If your business is using Sage X3, then you already know how helpful it can be to simplify your business processes. And just like Sage X3 takes the complexity out of your business operations, the True Sky budgeting and forecasting solution can simplify the budgeting process for companies using Excel….

When it comes to setting up your budget, you’ve got several choices to make. You can choose to use the annual budget model, or a rolling forecasting model. You can manage it entirely through the office of the CFO, or you can include other departments. And finally, you can choose…

At TGO, we’re very proud to have worked closely with Sage and their ERP product, Sage X3, for many years. Over that time, we’ve helped many businesses implement Sage X3 throughout their organizations. We’ve also worked with companies to optimize their use of this great software solution. That’s why we’re…

When it comes to tech conferences, the Sage Summit is one of the best. If you read our earlier post about this July’s event in Chicago, you know that the Summit is the biggest gathering of small and medium-sized businesses in the world. As such, it’s a prime opportunity to…

In the nonprofit world, the annual budget has been a time-honored tradition for decades. Because of this, many nonprofits find it difficult to consider updating their budget practices to include rolling forecasting, even though the potential benefits of doing so can be great. As any nonprofit CFO knows, especially after…

A new report by the Canadian Financial Executives Research Foundation (CFERF) called Data Analytics in Canada has found that budgeting is among the top two areas that Canadian businesses want to improve. The other area that businesses rated as most important to improve was profitability analysis and management. Despite this…

As CFO, within your overall business budget you’ve got multiple smaller budgets that have to be managed. Of these, there’s one that tends to be one of the more difficult to handle: compensation. There are several reasons that budgeting for compensation can be more time-consuming and stressful than budgeting for,…

As any food and beverage CFO knows, the F&B industry often has to operate under fairly challenging circumstances. One of the biggest of these just might be fluctuating food costs. While it’s true that people need to eat no matter what, we all know that changes in food cost, as…

Budgeting and customer satisfaction don’t always seem to have a lot to do with one another. For businesses, budgeting is generally an inward-looking exercise, concerned with things like employee compensation, profits and losses, and operational expenses. Customer service, on the other hand, is of course an outward-looking exercise. Customer service…

In our e-book, Best Practices for Budgeting, Planning, and Forecasting, we go over each aspect of creating a successful budgeting or forecasting process, from understanding why we budget in the first place to transforming the once-a-year budgeting process into corporate performance management. We also discuss the three elements of a…