Budgeting & Forecasting (2)

(2)

How To Build Budgeting Agility With Rolling Forecasts

October 19, 2020 |

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How To Align Your Budget With Your Business Goals

Whether you’re playing a game of chess or helping to grow a business, strategy is key to making every move the right one. So how do you decide your next move when you have no visibility into the strategy at play? If you’re part of a finance team, you may f......

October 7, 2020 |

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The Benefits (and Drawbacks) of Zero-Based Budgeting

Zero. Zilch. Nada. However you say it, it’s not where most of us want to be. After all, who wants to begin from zero when you have a chance to start ahead of the game? Yet, over the years, companies from Texas Instruments to 3M have made starting from scra......

October 2, 2020 |

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40% of Finance Teams Don’t Perform Scenario Analysis When Forecasting, Survey Finds

According to the inaugural Vena Industry Benchmark Report, 40% of businesses don’t do any scenario modeling before making adjustments to forecasts. The new report draws from the insights of 350 business leaders and finance and operations professionals acro......

July 28, 2020 |

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Budgeting & Forecasting the Top Priority for 76% of BPM Software Users, Survey Finds

As the modern finance function continues to evolve, teams are relying on BPM solutions for better budgeting, forecasting and reporting. A new survey reveals that finance teams are most interested in budgeting and forecasting functions from their business p......

July 3, 2020 |

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Why CFOs Need To Bring Planning, Strategy and Budgeting Together

It’s not just a matter of choosing the right technology. Financial leaders also need to think about aligning resources with corporate objectives.  Which comes first: the budgeting software or the budget plan? This may seem like a fairly obvious chicken-and......

May 29, 2017 |

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The Bright Side of All Those Finance Department Budget Cuts

It’s not easy for anyone to do more with less, but in the case of the CFO’s team, there’s little doubt their impact is only going to grow. There are some who mistakenly believe working in the finance department is an ongoing exercise of figuring out where ......

March 23, 2017 |

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Why CFOs Should Budget 180 Days for Meaningful Change

Strategic thinking has never been more important for financial executives, and experts say will involve not only technology but ever-fallible human beings. When you “do a 180,” as the idiom goes, you’ve taken a sudden but necessary change in direction — ph......

November 8, 2016 |

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Whose Budget Is It Anyway? Technology Has the Answer

Technology is opening a lot of doors for finance professionals, but the question is how many other parts of the business are trying to walk through them, too. In an ideal world, the budget should represent a moment of truth. Too often it feels more like a ......

July 25, 2016 |

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Why Human Nature Might be Getting in the Way of Rolling Forecasts

In the words of management guru Peter Drucker, “the greatest danger in times of turbulence is not the turbulence; it is to act with yesterday’s logic.”  For a textbook example of acting with yesterday’s logic in Finance, you need look no further than the p......

July 23, 2016 |

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