CFO Selections

MARCH 4, 2024

The “branches” off each decision alternative that result use data analysis to forecast the most likely outcome of each decision. Basically, it is a visual version of an “if this then that” statement across all possible alternatives.

Planning 86

Planning Data Analysis Strategic Planning Forecasting 86

Jedox Finance

SEPTEMBER 29, 2021

It is not uncommon to find other, more narrow, definitions for SPM: Improvement of sales personnel performance; streamline sales and sales-operations data; monitoring and measuring the effectiveness and efficiency of sales processes. Modern FP&A departments work closely with other departments across the organization as a business partner.

Financial Planning and Analysis (FP&A) 124

Financial Planning and Analysis (FP&A) Sales Forecasting Reconciliations 124

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. Forecast: Forecasts can vary in terms of their time horizon.

Forecasting 59

Forecasting Budgeting Cash Flow Forecasting Benchmarking 59

Centage

JULY 26, 2022

To survive and thrive in the current corporate environment, you need to have more financial data than the competition. The goal is to gather the necessary information to forecast your cash flow quickly, correctly, and frequently. However, you can also create a cash flow forecast that covers weeks or months.

Cash Flow Forecasting 52

Cash Flow Forecasting Forecasting Budgeting Data Analysis 52

Future CFO

JULY 17, 2023

Global corporate treasury leaders can serve as particularly essential strategic advisers right now— if they can harness the right data, analysis, and technology strategy to navigate choppy market conditions. This is why nearly half of the surveyed treasurers describe cash forecasting as somewhat or extremely difficult.

Treasury 98

Treasury Forecasting Cash Management Concentration 98

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. Why Businesses Use Spreadsheets for Financial Forecasting. Disadvantages of Excel for Financial Forecasting.

Forecasting 52

Forecasting Budgeting Data Analysis Financial Modeling 52

Jedox Finance

APRIL 8, 2021

It also needs to be based on insights from data. Effective decision-making must be based on data analysis, decisions (planning) and the execution and evaluation of the decisions and its impact (forecasting). Analyze: Using information and knowledge from the data the organization collected over time.

Data Analysis 89

Data Analysis Forecasting Analyzing Data Budgeting 89

Centage

AUGUST 29, 2022

As the country moves out of the crisis period and toward recovery, companies need to abandon earlier forecasting methods based on old information on customer demand. The end result is improved forecasting when it comes to revenue, profitability, and cash flow.

Planning 98

Planning Forecasting Profit and Loss Budgeting 98

Centage

JUNE 21, 2022

Implementing rolling budgeting, rolling financial forecasting, and mid-year forecasts. Fortunately, software tools can help minimize the time and resources required, helping companies get the data they need with less frustration. With a rolling 12-month forecast, previous months drop off as new ones are added. The answer?

Forecasting 52

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

Centage

JUNE 28, 2022

With less cash to count on, knowing your cash flow position with cash flow forecasting has never been more important: how much is really in the bank, how much is available on short notice, what revenues are coming in when, and what resources are going out and when. We examine the reasons below.

Cash Flow Forecasting 52

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

Centage

MARCH 30, 2022

How Cash Flow Forecasting Can Help With cash flow forecasting, you can see the effect of cash flow from any area of your operation — from sales to workforce, loans, and capital asset plans.Cash flow forecasting can shine a bright light on existing or potential problems for your company.

Cash Flow Forecasting 98

Cash Flow Forecasting Forecasting Data Analysis Planning 98

Centage

MAY 10, 2022

Planning Maestro offers the sophisticated features needed by small and mid-market organizations to integrate budgeting, forecasting, and deep data analysis within one easy-to-use, scalable SaaS solution. Bring SaaS to Your Budgeting & Planning. Watch Demo.

Financial Planning and Analysis (FP&A) 98

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

Jedox Finance

NOVEMBER 19, 2020

And the demand for modern tools is growing fast: In the most recent BARC Survey, 56% of those questioned stated that the introduction or modernization of software for planning and forecasting is one of the necessary investments to optimize processes. The improvement in data quality follows with 53%.

Financial Planning and Analysis (FP&A) 98

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

Global Finance

SEPTEMBER 9, 2024

And while the latest tools of the trade—artificial intelligence (AI) and machine learning (ML)—promise to make tasks such as liquidity forecasting, cash management, and risk management easier, they come with their own complications and tie the treasury team even more closely into management’s strategic planning.

Treasury 97

Treasury Cash Flow Forecasting Forecasting Cash Management 97

Centage

SEPTEMBER 20, 2022

Between pandemic insecurities, a supply chain crisis, labor shortages, and the growing threat of recession, companies that rely on traditional planning and forecasting may find themselves struggling to stay competitive. To stay agile and accurate, businesses need to utilize automated financial tools that allow for rolling forecasts.

Financial Planning and Analysis (FP&A) 98

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

Centage

MAY 31, 2022

For truly effective forecasting, businesses and financial departments need to find new ways of assembling and analyzing data. The Need for Accurate Forecasting It’s no secret that accurate forecasting is essential in today’s complex economy. In fact, Centage’s survey revealed that improved reporting was the No.

Financial Planning and Analysis (FP&A) 92

Financial Planning and Analysis (FP&A) Forecasting Analyzing Data Planning 92

Fpanda Club

SEPTEMBER 2, 2021

Familiar with data analysis and armed with powerful tools, FP&A teams start to play more visible roles in the organizations providing their leaders with actionable insights and recommendations on the best ways to achieve company’s objectives, thus, having the direct impact on their company’s results and success.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Corporate Finance Communication Budgeting 130

Centage

MAY 3, 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 cloud-based FP&A solutions.

Financial Planning and Analysis (FP&A) 98

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

Centage

AUGUST 15, 2022

For this reason, many companies opt to abandon Excel budgeting in favor of a tool that can handle driver-based planning and forecasting. Data Integrity Are you sure that your current forecasts are accurate? Driver-based planning lets businesses focus on key indicators while ignoring the noise.

Budgeting 105

Budgeting Planning Forecasting GAAP 105

Future CFO

APRIL 3, 2023

Leveraging data to offer informed decisions Going beyond RPA, the shift to the cloud and vast amounts of data now available means CFOs have an opportunity and expectation to broaden their focus to not only improve the bottom line, but to also contribute to the top line by leveraging data to provide actionable business insights.

Finance 96

Finance Forecasting CFO Leverage 96

Centage

SEPTEMBER 14, 2021

It replaces static spreadsheets with a cloud-based financial tool that gives role-based access to data in real time. Planning Maestro allows you to access historical, current, and future budget and forecast data in one place, with advanced features for data analysis and projections.

Budgeting 96

Budgeting General Ledger Data Analysis Financial Data 96

Centage

JULY 19, 2022

Utilizing financial forecasting and driver-based budgeting, companies can create flexible, agile plans. Forecast likely outcomes, analyze your results, and share information through multiple departments and areas of your business with ease.

Financial Planning and Analysis (FP&A) 111

Financial Planning and Analysis (FP&A) Budgeting Forecasting Data Analysis 111

Centage

SEPTEMBER 28, 2022

By collecting and analyzing data from various parts of the organization, companies can generate reports that provide data-driven answers to all the questions plaguing them. Moreover, getting futuristic with financial forecasting can aid in risk assessment and help companies avoid costly mistakes.

Financial Planning and Analysis (FP&A) 97

Financial Planning and Analysis (FP&A) Financial Reporting Forecasting Budgeting 97

Centage

JUNE 7, 2022

Forecast Risk Very few financial decisions are entirely without risk. One of the best things you can do as CFO to protect your new company is improve your ability to forecast risk accurately. As a result, employees will be working toward the same goals as the decision makers and stakeholders.

CFO 97

CFO Forecasting Budgeting Data Analysis 97

Planful

APRIL 28, 2016

Predicting the future in business is tough, and rolling forecasts are becoming a popular way to address this, particularly in industries that are more dynamic and volatile. Yet, while a rolling forecast will improve the accuracy of your planning, there are specific tactics that can optimize your results and ensure precision.

Forecasting 40

Forecasting Data Analysis Budgeting Planning 40

Global Finance

OCTOBER 7, 2024

Tanganelli: AI has the potential to revolutionize finance by enhancing data analysis, improving forecasting accuracy and automating routine tasks. I see AI evolving to become an important part of the decision-making processes, providing deeper insights and enabling more strategic, data-driven decisions.

CFO 103

CFO Data Analysis Finance Risk Management 103

Centage

APRIL 4, 2023

Sophisticated FP&A software tools like Planning Maestro enable finance teams to automate routine tasks such as manual data entry, accelerating workflows and improving forecasting. The end result is that you get the data you need faster for more accurate forecasts all without overburdening staff and increasing budgets.

Financial Planning and Analysis (FP&A) 98

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

Centage

MARCH 14, 2023

In the past, businesses engaged in resource forecasting as part of their annual planning process. Created by financial professionals, Planning Maestro offers sophisticated budgeting, planning, forecasting and analysis software to help companies accomplish their goals.

Financial Planning and Analysis (FP&A) 98

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

Centage

MARCH 2, 2022

While no one can predict what the market will do, accurate forecasts can help you anticipate impacts to sales, investments, and personnel. To achieve this, you need a cloud-based financial reporting software that can support frequent forecasting, scenario planning, and reporting.

Financial Reporting 98

Financial Reporting Budgeting Forecasting Data Analysis 98

Centage

DECEMBER 14, 2023

Forecasting errors are an inevitable part of the budgeting process. Quickly identifying forecast errors in your budget is not a sign of failure, but an opportunity for improvement. Forecast error: Definition and Types In the simplest terms, forecast errors are the difference between predicted values and actual outcomes.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Forecasting Budgeting Analyzing Data 40

Centage

APRIL 28, 2022

affordable and intuitive, cloud-native platform that lets its clients easily budget, forecast financial performance, analyze results and share critical information across the organization quickly. Out of the gate, Planning Maestro offered companies of all sizes a better way to plan, budget, forecast and report their financial performance.

Financial Planning and Analysis (FP&A) 98

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

Centage

APRIL 6, 2022

The delta between forecasts and actuals can have a huge impact on performance. Sensitivity analysis can serve as an early warning to an issue that your executive team or Board of Directors may need to address. You can update your forecasts based on the analysis. Why do Financial Scenario Planning? Why Do What-If Planning?

Financial Planning and Analysis (FP&A) 98

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

Jedox Finance

JANUARY 23, 2020

Collection of organization-wide financial and non-financial data. Analysis and calculation of major KPIs. Measurement of success and re-forecasting. Set organizational, strategic, high level goals and targets. Cascade goals into functional areas of the organization. Target setting for select business drivers.

Financial Planning and Analysis (FP&A) 88

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

Centage

SEPTEMBER 6, 2022

As a business owner or chief financial officer (CFO), spreadsheets may be an important part of your financial forecasting, planning, and budgeting processes. With Centage Corporation’s Planning Maestro, you can optimize cash flow forecasting with year-round financial intelligence.

Securities 98

Securities Cash Flow Forecasting Budgeting Forecasting 98

Barry Ritholtz

MAY 17, 2023

We have discussed the problems of forecasting enough in the past that I won’t spend too much time here, other than to point out that humans as a species have no idea what is going to happen in a month or 3, much less 5 years hence. This explains in part why it is mostly useless. As the nearby charts make clear, they shouldn’t.

Forecasting 131

Forecasting Finance Data Analysis 131

Centage

MARCH 15, 2022

Check Your Data Your scenario planning is only as accurate as the quality of your data. If you want to ensure your forecasts are based in reality, it’s crucial to gather up-to-date, reliable information from multiple sources. For best results, involve different people in providing scenarios and data and reviewing the forecasts.

Planning 98

Planning Forecasting Budgeting Data Analysis 98

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