Cube Software

SEPTEMBER 18, 2023

What once focused primarily on budgeting , forecasting , and variance analysis has evolved into a more strategic and influential role within the business. The evolution of FP&A Over the past few decades, FP&A has witnessed a transformative shift.

Strategic Planning 52

Strategic Planning Planning Budgeting Forecasting 52

Centage

OCTOBER 17, 2022

As you start your financial planning for 2023 and beyond, follow these steps to solidify your three-year strategic plan and boost the odds of achieving your business’ goals. If you want to forecast your financial future, start by looking back at past performance. Set the past as your baseline to predict the future.

Strategic Planning 52

Strategic Planning Planning Cash Flow Forecasting Forecasting 52

Jedox Finance

SEPTEMBER 29, 2021

Those are all good approaches, but SPM must be holistic and combine those approaches and offer better planning, forecasting, and control of different stages of sales processes. Effective sales incentive models should signal the desired results in light of the overall strategy, such as higher compensation for strategic products.

Financial Planning and Analysis (FP&A) 124

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

CFO Share

MAY 10, 2024

In fact, I never forecast cash flow without bookkeeping help – their insights are too valuable to ignore. By leveraging the detailed financial data they maintain, you can create a 13-week cash flow forecast that provides valuable insights into your upcoming cash obligations and helps you make better-informed decisions.

Forecasting 52

Forecasting Cash Flow Forecasting Invoicing Accounts Payable 52

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. A decision tree is a critical part of strategic planning because it allows decision makers to analyze the effects of a significant change throughout different areas of the business.

Planning 86

Planning Data Analysis Strategic Planning Forecasting 86

Planful

JUNE 17, 2021

But not every CFO thrives in the strategic planning side of their role. Many finance leaders confuse financial planning with strategic planning. But when it comes to strategic planning components, CFOs shouldn’t be in a pure finance mindset. Strategic Planning Component #1: Revenue.

Strategic Planning 40

Strategic Planning Financial Planning and Analysis (FP&A) Planning CFO 40

CFO Simplified

JULY 22, 2022

Create a cash flow forecast. A business plan isn’t something that you just create when you start a company, it’s a strategic plan for how you’re going to manage and grow over the next two, five, and 10 years. The pandemic changed plans for nearly every business. Update your strategic plan.

Cash Flow Forecasting 96

Cash Flow Forecasting Strategic Planning CFO Planning 96

CFO Share

MARCH 23, 2021

A rolling 12-month forecast projects financial performance over a 12-month time horizon using the “add/drop” approach to forecasting. Unlike a budget or calendar year forecast, a rolling 12-month forecast adds one month to the forecast period each time a month is closed so that you are continuously forecasting for 12 months.

Forecasting 52

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

The Finance Weekly

JANUARY 8, 2024

This is why expense forecasting is valuable for CEOs, CFOs, and other executives when predicting a company's future financial performance. What Is an Expense Forecast? An expense forecast is a prediction of your future business costs. While the idea is simple, creating an accurate forecast is more complicated than it seems.

Forecasting 52

Forecasting Budgeting Startups Strategic Planning 52

CFO Share

JANUARY 12, 2024

Financial forecasting is an essential practice, but navigating the waters of financial planning can be daunting, especially when you’re considering bringing a fractional CFO on board for the first time. What is a Financial Forecast? Updating forecasts monthly is considered best practice. Final forecast review.

Forecasting 52

Forecasting CFO Strategic Planning Planning 52

Spreadym

JUNE 2, 2023

Rolling forecast is a financial planning and forecasting approach that involves continuously updating and extending the forecast based on the latest available data and information. As the current period elapses, the forecast is extended by adding a new period, maintaining the same forecast horizon.

Forecasting 52

Forecasting Budgeting Communication Planning 52

The Charity CFO

JANUARY 12, 2024

Financial forecasting is a term you’ll hear thrown around in the business world quite often—but in the world of nonprofits, it can be difficult (and even downright impossible) to plan your organization’s finances with any degree of certainty. The best way to do this is through financial forecasting.

Nonprofit 52

Nonprofit Forecasting Budgeting Strategic Planning 52

CS Lucas

FEBRUARY 16, 2021

Cash forecasting has and always will be a practice that successful businesses utilise to stay ahead of unprecedented events. Tips for cash forecasting: Analyze your cash flow. Begin forecasting by assessing your business’ current cash flow and conducting a deep analysis of your incoming receipts and outgoings payment.

Forecasting 52

Forecasting Cash Flow Forecasting Strategic Planning Invoicing 52

Barry Ritholtz

AUGUST 26, 2023

Davis explains why Vanguard doesn’t play the forecasting game, noting the “forecasting game is really hard and even harder for the short-term.” Davis adds “ Instead of forecasting events you have no control over, you can control your diversification and costs.”

Treasury 98

Treasury Forecasting Strategic Planning Investments 98

CFO News Room

FEBRUARY 1, 2023

The retailer could see upside to expected profit in 2024 and 2025 as its strategic plan takes shape, according to the firm. The company’s fiscal second-quarter revenue topped analysts’ forecasts, according to Refinitiv. Advanced Micro Devices — Shares of chipmaker Advanced Micro Devices jumped 12.6%

Profit and Loss 130

Profit and Loss Strategic Planning Budgeting Manufacturing 130

Fpanda Club

MARCH 28, 2021

This article describes the FP&A maturity assessment model focused on major tasks of the function (strategic planning and budgeting, forecasting, analytics, management reporting, performance management and decision support) and built around 3 key areas – processes, tools/systems and people.

Forecasting 130

Forecasting Budgeting General Ledger Finance 130

Lime Light

JUNE 12, 2023

Having an accurate and dynamic forecast creates a confident finance function in any business. However, when your skilled FP&A team members spend hours gathering and formatting static spreadsheets, that’s less time being spent on analyzing results, developing what-if-scenarios, and modeling strategic plans and forecasts.

Financial Planning and Analysis (FP&A) 75

Financial Planning and Analysis (FP&A) Planning Strategic Planning Forecasting 75

VCFO

OCTOBER 10, 2023

monthly, annual) performance, much more is needed for effective strategic planning – proactive planning that looks beyond what the business will do in the short term to where you want it to be in five years, ten years, or a similar timeframe. While the Income Statement does provide a view of historical (e.g.,

Strategic Planning 80

Strategic Planning Cash Flow Forecasting Profit and Loss CFO 80

Spreadym

JUNE 8, 2023

Planning, budgeting and forecasting for a business are three distinct financial management tools used in business, each serving a different purpose. Key differences between planning, budgeting and forecasting for a business Here are key difference between planning, budgeting and forecasting for a business.

Forecasting 52

Forecasting Budgeting Planning Risk Management 52

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 82

Treasury Cash Flow Forecasting Forecasting Cash Management 82

Fpanda Club

SEPTEMBER 2, 2021

The list of typical FP&A activities usually includes planning, budgeting, forecasting, analysis, management reporting and performance management. Planning relates to determining the company’s short-term (1-year) and long-term (3-5 years) objectives. This process usually occurs once a year and lasts several months.

Financial Planning and Analysis (FP&A) 130

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

Focus CFO

DECEMBER 6, 2021

Turning Goals into a Strategic Plan. A long to-do list or a list of goals is not a strategic plan. Businesses that set goals and try to hit them without an overarching strategic plan can end up wasting resources, pulling their teams in too many directions, and thwarting their own expansion efforts.

Financial Planning and Analysis (FP&A) 92

Financial Planning and Analysis (FP&A) Strategic Planning CFO Communication 92

Centage

AUGUST 15, 2022

With driver-based planning, companies identify a set of factors that influence their success and model that data to better understand its impact. Managers can then run scenarios with the drivers to improve long-term strategic planning. Driver-based planning lets businesses focus on key indicators while ignoring the noise.

Budgeting 105

Budgeting Planning Forecasting GAAP 105

VCFO

NOVEMBER 1, 2023

A common outcome of this mindset is a rationalization on the part of the CEO that they (perhaps along with the CFO) can adequately represent the views of People Ops as strategic planning commences, check some HR-oriented items off the list themselves, and not bring focused People Operations expertise to the table.

Strategic Planning 73

Strategic Planning Leadership Planning Compliance 73

CFO Share

JULY 16, 2024

Strategic Planning and Forecasting CFOs create long-term financial plans and forecasts. They analyze market trends and economic data to predict future financial performance and guide strategic decision-making.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) CFO Compliance General Ledger 98

PYMNTS

DECEMBER 16, 2020

Knowing the unique constraints the industry is facing this peak season, we worked with our carriers early on to collectively build a strategic plan of execution.”. “We are happy with the performance of our parcel-delivery network following the higher Cyber Week demand,” a Gap spokeswoman told The Wall Street Journal.

eCommerce 131

eCommerce Strategic Planning Forecasting Retail 131

Centage

JANUARY 9, 2024

While spreadsheets have long reigned supreme as the foundation of budgeting and forecasting for many organizations, the shortcomings of this legacy tool, and the silos it creates, have become impossible to ignore. It’s never a bad time to consider how to improve your overall budgeting and forecasting process.

Forecasting 40

Forecasting Budgeting General Ledger Planning 40

Spreadym

NOVEMBER 3, 2023

Budget Variance: Compare actual financial results to budgeted or forecasted figures. Regularly tracking and analyzing these metrics can help you make informed strategic decisions, identify areas for improvement, and ensure your financial plans align with your organization's objectives. and "How will we get there?"

Planning 59

Planning Strategic Planning Budgeting Forecasting 59

CFO Talks

FEBRUARY 2, 2024

In the evolving role of a Chief Financial Officer (CFO), mastering risk management, budgeting, and forecasting tools is crucial. A CFO’s role is to identify, evaluate, and mitigate these risks through strategic planning, ensuring the integration of risk management processes across all departments of the organisation.

CFO 52

CFO Risk Management Strategic Planning Forecasting 52

Jedox Finance

JANUARY 23, 2020

Set organizational, strategic, high level goals and targets. Measurement of success and re-forecasting. Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) systems are primarily transactional systems. 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

Jedox Finance

JUNE 26, 2019

Our business partners, including the CEO, do not have time for a lengthy budget process and outdated forecasts because the market is moving quickly. In addition, finance needs to work in tandem with the company’s digital plans. These insights need to be data driven and combined with business judgement.

Financial Planning and Analysis (FP&A) 120

Financial Planning and Analysis (FP&A) CFO Leadership Finance 120

Future CFO

MAY 26, 2024

In partnership with my CFO, Dr. Björn Schmidt, we work on rolling forecasts and a driver-based business model, making decisions based on scenarios derived from our Jedox model for recurring software and service businesses. Through this synergy, we shape our future more confidently and create a positive impact on the business and beyond.

Leadership 98

Leadership Strategic Planning Forecasting CFO 98

PYMNTS

MAY 24, 2018

However, the company topped analysts’ profit and sales forecasts for at least its eighth consecutive quarter. We start the new year with a solid foundation — including a clear strategic plan to deliver long-term growth and value creation, an engaged global organization, and a strong balance sheet.

Forecasting 40

Forecasting Sales Strategic Planning Planning 40

Fpanda Club

APRIL 18, 2022

SWOT SWOT stands for the analytical tool to uncover Strengths, Weaknesses, Opportunities and Threats and is frequently used in strategic planning exercises. This article describes 3 well-known marketing and design thinking techniques which can become part of the FP&A toolkit: SWOT, empathy map and personas.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Marketing Finance Forecasting 130

Centage

AUGUST 16, 2023

Quickly compare performance against the plan and find holes and ways to improve. Freeing up time spent on manual budgeting processes gives leaders more resources to spend on strategic planning and forecasting. Automated budgeting tools allow you to: Build budget models in little time that can be the skeleton of your plan.

Budgeting 98

Budgeting Forecasting Strategic Planning Planning 98

CFO Selections

SEPTEMBER 4, 2024

A business assessment is a financial checkup that evaluates the efficacy of critical financial functions like reporting and forecasting while analyzing people, processes, and tools. The findings that result can serve as a roadmap for the organization’s strategic planning initiatives.

Strategic Planning 52

Strategic Planning Forecasting Finance Planning 52

The Finance Weekly

MAY 5, 2024

As companies shift from static sales plans to more dynamic sales planning, leaders see it as a more advanced and adaptable approach that can be tailored to meet the organization's evolving needs. Benefits of Sales Planning Sales planning offers a bunch of perks for businesses. What is Revenue Planning?

Planning 72

Planning Sales Forecasting Strategic Planning 72