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.

Financial Planning and Analysis (FP&A) 98

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

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. Create a Budget - Estimate costs for hiring, training, and licenses.

Financial Planning and Analysis (FP&A) 52

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

Centage

JANUARY 4, 2022

It’s that time of year again when many organizations are busy setting business objectives and planning budgets for the next fiscal year. Part of that effort requires a deep dive into the overall financial health of your organization. There’s no denying these factors play a major role in an organization’s overall long-term success.

Financial Reporting 94

Financial Reporting Budgeting Accounts Payable Benchmarking 94

Centage

MAY 23, 2022

They’ve also helped reveal the problems inherent in conventional budgeting methodologies. With rolling forecasts, businesses can gain better insight while aligning their sales and production goals with what’s actually happening from a financial perspective. What’s a Rolling Budget? Get Ahead of This Budget Season.

Forecasting 98

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

CFO Talks

NOVEMBER 25, 2024

As a CFO your influence extends beyond financial reports and budgets. Whistleblowing on Corruption Example: You uncover bribery within the sales team to secure contracts with key clients. Reporting the issue may disrupt operations and damage relationships with stakeholders.

Leadership 98

Leadership Auditing Profit and Loss Compliance 98

The Charity CFO

MAY 31, 2024

But what financial reports are most important to build that trust through transparency with your board of directors? Actual Report Fundraising and Development Report 1. For-profit businesses also call the statement of financial position a balance sheet, and many nonprofits do the same.

Nonprofit 52

Nonprofit Financial Reporting Budgeting CFO 52

The Finance Weekly

OCTOBER 29, 2024

Financial modeling can also help in performing sensitivity analysis, preparing budgets for capital expenditures, and evaluating the potential value of mergers or acquisitions. Forecasting - Estimating future financial outcomes based on historical data. Investment Evaluation - Assessing mergers, acquisitions, or new projects.

Financial Modeling 52

Financial Modeling Mergers and Acquisitions (M&A) Budgeting Forecasting 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

MARCH 4, 2025

Here are seven key financial strategies to help you stay in control and thrive no matter whats on the menu. Ditch Rigid Budgets Stay Flexible Instead Imagine planning a long road trip. You map out your route, pick your stops, and set a budget for fuel. Thats why businesses need rolling forecasts instead of rigid budgets.

Budgeting 52

Budgeting Forecasting Invoicing Sales 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. Charting and Graphing Tools Create interactive financial visuals to support decision-making.

Financial Planning and Analysis (FP&A) 52

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

CFO Simplified

FEBRUARY 17, 2022

Nobody likes creating a budget. But budgeting is vital because it’s the company’s plan for the coming year. If the proper analysis is done, then the budget becomes a tool to guide the company forward. Budgeting is a process that may result in multiple iterations before the resulting numbers are acceptable. Evaluation.

Budgeting 52

Budgeting Cash Flow Forecasting Profit and Loss CFO 52

Spreadym

AUGUST 17, 2023

A financial reporting dashboard is a visual representation of financial data and key performance indicators (KPIs) presented in a consolidated and easily digestible format. Decision Making : Financial reporting dashboards enable data-driven decision making by providing stakeholders with timely and accurate information.

Financial Reporting 52

Financial Reporting CFO Cash Flow Forecasting Budgeting 52

CFO Talks

NOVEMBER 27, 2024

For example, what happens if sales drop 10%, 20%, or 50%? If you’re uncertain about future sales, you could delay large investments until more information is available. Create a “priority budget” that focuses on essential spending. This insight helps you decide whether to adjust budgets or wait it out.

CFO 52

CFO Budgeting Forecasting Communication 52

Centage

OCTOBER 23, 2023

Your teams have spent months creating, adjusting, re-creating, and finalizing your budget for the next year. Sales teams have projected their volumes. You’re finally ready to bring your annual budget presentation to the board. Is the board going to care that you’ve allocated 20% of IT’s budget for training? Or are you?

Budgeting 52

Budgeting Forecasting Strategic Planning Planning 52

The Finance Weekly

OCTOBER 8, 2023

Budgeting software can greatly help by , automating financial tasks , making processes more efficient, and leading the business toward long-term success. Keep reading to find out the best budgeting software for small businesses. Why You Should Use Budgeting Software for Your Business?

Financial Planning and Analysis (FP&A) 52

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

The Finance Weekly

JULY 19, 2022

It’s the budgeting, financial forecasting, financial analysis, and decision-making that support an organization's health and strategy. Improving the company's budget and resource allocation. Analyzing the effects of past and future financial activities and behavior in order to evaluate risk. Risk Management.

Financial Planning and Analysis (FP&A) 96

Financial Planning and Analysis (FP&A) Forecasting Budgeting Planning 96

Future CFO

AUGUST 1, 2023

Supriya Deka: The general features of financial applications include accounting, reporting & analytics, bank reconciliation, billing & invoicing, asset management, budgeting & forecasting, financial risk management, expense tracking, and payroll management.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

CFO Share

NOVEMBER 21, 2023

In the world of business finance, the terms “Cost of Sales” (COS) and “Cost of Goods Sold” (COGS) are often confused. These aren’t just accounting terms; they are fundamental concepts that shape how you view your business’s financial health and make informed decisions. What is Cost of Sales?

Sales 52

Sales Cost Management Auditing Budgeting 52

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. For example, you may use spreadsheets to plan your fiscal year or maintain your client sales list.

Forecasting 98

Forecasting Budgeting Data Analysis Financial Modeling 98

The Charity CFO

MARCH 4, 2025

See the full video interview here: Stop Playing DefenseFundraising is About Revenue Growth Too many nonprofits think the key to financial survival is slashing expenses. And sure, being responsible with the budget matters. Book a FREE consultation here Do You Struggle to Make Sense of Your Financial Statements?

Nonprofit 52

Nonprofit CFO Budgeting Sales 52

Centage

SEPTEMBER 5, 2023

To determine profit margins, companies subtract the total cost of providing a product or service from the sales price paid for the item by customers. Gross Profit Margin: Your gross profit margin is the amount of your sales revenue minus the cost of your goods. The goal is to model different assumptions and track them over time.

Financial Planning and Analysis (FP&A) 98

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

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. Purchasing – validates accounts payable invoices.

General Ledger 105

General Ledger CFO Accounts Payable Financial Data 105

The Charity CFO

JANUARY 17, 2022

Your core financial reports, which we’ll look at below, exist to answer this one simple question– how much value has your organization created ? However, it can also be cash from sales of products, courses, or subscriptions. Sales of products or services. Nonprofit Accounting Basics: Financial Reports.

Nonprofit 98

Nonprofit Accounting Profit and Loss Accounts Payable 98

The Finance Weekly

OCTOBER 9, 2022

“When [finance and IT] work together to evaluate the business case for a new investment, it ensures the CFO and the rest of the finance can provide strategic advice and act as more than just the budget gatekeeper,” said Caci. Implementing , financial reporting software is one of the ways IT may support the development of finance.

Finance 98

Finance Budgeting CFO Forecasting 98

Centage

DECEMBER 21, 2022

As an organization, you can decide whether you want to hire more sales representatives, open a new regional office, or expand your product line. How sensitive is my plan to a specific variable, such as sales that are lower than expected, or if insurance rates go up? You decide whether to expand your sales staff or not.

Financial Planning and Analysis (FP&A) 98

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

Future CFO

AUGUST 7, 2024

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. Budgets encourage a ‘fixed mindset’ and caps under which we operate.

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

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

VCFO

NOVEMBER 1, 2023

A review of revenue will often involve examining sales performance. By nature, most salespeople will do exactly what they are incentivized to do (which is why a well-designed sales compensation plan is so important). Year-end sales or special offers to past customers for that product might do the trick.

Finance 88

Finance Strategic Planning Auditing CFO 88

The Finance Weekly

JUNE 22, 2022

With a recession looming, many Fractional CFOs (FCFOs) are worried that they will lose their customers due to budget cuts. They will be able to understand more about how growth and sales align with headcount and how to plan for the future accordingly. More Efficient Time Management. The second benefit is for the FCFOs themselves.

Financial Planning and Analysis (FP&A) 105

Financial Planning and Analysis (FP&A) Marketing CFO Startups 105

The Charity CFO

FEBRUARY 4, 2022

They organize the data and ensure accuracy so the accountant can create reliable and timely financial reports. Many nonprofits have earned revenue streams, like membership subscriptions, tuition fees, course enrollments, or sales at company stores. Prepare financial statements and reports . Bookkeepers do not….

Nonprofit 98

Nonprofit Invoicing General Ledger Accounting 98

CFO Share

SEPTEMBER 14, 2023

Navigating the complex, resource-draining process of a financial audit is the last thing any business owner needs on their plate. Throwing money away on Business Decisions Picture the frustration when discovering that skewed financial reporting has thrown off your entire operational budget.

CFO 90

CFO Auditing Invoicing Budgeting 90

Centage

SEPTEMBER 7, 2021

You’re reviewing the results with your sales team, and you find that one of the team members is 20% below their sales goal for the quarter – and you want to know why. Finance needs to support sales leaders (in this particular instance) by continuing to ask why until you find an area to adjust and help. Watch Demo.

Finance 52

Finance Data Analysis Forecasting Budgeting 52

The Finance Weekly

APRIL 13, 2024

This includes tracking past financial activities, ensuring compliance and reporting, as well as forecasting future financial scenarios for better budgeting. These tools offer capabilities ranging from spending tracking and improved budgeting to making informed investment choices.

Financial Planning and Analysis (FP&A) 52

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

Future CFO

DECEMBER 31, 2021

According to Gartner , finance leaders anticipate a greater percentage of their time will be spent in improving flexibility of budgeting & forecasting (58%), closely followed by developing digital skills (56%) and redefining employee value proposition in hybrid environments. What does this mean to the finance and accounting team of 2022?

Leadership 98

Leadership Finance GAAP Forecasting 98

The Finance Weekly

MARCH 25, 2024

Safra Ada Catz Safra Ada Catz, the business leader overseeing ,, Oracle Corporation , a major tech company, handles key aspects like sales, marketing, finance, and legal matters. They also pitch in on major financial moves like mergers and fundraising. Internal factors cover sales trends, labor costs, raw material prices, and more.

CFO 97

CFO Finance Forecasting GAAP 97