Companies boosting tech budgets despite recession risk
CFO Dive
AUGUST 19, 2022
companies are expanding their technology budgets to drive growth, PwC found in a survey. Despite the prospect of recession, more than half of U.S.
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CFO Dive
AUGUST 19, 2022
companies are expanding their technology budgets to drive growth, PwC found in a survey. Despite the prospect of recession, more than half of U.S.
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 develop a strategic approach that addresses common obstacles and ensures that technology investments align with their operational goals to avoid these issues.
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While AI investments are surging, many companies are failing to invest in infrastructure necessary to optimize the technology, the research found.
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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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Digital transformation is another responsibility that has shifted over to CFOs, with 61% now in charge of technology budgeting, spend and approval, a recent study found.
E78 Partners
DECEMBER 5, 2024
While we can all agree that AI’s impact on IT is significant and will continue to grow, are organizations prepared to manage the growing costs on their IT budgets? Estimates suggest that AI projects could take up to 10% of IT budgets yearly, and this figure is likely to increase. Data Pipes.”
CFO Dive
JANUARY 27, 2023
CFOs are overhauling their technology budgets as inflation, slumping economic growth and other external forces jeopardize their earnings targets.
CFO News Room
FEBRUARY 3, 2022
The Indian technology sector saw several major announcements in the Union Budget 2022, with a few misses in the startup segment. Budget 2022’s announcements on manufacturing, sustainability, electronics, digital currency, innovation and startups with technology as the cornerstone are expected to give a fillip to the tech industry.
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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. The government also intends to tax transfer of ‘digital assets’, widely interpreted as cryptocurrencies, at 30%.
CFO Plans
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Economic uncertainties and rapid technological shifts make it essential to have a crystal-clear picture of your revenue pipeline. This clarity not only informs your budget but also drives strategic decision-making across your entire organization. How will you build your budget?
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FEBRUARY 6, 2022
While the sizeable increase in infra spend and sectoral initiatives in Union Budget augur well, there is need for policy reforms that help create a robust private investment ecosystem. Both of these would be addressed through the Gati Shakti initiative which is one of the cornerstones of Budget 2022-23.
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FEBRUARY 4, 2022
How the Budget platform was used for setting a roadmap for the next 25 years is indeed commendable, with something for everyone and a special focus on new-age industries like start-ups, infrastructure, blended fuel, electrical vehicles, digital currencies, blockchain technologies and renewable energy.
CFO Dive
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In a survey commissioned by software provider OneStream, budget constraints surpassed employee skill gaps and return on investment issues as obstacles to new technology investments.
E78 Partners
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Resilience, inclusive growth, and technology-enabled development – the Budget 2022 by finance minister Nirmala Sitharaman aims to create an enabling framework to achieve these three benchmarks. Also Read | Union Budget 2022 focuses on long-term economic growth; watch out for these sector stocks for strong gains. By Vidit Aatrey.
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Undoubtedly, government support, a conducive policy framework, and budgetary incentives linked to investments in agriculture are key to reinvigorating the sector and making Indian agriculture globally competitive, especially with the emphasis on agri-technologies and digital transformation.
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NOVEMBER 13, 2022
But more importantly, marketers know from experience that when the economy turns, their budget is an easy target. During the pandemic, we saw numerous productive marketing advances, many of which were long overdue — from more agile budget allocation to accelerated digital transformation connecting marketing and e-commerce.
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. Accuracy is the critical to the budgeting and forecasting process. How valuable is my budget for managing the business next year?
CFO Dive
MARCH 19, 2025
More CFOs describe tech spending as “excessive” than CIOs, one sign of friction between technology and finance leaders.
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.
CFO Dive
AUGUST 1, 2022
As companies continue to face challenges in mobile communications — from both an administrative and budget perspective — better solutions are sorely needed.
Centage
AUGUST 29, 2023
Budget season is one of the most important times for financial teams, as it sets the tone for how well the company will grow. However, teams shouldn’t only focus on business budgeting for a month or a year. Let’s discuss those along with what you need to create a powerfully-built budget.
Future CFO
SEPTEMBER 9, 2022
Technology adoption in FP&A is set to accelerate, driven by macroeconomic uncertainty and ongoing disruptions, said Gartner recently. Six core recommendations Gartner has the following six core recommendations for finance functions to make the best of technology adoption in FP&A in 2022. appeared first on FutureCFO.
Centage
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As technology, market conditions and business practices are constantly evolving, there's always something new to learn out there. Questioning other peoples thoughts and perspectives is part of FP&As daily job, for example, challenging our colleagues assumptions when analyzing business initiatives, budgeting or forecasting.
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DECEMBER 1, 2022
Financial planning technology, in particular, has allowed advisors to automate time-intensive back-office tasks and delegate routine analyses to support staff, freeing up their time to engage more personally with clients.
Centage
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Earlier this year we announced that we’d teamed up with global technology firm Intuit Inc. , Explore technology – look for technologies that will help you drive a faster, more efficient process and shorten cycle time so you can have more frequent runs on decision making and can turn around quicker answers.
CFO News Room
FEBRUARY 6, 2022
After presenting the Budget, finance minister Nirmala Sitharaman interacted with a group of media persons where she highlighted the government’s resolve to generate more jobs by giving thrust to startups, MSMEs, manufacturing firms and defence equipment producers. How is the budget is going to promote job creation? Is it not illicit?
Centage
JUNE 2, 2023
Technology has been a boon for manufacturing in a million different ways – from online ordering, to faster invoicing, to optimizing sales teams. 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.
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A rigid approach might involve sticking to an existing budget and hoping the situation resolves itself. Here’s why: The Pace of Change is Unprecedented In today’s world, technologies evolve rapidly, markets shift overnight, and customer needs are constantly changing.
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Let’s start with this: Gas de Cameroon is recognized for its use of advanced extraction technologies, which offer significant operational advantages but often come with substantial upfront costs. Our CSR efforts are guided by defined policies and a dedicated budget. You have such a wealth of experience.
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This study, which was based on six roundtable discussions across nine jurisdictions, introduces a 10-point plan designed to empower public sector organisations to align budgets with outcomes, optimise their delivery models and embrace technology and innovation.
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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. Encourage scenario planning as part of your teams routine.
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This blog explores essential first-time hiring tips, focusing on budgeting and financial considerations for solopreneurs. Efficient Hiring Process and Budgeting for Small Businesses An efficient hiring process is a cornerstone of solopreneur growth strategies. Start your financial journey with expert guidance from CFO Plans.
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