The budget season is here again. Cheers or tears?
According to a study by Horvath & Partners in 2004, senior managers spend about 10-20% of their time on the budgeting process, while finance departments spend as much as 50% of their time. Is it the case at your organisation?
Blog Topics: Planning and Budgeting, Financial consolidation, planning and reporting, Enterprise Performance Management (EPM)
The budget season is here again. Cheers or tears?
According to a study by Horvath & Partners in 2004, senior managers spend about 10-20% of their time on the budgeting process, while finance departments spend as much as 50% of their time. Is it the case at your organisation?
Blog Topics: Planning and Budgeting, Financial consolidation, planning and reporting, Enterprise Performance Management (EPM)
Is your Planning & Budgeting process bringing you more headache than results? Here is your chance to fix it.
Blog Topics: Planning and Budgeting, Financial consolidation, planning and reporting, Enterprise Performance Management (EPM), Financial Accounting Management Software
In battle, strategic ambiguity can sometimes lead to disastrous results. At Gettysburg, for example, on the first day of the epic US Civil War battle, General Robert E. Lee ordered General Richard Ewell to take Cemetery Hill “if practicable.”
Blog Topics: Financial consolidation, planning and reporting, Enterprise Performance Management (EPM), Financial Accounting Management Software
In battle, strategic ambiguity can sometimes lead to disastrous results. At Gettysburg, for example, on the first day of the epic US Civil War battle, General Robert E. Lee ordered General Richard Ewell to take Cemetery Hill “if practicable.”
Blog Topics: Planning and Budgeting, Financial consolidation, planning and reporting, Financial Accounting Management Software
Today Best-in-class companies are refocusing attention on process efficiency. Specifically, their top two strategic actions are developing a formal planning/budgeting/forecasting workflow process and automating the process flows associated with the budget process. This reflects the top two pressures faced by companies nowadays – adapting to the ever changing environment and a need to align planning/budgeting with corporate strategies.
Blog Topics: Planning and Budgeting, Financial consolidation, planning and reporting, Enterprise Performance Management (EPM)
In the current climate of business management, the role of CFOs has become increasingly significant. They not only own and manage financial data but also hold key performance management information. CFOs have a say in financial processes, such as planning, budgeting, forecasting and consolidation, which are inherently linked with each other to generate actionable insight for strategic decision-making.
Blog Topics: Planning and Budgeting, Financial consolidation, planning and reporting, Enterprise Performance Management (EPM)
Since the global economic meltdown, businesses have been forced to be more cautious in their decision making to ensure growth amid uncertainty. Processes such as planning and budgeting, more than ever, need to be fine-tuned and have a degree of flexibility to keep up with change.
Blog Topics: Planning and Budgeting, Financial consolidation, planning and reporting, Enterprise Performance Management (EPM)
Since the global economic meltdown, businesses have been forced to be more cautious in their decision making to ensure growth amid uncertainty. Processes such as planning and budgeting, more than ever, need to be fine-tuned and have a degree of flexibility to keep up with change.
Blog Topics: Planning and Budgeting, Financial consolidation, planning and reporting, Financial Accounting Management Software
Newsflash: In many organizations, variance reviews become a meaningless drill and here's why. Firstly, variances are explained by inherent uncertainty in the marketplace. Secondly, the level of detail may be inconsistent between finance and line managers. Thirdly, it’s a bunch of disconnected numbers.
Blog Topics: Financial consolidation, planning and reporting, Financial Accounting Management Software
Rick Yvanovich
/Founder & CEO/
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