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

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.

Financial Reporting 52

Financial Reporting IFRS Compliance Problem Solving 52

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.

Financial Planning and Analysis (FP&A) 52

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

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. For example, what happens if sales drop 10%, 20%, or 50%? Use visuals, like charts or dashboards, to explain financial data.

CFO 52

CFO Budgeting Forecasting Communication 52

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.

Financial Planning and Analysis (FP&A) 52

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

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

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.

Budgeting 59

Budgeting Sales Financial Data Manufacturing 59

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.

Budgeting 59

Budgeting Planning Financial Modeling Forecasting 59

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.

Budgeting 59

Budgeting Strategic Planning Forecasting Economics 59

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.

Budgeting 52

Budgeting Planning Financial Modeling Forecasting 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. They are meant to provide a current and dynamic view of expected financial performance.

Forecasting 59

Forecasting Budgeting Cash Flow Forecasting Benchmarking 59

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. Your sales figures are a great place to start.

Budgeting 52

Budgeting Financial Data Sales Planning 52

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.

Financial Planning and Analysis (FP&A) 52

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

CFO Share

JUNE 18, 2024

Avoid Overloading Your Accounting Software Many bookkeepers think accounting software should be the ultimate source of truth for all data – bills, payroll, inventory, sales transactions, etc. This approach can lead to sync errors, confusion, and mistrust in your financial records. Operations – validates inventory records.

General Ledger 105

General Ledger CFO Accounts Payable Financial Data 105

https://trustedcfosolutions.com/feed/

APRIL 14, 2022

The ability to filter your data by franchise, source, and meal type will allow you to stay on top of prime costs so you can maximize profits. You can create custom filters to get granular data into your COGS. These filters will give you insight into how each food and beverage category is behaving compared to budget or a prior period.

Accounting 117

Accounting General Ledger Accounts Payable Budgeting 117

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.

Budgeting 52

Budgeting Prioritization Profit and Loss Construction 52

Centage

OCTOBER 17, 2022

If you want to forecast your financial future, start by looking back at past performance. At minimum, companies should examine three years of data with a focus on sales, costs related to sales, historical depreciation, and taxes, among other factors. Financial planning comes with numerous challenges.

Strategic Planning 98

Strategic Planning Planning Cash Flow Forecasting Forecasting 98

Future CFO

NOVEMBER 17, 2022

This comes despite findings that suggest that visibility over cash flow and other financial metrics could be the key to businesses weathering the growing global economic storm, the firm added. According to survey results, C-suite and finance and accounting respondents see that the three biggest challenges facing them in the coming year are:

Finance 96

Finance Financial Data Economics Budgeting 96

Navigator SAP

FEBRUARY 17, 2022

Adding ERP in finance departments is very popular for good reason, as the system consolidates financial data automatically and generates reports quickly and simply, regardless of file type and without any need to crosscheck and rekey data.

SAP 130

SAP Invoicing Manufacturing Compliance 130

Spreadym

MAY 26, 2023

Budgeting software is an application designed to assist businesses in creating, managing, and tracking their budgets. It helps automate and streamline the budgeting process by providing tools and features to input financial data, allocate funds to different categories, monitor expenses, and generate reports.

Budgeting 52

Budgeting Forecasting Financial Modeling SAP 52

Centage

SEPTEMBER 13, 2022

What Is Financial Forecasting? Financial forecasting identifies trends in external and internal historical data — such as employee hours, expenses, and sales — then projects these trends to provide valuable information to decision-makers. Companies typically create a budget before a forecast.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Planning Forecasting Profit and Loss 98

Spreadym

JUNE 8, 2023

Planning, budgeting and forecasting for a business are three distinct financial management tools used in business, each serving a different purpose. Key differences between planning, budgeting and forecasting for a business Here are key difference between planning, budgeting and forecasting for a business.

Forecasting 52

Forecasting Budgeting Planning Risk Management 52

Centage

NOVEMBER 21, 2022

We focus on business automation within the Finance, HR, Marketing & Sales, and IT departments in a company. We all know that most finance and accounting departments are working weekends during the Budgeting, Planning & Forecasting cycles. What is your primary focus/specialty, and why? Who are some of your notable clients?

Problem Solving 98

Problem Solving Budgeting Pharmaceutical Forecasting 98

Jedox Finance

JANUARY 12, 2022

Corporate financial planning is a foundational portion of corporate planning and an important business management tool. It forms the basis for future financial decisions. In the corporate financial planning process, all financial data of a company is recorded and evaluated. Sales planning.

Planning 138

Planning Profit and Loss Sales Investments 138

Jedox Finance

JANUARY 23, 2020

With that approach, department managers such as sales, HR, and operations had to create their own subset or personal interpretation of the financial plan. Collection of organization-wide financial and non-financial data. We can look at this as a process: . Analysis and calculation of major KPIs.

Financial Planning and Analysis (FP&A) 88

Financial Planning and Analysis (FP&A) Budgeting Data Analysis Forecasting 88

Centage

OCTOBER 3, 2022

This accessible program can accomplish various tasks, such as financial forecasting and budgeting. If your business has used Excel for financial forecasting, you may have found some challenges with the program. With these spreadsheets, you can store, organize and analyze valuable data.

Forecasting 98

Forecasting Budgeting Data Analysis Financial Modeling 98

Future CFO

AUGUST 1, 2023

The rise in digital transformation (DX) initiatives and the adoption of mobile technologies have also contributed to the demand for cloud-based financial applications in Asia/Pacific. Companies are increasingly seeking secure and compliant solutions to manage their financial data.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

Centage

DECEMBER 15, 2022

That means a company’s functional heads – VP of Sales, Customer Care, Operations – also need the ability to run reports that monitor how their departments are performing. But before anyone can examine the data, finance teams must close their books each month. Enter Modern Financial Reporting.

Financial Reporting 98

Financial Reporting Financial Planning and Analysis (FP&A) Profit and Loss Forecasting 98

Jedox Finance

APRIL 8, 2021

As a basic example – In order to get basic information about our revenues – we can get an aggregated data from our ERP System. we may need to integrate the financial data with data from the CRM. Analyze: Using information and knowledge from the data the organization collected over time. an approved budget).

Data Analysis 89

Data Analysis Forecasting Analyzing Data Budgeting 89

The Charity CFO

FEBRUARY 4, 2022

A bookkeeper records and organizes financial data; an accountant interprets and presents that data. . The nonprofit bookkeeper is the front line in the battle for the accurate financial data you need to run your business, so let’s review the core responsibilities of a nonprofit bookkeeper. .

Nonprofit 98

Nonprofit Invoicing General Ledger Accounting 98

Future CFO

AUGUST 7, 2024

"There is a clear distinction between data analysis for analysis sake (e.g. sales of suntan lotion have increased 10% and gross profit percentage dropped 1%'), and data analysis that addresses commercial questions (e.g. As opposed budgeting, I prefer to set ‘targets’', says Ho.

Data Analysis 98

Data Analysis CFO Budgeting Performance Measuring 98

Centage

JANUARY 3, 2024

As we ring in a new year and brace for all of the opportunities and challenges it will bring, one resolution should be near the top of the list for finance professionals: embracing flexible financial forecasting to future-proof your annual budget. Financial forecasting gives businesses the agility to adapt to changing conditions.

Forecasting 40

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

PYMNTS

FEBRUARY 23, 2020

Credit Karma was valued at $4 billion in a private share sale around two years ago. Credit Karma offers a number of services including free access to one’s credit score and borrowing history, alerts to potential data breaches, and tax preparation and filing. Intuit is valued at around $77 billion.

Budgeting 72

Budgeting Finance Financial Data Sales 72

Future CFO

SEPTEMBER 26, 2024

This is in the aim of producing timely financial data and other outputs, such as visualisations. Interpersonal skills are also important, as analysts and modelers can be tasked with communicating complex financial data to colleagues in other functions or locations, or with quickly educating senior leaders.

Forecasting 52

Forecasting Planning Budgeting Financial Data 52

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. Identifying Variances: The next step is to compare the actual performance data with the budgeted figures.

Budgeting 52

Budgeting Benchmarking Forecasting Strategic Planning 52

The CFO College

AUGUST 31, 2021

Help your startup clients stay cash flow positive with good budgeting and planning services. Tracking Financial Data -- Reporting, recording, and storing all financial data for a startup can be overwhelming, if not a total mess. Managing Taxes and Sales Tax -- Almost every business must file and pay taxes.

Startups 81

Startups Accounting General Ledger Forecasting 81

Centage

JUNE 28, 2023

When it comes to automation, what’s particularly beneficial is the way technology can automate how financial data flows through models and forecasts, freeing financial teams from the manual labor of attempting to create forecasts via spreadsheets.

Forecasting 98

Forecasting Financial Planning and Analysis (FP&A) Cash Flow Forecasting Finance 98