CFO Thought Leader

OCTOBER 15, 2024

Revvity CFO Max Krakowiak emphasizes three core areas of focus at Revvity: improving budgeting processes, optimizing working capital performance, and increasing internal investment. Recognizing the inefficiencies of static budgeting, he aimed to create flexibility for unexpected needs throughout the year.

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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. This is where scenario and sensitivity analyses come into play.

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Lime Light

OCTOBER 1, 2024

Discover the top 10 financial planning and budgeting software in 2024 to improve efficiency, streamline processes, and make smarter financial decisions.

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The Finance Weekly

NOVEMBER 17, 2024

Budgeting is a fundamental aspect of financial planning, and one approach that often comes up in discussions is incremental budgeting. What is Incremental Budgeting? Incremental budgeting is a budgeting approach where the starting point for a new budget is the previous one.

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Centage

AUGUST 15, 2022

In the current economic climate, proper financial planning and management are more essential than ever before. With that in mind, many businesses are turning to budgeting and planning drivers as a way of obtaining more accurate information. Managers can then run scenarios with the drivers to improve long-term strategic planning.

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Centage

AUGUST 8, 2023

When an organization first sets up its budget, an easily accessible tool like Excel can be the perfect solution. But as a business grows and financials become more complex, an Excel or spreadsheet-based budget may be holding it back. Plus, more team members will need to have input into the numbers that make up a company’s budget.

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Centage

OCTOBER 9, 2023

Most companies don’t plan to stay the same or do the same thing forever. Planning is the first step towards achieving growth for any organization, and budgeting is the ongoing process to manage this growth. Planning and budgeting alignment ensures you have what you need to wisely allocate funds for growth.

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Centage

OCTOBER 23, 2023

The traditional budgeting and forecasting planning processes can be long and painful. Any number of issues can arise that render forecasts or the line items on an annual budget quickly outdated. It’s because of these challenges that many organizations have moved to driver-based budgeting and planning.

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CFO News Room

FEBRUARY 5, 2022

lakh crore, against the Budget estimate of Rs 12.05 Also Read| Budget 2022: FM proposes to permit taxpayers to file updated ITR on payment of additional tax. The Budget has projected a fiscal deficit of 6.4% The market was expecting net borrowing to be in the range of Rs 12.50 lakh crore to Rs 13 lakh crore. lakh crore.

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Cube Software

AUGUST 21, 2023

Benefits of early budget preparation Early budget preparation plays a big role in your level of success (and sanity) during budget season.

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Jedox Finance

NOVEMBER 21, 2024

In financial planning and analysis (FP&A), budgeting is crucial in supporting strategic decisions and propelling a company toward its financial objectives. Yet, when the budgeting process is outdated or inefficient, it can choke growth, create operational hurdles, and lead to missed opportunities.

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CFO Dive

JANUARY 17, 2023

Concern about higher wages and a skilled labor shortage are foremost in CFOs minds as they grapple with continued economic headwinds.

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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. Key Priorities & Requirements for Finance in 2023. Seamless Integration.

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Jedox Finance

NOVEMBER 8, 2024

Change is nearly constant in today's financial landscape, and traditional budgeting methods often fail to meet the evolving needs of modern organizations. This article will explore the limitations of conventional budgeting practices and examine how modern financial planning and analysis (FP&A) tools are transforming the budgeting process.

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Fpanda Club

FEBRUARY 21, 2023

Budgeting is a type of short-term planning the goal of which is to transform strategic objectives into operational plan by allocating available resources. Though one is a natural phenomenon and the other is a business process, budgets and hurricanes have more in common than it may be noticed at first sight. Coincidence?

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Centage

JANUARY 17, 2023

Between a volatile stock market, high interest rates, supply chain issues, inflation, and a possible recession, having a solid financial planning process in place is an important piece of sustaining your business through challenging times. Budget vs Actual Statement – What It Is and What It Isn’t.

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E78 Partners

OCTOBER 12, 2023

Recently, we hosted an insightful webinar on strategic annual budgeting, where we discussed the importance of starting the budgeting process with a high-level offsite meeting to reassess long-term strategic and financial goals. If you missed the chance to join us, below is a recording of the webinar.

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Centage

AUGUST 16, 2023

Finding a tool for automating budgeting helps companies maintain and grow their business in numerous ways. A solution that provides automated budgets can easily wrangle this data into absorbable metrics that tell a story. Automating budgeting cuts out literally hours of work. Less time inputting information.

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Budgeting Forecasting Strategic Planning Planning 98

Bank of the West

OCTOBER 24, 2024

As holiday shopping kicks off, the latest BMO Real Financial Progress Index reveals 72 percent of Americans plan to scale back on holiday gift purchases this year, amid growing concern… Read more The post U.S. consumers plan to spend less this holiday season.

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CFO Dive

APRIL 25, 2024

Plans for slower gains to salaries align with Thursday data showing that economic growth slowed to just 1.6% last quarter, far less than expected.

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CFO News Room

FEBRUARY 5, 2022

The equity market witnessed some wild swings on the Budget Day, with the Sensex rebounding after losing more-than 2% from the day’s high. But unlike other Budget Days, benchmarks ended the day in the green, as investors cheered a growth-oriented Budget. By Yoosef Kp & Ruchit Purohit. After surging as much as 1,018.03

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Budgeting Marketing Benchmarking Manufacturing 130

Cube Software

OCTOBER 23, 2023

Understanding flexible budgeting Flexible budgeting stands as a dynamic financial strategy, essential for businesses that understand the unpredictability of the market. Unlike its static counterpart, a flexible budget doesn't remain rigid throughout the fiscal year.

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Future CFO

AUGUST 17, 2023

When it comes to planning and budgeting, Forrester advised that more realistic budget expectations will serve leaders well as they enter 2024 though now is not the time to hunker down, as stakeholder expectations for growth remain steadfast. The post Planning and budgeting: What areas will you increase investment in 2024?

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Budgeting Investments Planning B2B 52

Centage

AUGUST 22, 2023

In a perfect world, budgets would always line up perfectly with actual spending. Even the most strategically-crafted budgets can take hits from unforeseen circumstances. Expecting that something unexpected will occur throughout the year weakens the argument for creating a traditional budget. What Is a Driver-Based Budget?

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Budgeting Planning Forecasting Finance 98

CFO News Room

FEBRUARY 4, 2022

The importance of making a budget is a financial lesson that cannot be overemphasized. If you and your family want financial security, following a budget is the only answer. Below are six good reasons why everyone should create and stick to a budget. A budget helps you figure out your long-term goals and work toward them.

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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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Budgeting Forecasting Compliance Economics 52

CFO News Room

FEBRUARY 5, 2022

The Union Budget for 2022-23 made a string of other announcements on digital payments, including a plan to offer netbanking to depositors with India Post and another to set up 75 digital banking units across as many districts. Depending on which is ready first, the central bank plans to release digital currencies for a pilot.

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https://trustedcfosolutions.com/feed/

SEPTEMBER 26, 2022

This year is coming to a close, and for many of us, that means it’s budgeting season. If you dread this time of year and the pressures of budget changes and new demands, you are not alone. Without a solid foundation to build your 2023 budget, you risk missing opportunities and losing revenue.

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Budgeting Planning Forecasting Strategic Planning 57

Lime Light

MAY 22, 2023

NetSuite Planning and Budgeting Made Better with the Right FP&A Integration Companies using ERP software experienced an 11% reduction in operational costs on average. If you’re currently using Oracle NetSuite, you’ve no doubt seen a wide variety of improvements across your organization.

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Cube Software

SEPTEMBER 11, 2023

The role of budget owners Budget owners are the creators and enforcers of fund allocation for their departments. They determine the priority of different expenses, ensure each transaction made fits the budget, and guarantee regulatory compliance.

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Budgeting Planning Compliance Forecasting 52

Spreadym

MARCH 9, 2023

Microsoft Excel is a widely used tool for budgeting and corporate planning, but it has several limitations and potential issues when used for these purposes. This can lead to inconsistencies and inaccuracies in the data, which can negatively impact the accuracy of your budgeting and planning.

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CFO News

FEBRUARY 4, 2024

Finance expert Robin Banerjee evaluates the Union Budget 2024, emphasizing long-term planning, infrastructure focus, fiscal responsibility, and sector-specific strategies. While praising positive moves, he points out areas that need more attention for a comprehensive economic uplift.

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Future CFO

JUNE 15, 2022

To grow the business quickly and sustainably requires its leaders to underpin ambitions with solid processes and systems for planning, budgeting and forecasting (PB&F). The post Ten questions on planning, budgeting and forecasting appeared first on FutureCFO. How to use predictive analytics and multiple ‘What if?’

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Centage

SEPTEMBER 11, 2023

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. Budget vs actuals analysis allows you to assess how well your organization is following its financial plans. Gather the Data.

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The Charity CFO

FEBRUARY 27, 2024

Budget tracking is the process of monitoring your nonprofit’s income and expenses to ensure they stay within your planned budget. Effective budget tracking is essential to financial transparency, efficient resource allocation, and strategic planning for your nonprofit.

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Centage

JULY 19, 2023

“Is it in the budget?” That’s because budgets are the foundational backbone of every company. However, many push back against upgrading their budgeting and forecasting systems. However, many push back against upgrading their budgeting and forecasting systems. They can make it difficult to: Adjust plans.

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