Future CFO

AUGUST 16, 2020

A good financial analyst follows certain procedures and discipline This article will explain major errors made with financial modelling and how to avoid them. Accessing FutureCFO Premium Content. To access Premium content and more, please login below. Not a Premium member yet? Register now for a free account! Username or Email.

Financial Modeling 52

Financial Modeling Accounting Finance Financial Analyst 52

Future CFO

AUGUST 18, 2020

Building a financial model with Excel is a complex task. With so many considerations to make, you will likely make certain errors. Follow these simple rules to avoid errors. Accessing FutureCFO Premium Content. To access Premium content and more, please login below. Not a Premium member yet? Register now for a free account!

Financial Modeling 52

Financial Modeling Accounting Finance 52

CFO Leadership

APRIL 5, 2023

Chamberlain helps veterans address this crucial technical skill through financial modeling certifications. In order to build this “must-have” understanding of finance and accounting, Chamberlain’s veteran-to-finance initiative has leveraged financial modeling certification as a valuable tool.

Financial Modeling 95

Financial Modeling Leadership Finance CFO 95

Fpanda Club

SEPTEMBER 2, 2021

This process usually presumes the close collaboration of FP&A teams with business leaders and executives to align goals and expectations and create a common financial model of future revenues, costs and cash flows based on the external and internal factors and conditions.

Financial Planning and Analysis (FP&A) 130

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

Future CFO

APRIL 30, 2024

Gerry Chng , Risk Advisory Executive Director at Deloitte Singapore , sees that one of the key uses of Generative AI is the ability to create synthetic data to augment existing data points in a more cost-effective manner, which in turn makes it easier to conduct financial modelling and risk analysis.

Finance 97

Finance Risk Analysis Financial Modeling Leverage 97

CFO Thought Leader

DECEMBER 12, 2024

Reflecting on his time at Splunk, Johnson illustrates how shifting from on-premise software to cloud services required complex financial modeling, flexible thinking, and cross-functional collaboration. His insights reveal how finance leaders can guide companies through transformative eras.

CFO 52

CFO Finance Financial Modeling Technology 52

Future CFO

SEPTEMBER 9, 2022

CFOs are telling their FP&A leaders that they need to improve flexibility of budgeting and forecasting, enable faster capital reallocation, and updated financial models to reflect rapidly changing business realities,” Pritika Bhattacharjee, vice president, research in the Gartner Finance practice, pointed out.

Financial Planning and Analysis (FP&A) 97

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

Fpanda Club

APRIL 11, 2021

Whether in a startup or in a well-known corporation, it is hard for FP&A practitioners to avoid building financial models of these 3 basic financial statements. In this case financial models and scenarios can be simplified based on the trade-off between details/level of accuracy and speed.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Forecasting Budgeting Financial Modeling 130

Centage

OCTOBER 3, 2022

The process of generating what-if scenarios and financial models or incorporating several variables at once could be time-consuming. The multi-dimensional model could also be challenging to envision, which may lead to errors and oversights. Since Excel has a two-dimensional framework, it can limit your visibility.

Forecasting 98

Forecasting Budgeting Data Analysis Financial Modeling 98

Future CFO

JUNE 24, 2024

Since the technology is new, there is the question of how Gen AI Financial Statements undergo the scrutiny of regulatory requirements and audits. How do you dissect complex algorithms as compared to traditional financial models? There is always a challenge of skills and experience of people using Gen AI.

Auditing 111

Auditing Financial Analysis Forecasting Reconciliations 111

E78 Partners

SEPTEMBER 9, 2024

It’s about creating a financial roadmap that not only meets immediate operational needs but also aligns with the long-term vision for growth and profitability. Key Components of an Effective Budget Planning Process An effective budget planning process requires comprehensive planning, detailed financial modeling, and continuous monitoring.

Budgeting 59

Budgeting Planning Financial Modeling Forecasting 59

Centage

AUGUST 8, 2023

Excel requires a lot of specialized knowledge and managing financials within it can be particularly brittle and unreliable. Multiple Users and Sharing Spreadsheets In the early days of a company’s life cycle, it can easily set up its financials in a single workbook on a single budget spreadsheet.

Budgeting 98

Budgeting Planning Forecasting Financial Modeling 98

Spreadym

OCTOBER 3, 2023

Skills: They possess a range of technical and soft skills, including financial analysis, financial modeling, data management, budgeting, forecasting, communication, and problem-solving skills. Experience: FP&A candidates may have prior experience in financial analysis, accounting, or related roles.

Financial Planning and Analysis (FP&A) 59

Financial Planning and Analysis (FP&A) Financial Analysis Budgeting Financial Modeling 59

The Finance Weekly

JANUARY 19, 2023

It involves analyzing financial statements and data from different business units. Specialists in operational finance create financial models that outline the details of business processes and their impact on the company's goals, staff plans, budget, and cash flow.

Leadership 98

Leadership CFO Benchmarking Finance 98

The Finance Weekly

DECEMBER 2, 2024

Problem 1: Using Old and Cumbersome Excel Models Many of us have developed a financial reporting process that uses workarounds for limitations in our ERP software and to ensure we can meet our deadlines without accidentally breaking something. These legacy financial models typically appear overly complicated.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Data Analysis Financial Modeling 52

E78 Partners

SEPTEMBER 9, 2024

It’s about creating a financial roadmap that not only meets immediate operational needs but also aligns with the long-term vision for growth and profitability. Key Components of an Effective Budget Planning Process An effective budget planning process requires comprehensive planning, detailed financial modeling, and continuous monitoring.

Budgeting 52

Budgeting Planning Financial Modeling Forecasting 52

CFO Thought Leader

SEPTEMBER 28, 2024

In this episode of Planning Episodes hosted by Jack Sweeney and Brett Knowles, three CFOs—Don McGuire of ADP, Scott Blackley of Oscar Health, and Patrick Fleury of TeraWulf—share their insights on financial planning and analysis (FP&A), with a focus on navigating complex business environments.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Healthcare Financial Modeling CFO 52

Cube Software

APRIL 29, 2024

At its core, FP&A focuses on forecasting financial outcomes, budgeting, and providing actionable insights to support investment decisions.

Financial Planning and Analysis (FP&A) 52

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

Cube Software

SEPTEMBER 27, 2022

Sensitivity analysis is a financial model created to determine how different sources of uncertainty can contribute to the financial model’s overall uncertainty.

Finance 52

Finance Financial Modeling 52

Cube Software

JANUARY 25, 2023

OnPlan is a budgeting, planning, and forecasting software solution that helps businesses create financial models and manage the financial planning and analysis ( FP&A ) process.

Financial Planning and Analysis (FP&A) 52

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

CFO Thought Leader

JUNE 27, 2024

Separately, Lutz reflects on his days at Charter Steel, where he identified gaps in the company’s financial modeling and spearheaded the implementation of an advanced costing system, involving cross-functional teams for better accuracy and buy-in.

CFO 52

CFO Financial Modeling Leverage Technology 52

Cube Software

DECEMBER 18, 2023

It allows finance teams to continue using their familiar Excel spreadsheets and financial models, focusing on delivering insights critical for business growth.

Finance 52

Finance Financial Modeling Planning 52

Focus CFO

MAY 19, 2023

He has extensive experience building analytic frameworks, including mission critical financial models. Drew is a highly adaptable, hands-on finance leader with 35 years of experience helping business leaders make key decisions.

Financial Modeling 52

Financial Modeling Forecasting Finance Investments 52

CFO Thought Leader

OCTOBER 15, 2024

Read More We have small and medium-size enterprises that need support for basic services like bookkeeping, accounting, tax, FP&A, fund-raising, and so forth, but we also have large clients—some, publicly listed—that need help with data analytics, data visualization, financial modeling, technical accounting memos, and so on.

Leadership 98

Leadership CFO Auditing Compliance 98

CFO Talks

OCTOBER 10, 2024

Build Financial Models That Reflect Strategy Your budget and financial reports should reflect strategic goals. Here are the steps: Understand the Big Picture Before crunching the numbers, make sure you understand your company’s strategy. What are the key goals? Is it growth, innovation, or cutting costs?

Numbers 92

Numbers Finance CFO Leadership 92

Centage

OCTOBER 17, 2022

To that end, it’s essential to have a software program that lets you create multiple versions of your budget based on different financial models. Along with looking at best and worst case scenarios, companies should consider what’s most likely to occur. Assess your risk tolerance using cash flow forecasts for each scenario.

Strategic Planning 98

Strategic Planning Planning Cash Flow Forecasting Forecasting 98

VCFO

MAY 30, 2022

Jose is a senior finance professional with more than 30 years of experience in financial management roles in manufacturing and international energy ventures. His leadership skills have been honed through years of working strategically with CEOs, executive leadership teams, boards of directors, and building and mentoring diverse teams.

CFO 52

CFO Auditing Financial Modeling Leadership 52

The Finance Weekly

OCTOBER 8, 2023

Market Segment: 63% Mid-Market 37% Small-Business Datarails , Datarails is an FP&A tool that helps finance teams by automating financial reporting and planning tasks using Excel spreadsheets and financial models. Market Segment: 52% Enterprise 35% Mid-Market Casual , Causal makes financial modeling easy and understandable.

Financial Planning and Analysis (FP&A) 52

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

E78 Partners

AUGUST 15, 2023

They utilize advanced financial modeling techniques to predict outcomes and assess the viability of various business strategies. This case study with Firstsource exemplifies E78 Partners’ expertise in delivering substantial value through advanced financial modeling and forecasting.

Financial Planning and Analysis (FP&A) 52

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

Bramasol

APRIL 15, 2024

to drive financial models. Options for quickly simulating multiple models for comparative analysis and decision-making. Proactive and automated decision support systems to identify and surface trends and risks that otherwise might not be considered.

SAP 83

SAP Financial Planning and Analysis (FP&A) Compliance Reconciliations 83

The CFO College

AUGUST 31, 2021

If they have to rely on capital raising, it’s hard for companies to attract private or institutional investors in competitive markets without a great accountant and strong financial model. The deck includes: Bullet-proof financial model. Management team that shows prior proven success.

Startups 81

Startups Accounting General Ledger Forecasting 81

CFO News Room

FEBRUARY 5, 2022

The second method is preferable because financial modeling works best when it is transparent, detailed, and easy to audit. The trouble with piling all the calculations into a formula is that you can’t easily see what numbers go where, or what numbers are user inputs or hard-coded. .

Net Present Value (NPV) 130

Net Present Value (NPV) Investments Numbers Corporate Finance 130

The Finance Weekly

SEPTEMBER 10, 2023

How Are These 3 Key Statements Used in Financial Models? The interplay of information within each of the three financial statements is essential in financial modeling. Incorporation of historical figures into each line item: Historical data is inserted into the respective line items within the model.

Finance 52

Finance Financial Modeling Forecasting Concentration 52

Spreadym

NOVEMBER 16, 2023

Collaboration and Workflow Management: Features for collaboration and workflow management facilitate communication and coordination among team members involved in the financial planning process. Pros of Vena for FP&A Flexible Modeling: Vena is known for its flexibility in financial modeling.

Financial Planning and Analysis (FP&A) 59

Financial Planning and Analysis (FP&A) Planning Budgeting Financial Modeling 59

E78 Partners

NOVEMBER 12, 2024

Enhancing Cross-Departmental Collaboration for Accurate Insights Audits impact more than just the finance team; for an accurate, holistic view, the audit process should engage departments like HR, legal, and financial planning and analysis (FP&A).

Auditing 59

Auditing Financial Planning and Analysis (FP&A) GAAP Compliance 59

Spreadym

JUNE 27, 2023

By providing financial insights and analysis, they assist in evaluating investment opportunities, assessing the financial impact of strategic initiatives, and developing long-term financial plans. They develop financial models that simulate various scenarios and assess the outcomes on key financial metrics.

Financial Planning and Analysis (FP&A) 52

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

E78 Partners

OCTOBER 30, 2024

This capability offers a significant advantage in today’s competitive environment, where agility and foresight are vital for maintaining strong financial health. This not only enhances performance outcomes but also supports dynamic forecasting, enabling leaders to adapt their plans as business conditions evolve.

Financial Planning and Analysis (FP&A) 59

Financial Planning and Analysis (FP&A) Marketing Forecasting Financial Modeling 59