Remove Data Analysis Remove Finance Remove General Ledger
article thumbnail

Workday Adaptive Planning Reviews

The Finance Weekly

It is a cloud-based FP&A solution aimed at reducing reliance on traditional spreadsheets and manual data entry. Primarily built for large enterprises and growing mid-sized businesses, the platform supports finance teams in budgeting, forecasting, workforce planning, and financial close processes. Who Its Meant For?

article thumbnail

Today’s Business Budgeting; Can Your Spreadsheet Software Keep Up

Centage

Accounting has evolved quite a bit since the early days of double-entry systems and general ledgers. It replaces static spreadsheets with a cloud-based financial tool that gives role-based access to data in real time. Siloed financial data can lead to false assumptions because insight isn’t based on a complete picture.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Strategic Budgeting and Forecasting: Five Questions to Consider

Centage

Freed from the shackles of a siloed, legacy tool like Excel and managed instead within strategic FP&A solutions, budgets become living, evolving documents that finance teams can use as an in-house planning tool, updating monthly, quarterly or on an ad-hoc basis. Finance at the Speed of Business. Who should be involved?

Budgeting 111
article thumbnail

Capitalising on the Fintech apps in APAC

Future CFO

This trend is driven by the need for real-time data analysis and insights to make informed business decisions. Specific to the automation of finance and accounting processes, can you identify the top three areas mid-size enterprises are prioritizing to automate?

article thumbnail

Why Excel Spreadsheets Are Not Meant for Business Budgeting

Centage

This is because Excel is easy to use and personal finances often require simple formulas and data entry. To successfully budget, you need access to each data source and up-to-date data. Consolidating your financial data across several general ledgers quickly becomes complicated when you use spreadsheets.

article thumbnail

Why Businesses Are Choosing Other Options Over Excel Spreadsheets for Financial Forecasting

Centage

Disadvantages of Excel for Financial Forecasting While Excel is not necessarily bad for data analysis or financial forecasting, it may not be the best option available to your business. Limited Visibility To conduct financial data analysis, your business needs to test various hypothetical scenarios.

article thumbnail

Why Businesses Are Choosing Other Options Over Excel Spreadsheets for Financial Forecasting

Centage

While Excel is not necessarily bad for data analysis or financial forecasting, it may not be the best option available to your business. To conduct financial data analysis, your business needs to test various hypothetical scenarios. Excel spreadsheets may not be ideal for storing historical data.