CategoryBudgeting
Budgeting
Budgeting
Dear Mr. EPM, My Business Users Don’t Value Budgeting
In the essence of a “Dear Abbey” advice column, we at Planful are trying to tackle your biggest financial process questions. This series of blog posts called, Dear Mr. EPM will look to answer questions on some of your challenges. Have a question for us – email us at info@hostanalytics.com.
Budgeting
Dear Mr. EPM, Why is Budgeting So Complex?
In the essence of a “Dear Abbey” advice column, we at Planful are trying to tackle your biggest financial process questions. This series of blog posts called, Dear Mr. EPM will look to answer questions on some of your challenges. Have a question for us – email us at info@hostanalytics.com.
Budgeting
How to Transform Budgeting for 2018 With Continuous Planning – Webinar Recap
As the final days of summer tick away, many organizations are beginning to think about their planning and budgeting for the 2018 fiscal year. What's your approach?
Budgeting
Continuous Planning – Transform Your Approach to Budgeting for 2018
It’s that time of year. Come September, many organizations will begin the budgeting and planning process for 2018. What’s your approach going to be?
Budgeting
6 Ways Consolidation Functionality Can Transform Planning
For many organizations, the budgeting and planning process is the initial driver for adopting packaged enterprise performance management (EPM) applications.
Budgeting
Is Zero-Based Budgeting Back in Vogue?
Over the past few years, the zero-based budgeting (ZBB) approach has gained renewed interest and is being adopted by a growing number of organizations.
Budgeting
Budgeting, Planning, and Forecasting in 2017 & Beyond
Budgeting, planning, and forecasting are critical steps in the enterprise performance management (EPM) process.
Budgeting
5 Best Practices for a Less Painful Budgeting Process
Here we are in mid-March, and by now, most of you should have completed your 2017 budgeting process. But while the memory is fresh, this is a good time to evaluate how well your process went.
Budgeting
Is Excel the Right Tool for Corporate Budgeting?
Well, here we are in late January and most companies have wrapped up their budgeting for 2017. But while the memory of the process is fresh this is a good time to think about how well it’s working.
Budgeting
How the Revised Revenue Recognition Rules Impact Budgeting & Planning
In many organizations, the accounting and finance departments are still trying to process the news about upcoming changes to the revenue recognition guidelines announced by the FASB and IASB earlier this year.
Budgeting
Strategies for Making Planning and Budgeting More Effective
Today, corporate budget planning is more challenging than ever, as there is greater pressure on business than ever before.
Budgeting
Easing the Struggles of the Annual Budgeting Process
Annual budgeting is a notorious pain in the business world, taking up bounteous quantities of time, while still producing unreliable results.
Budgeting
3 Steps to Improving Agility in Financial Budgeting and Planning
Financial agility is becoming a necessity in the business world, as the world of business continues to evolve and become even more dynamic.
Budgeting
Dynamic Budgeting, Planning and Reporting for Life Sciences Companies
Companies in the Life Sciences industry – such as Pharmaceutical manufacturers, Biotech companies, and Medical Device manufacturers – are facing major challenges.
Budgeting
Best Practices for Streamlining Budgeting and Forecasting
Budgeting and forecasting is an integral part of every business, and yet it is often the most inefficient.
Budgeting
The Role of the BHAG in Budgeting and Planning
A typical software implementation includes an assessment of the current state systems, processes and requirements. It should also look ahead to your organization’s strategic plan to determine if any future requirements should be included in the assessment.
Budgeting
Evolution vs. Revolution: Which Approach for Improving Budgeting?
Choosing to make changes to your budgeting process can be a bold move.
Budgeting
A Call for Change: 6 Indicators You Need a New Approach to Budgeting
Perhaps you've been considering implementing a new approach to budgeting but are concerned it will be too complicated or time-consuming.
Budgeting
Building a Better Budget with the Help of Rolling Forecasts
Budgeting is a concept constantly riddling the minds of CFOs. How can a company build a better and more efficient budgeting approach that will maintain accuracy, while improving agility?
Budgeting
How the New Revenue Recognition Rules Could Impact Budgeting and Planning
There’s been a lot of buzz in the accounting and finance community recently about the upcoming change in revenue recognition guidelines from the FASB and IASB.
Budgeting
Leverage the Cloud to Ease the Pain of 2017 Budgeting
CFOs are constantly living in the future. While 2016 isn't even half way through, CFOs and financial teams already have their sights set on the year ahead.
Budgeting
Is Your Annual Budget Obsolete? Try Rolling Forecasts to Stay Ahead
Well, the first quarter of 2016 is behind us. Is your 2016 annual budget already obsolete? Probably - and why? Because "stuff happens" and conditions can change quickly in business. That makes it nearly impossible to accurately predict revenues and costs quarters, or even months in advance.
Budgeting
Improving the Planning, Budgeting and Forecasting Cycle
Budgeting, planning and forecasting is a challenging ordeal. For large, dynamic enterprises, it can be incredibly difficult to accurately forecast and allocate budgets across departments.
Budgeting
The Limitations of Excel for Corporate Planning and Budgeting
Microsoft Excel is pervasive in the business world, and it has always been particularly popular among financial planners.
Budgeting
Creating Adaptable Budgets for Dynamic Businesses
In a recent webinar entitled "The CFO Playbook on Budgeting: How to Keep Budgets Effective," Roger Howell, the Principal of PwC, and Brian Blanton, the Director of the Hackett Group, discussed the ways in which CFO's can manage budgets and strive to keep budget plans accurate and effective.
Budgeting
Building the Business Case for Cloud-Based Budgeting
Has your organization outgrown its spreadsheet-based system for budgeting and planning?
Budgeting
EPM and Revenue Planning: Modern Budgeting for Modern Businesses
If revenue planning is difficult, inefficient, time-consuming, and often inaccurate, then enterprise performance management (EPM) software is for you.
Budgeting
Are You Ready to Move Beyond Budgeting?
One of the highlights of Planful’ 2015 Future of Finance Tour was a guest keynote delivered by Steve Player, North American Director of the Beyond Budgeting Roundtable.
Budgeting
Spreadsheet Budgeting Karaoke
I recently had the pleasure of attending Karaoke night at Bub City, a bar in Chicago, after the Planful Future of Finance event there. I hadn’t been there before, but the place was packed after the Chicago Cubs had won the NLDS.
Budgeting
Beyond Budgeting – Are You Ready?
Many organizations are dissatisfied with their annual budgeting process. Many even dread it. Yet most organizations continue to support the annual ritual.
Budgeting
EPM or ERP – Which to Implement First?
Finance organizations in growing enterprises often reach a point where they need to upgrade or replace both their ERP and EPM software systems. Here, they face the dilemma of deciding which to upgrade or replace first – ERP or EPM? This dilemma occurs in one of two scenarios: