Budgeting & Forecasting

Welcome to the Vena Solutions Budgeting and Forecasting Blog. Discover how to reduce budget cycle times, improve your processes and plan with confidence. (4)

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

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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The Top 3 Myths that Keep Companies from Implementing Rolling Forecasts

Despite decades of evidence pointing to greater financial capabilities, business insights and even profitability associated with using rolling forecasts – most companies still rely on the increasingly outdated and static annual budget. Let’s take a look at......

June 9, 2016 |

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The Top 5 Reasons the Annual Budget is Losing to Rolling Forecasts

“It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change.” – Charles Darwin For the last couple of decades, financial experts and executives around the world have poin......

February 17, 2016 |

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