Leadership Teams
The Charity CFO
JANUARY 22, 2025
But what if the key to financial clarity and stability lies in sharing the load? The truth is, many successful nonprofits empower leaders to manage their own department budgets. In this article, well explore why financial management is a shared responsibility and how nonprofits can use this strategy to drive their missions forward.
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Budget Preparation Process: Full Step Guide
Spreadym
SEPTEMBER 12, 2023
Budget preparation is the process of creating a detailed financial plan that outlines an organization's expected income and expenses for a specific period, typically for a fiscal year. Here are the key steps involved in budget preparation: Define Objectives and Goals : Begin by establishing clear financial objectives and goals.
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Maximize Growth and Profitability Through Strategic Budget Planning
E78 Partners
SEPTEMBER 9, 2024
Download our free budget planning checklist For private equity firms, success isn’t just about acquiring companies; it’s about transforming them. Under these pressures, one aspect often underestimated is the power of strategic budget planning.
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From Spreadsheets to Strategic Insights: How to Transform Financial Reporting With Power BI
Collectiv
JANUARY 24, 2025
For example, automate a variance analysis report or create a simple budget forecasting dashboard to save time and improve accuracy. Centralize Financial Data Data silos are the enemy of efficiency. This is particularly valuable for creating unified plans and reports based on consistent data.
Differences Between Budgeting and Forecasting in Business
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. They are meant to provide a current and dynamic view of expected financial performance.
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Clarity in Chaos: Decision-Making Strategies for Uncertain Times
CFO Talks
NOVEMBER 27, 2024
Review existing data: Look at your company’s historical trends, current financial data, and market research. Even if the data isn’t perfect, it can give you a starting point. Use visuals, like charts or dashboards, to explain financial data. Create a “priority budget” that focuses on essential spending.
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Is Your Nonprofit Ready for Increased Funding Scrutiny? Here’s How to Prepare
The Charity CFO
MARCH 13, 2025
Master Your Budgeting Process Know exactly what your grants and funding coverand what they dont. Maintain strict budget oversight and ensure spending aligns with your organizations mission and restrictions. Do You Struggle to Make Sense of Your Financial Statements? Download it for later.
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The Best Practices to Create Operating Budget
Spreadym
AUGUST 8, 2023
An operating budget is a financial plan that outlines the projected revenues and expenses of an organization or business for a specific period, typically a fiscal year. It serves as a detailed guide for managing day-to-day operations, allocating resources, and achieving financial goals.
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Here’s a Quick Way to Create a Small Business Budget
KG Virtual CFO
OCTOBER 8, 2020
A budget provides the financial data that support your company’s vision, mission, and goals. It outlines key information on both the current state of your finances (including income and expenses) and your long-term financial goals. Don’t forget to factor those expenses into your budget as well.
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How to Adjust Your Business Budget When Life Happens
KG Virtual CFO
OCTOBER 12, 2020
Your business budget puts you in control of your company. It helps you avoid overspending and track financial goals. But with the coronavirus in full swing, you may have had to throw your business budget out the window to stay afloat. Maybe you had no choice but to temporarily close your business due to new regulations.
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How to Create a Nonprofit Operating Budget
The Charity CFO
JUNE 26, 2023
Whether you’re a new organization or an established one working to get its finances under better control, there are few more important things to get right than your nonprofit operating budget. Nonprofit operating budgets differ from regular for-profit business budgets in key ways.
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Get to Know Centage’s Brand-New Premium App for QuickBooks Online Advanced
Centage
MAY 3, 2022
the maker of QuickBooks Online Advanced, to bring automated budgeting, forecasting, reporting and analytics capabilities to QuickBooks Online Advanced customers and mid-market organizations looking for cloud-based FP&A solutions.
Budget vs. actual variance reporting: What you’re looking for
Centage
NOVEMBER 1, 2023
Financial planning is a crucial part of sustaining and growing your business. The office of finance, department heads, and C-suite executives spend much of their time making, checking, and approving the yearly budget. And financial management doesn’t stop once the annual budget is approved.
Top trends in budgeting, planning and forecasting
Future CFO
AUGUST 23, 2019
The days of manual, spreadsheet-based budgeting, planning and forecasting processes are numbered.
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How Excel Spreadsheets Can Create a Data Security Risk for Businesses
Centage
SEPTEMBER 6, 2022
As a business owner or chief financial officer (CFO), spreadsheets may be an important part of your financial forecasting, planning, and budgeting processes. Unfortunately, Excel has very defined limits that can make it challenging for businesses to publish their financial reports more quickly and efficiently.
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Sales Performance Management: Connecting the dots to xP&A
Jedox Finance
SEPTEMBER 29, 2021
Therefore, an SPM solution should follow the different activities of sales operations: Budget & Target Setting is the starting point where the organization aligns between the revenue goals and go-to-market plans. This term, set by Gartner, overlooks financial and non-financial business processes, data, and technology tools.
Planning, Budgeting, and Forecasting: Can they be Used Interchangeably?
The Finance Weekly
MAY 25, 2022
Planning, Budgeting, Forecasting. A company’s plan, budget, and forecast are usually talked about all together, whether it be in the boardroom, in a company goal-setting sheet, or in general talk about FP&A. Finance leaders and executives build teams and make decisions based on the financial data and the goals that result from it.
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