As a CFO, much of your thinking and decision making is data-driven. The numbers, the statistics, the data – these are the things that influence and inspire your thought processing. Of course that makes sense – at the core of every business, the numbers are what matter. When it comes…

Throughout the decades, organizations have changed the way they do business. At certain points, decentralized operations were popular. At others, centralized operations were seen as the better choice. Today, companies use both methods to manage their operations, from procurement to budgeting. While decentralized budgeting can work well for certain companies,…

Unless you’ve got a crystal ball, revenue forecasting is always going to be an imperfect science. You’re predicting the future, after all. No matter how well you know your business and industry, there are things you won’t be able to foresee – things that can throw off your prediction entirely….

For the past several years, businesses of all types have been deciding to either supplement or replace their annual budgets with rolling forecasts. There are a number of reasons for this. For one, rolling forecasts can offer greater accuracy than an annual budget, which is often out of date within…

When you look at your budget, what do you see? A list of incomes and expenses? A snapshot of your business’s financial health? An account that gives you insight into your business drivers? Ideally, you should be seeing all of those things. But there’s something else, too, that your budget…

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 making decisions about capital expenditures, you want to have as much financial information as you can. These sorts of expenses – for property, industrial equipment, office equipment, and the like – can represent a large percentage of your company’s budget during a particular cycle, and influence…

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…

In manufacturing, having a strong idea of what lies ahead can mean the difference between a good year and a great year. This may be why the manufacturing industry has been relatively quick to embrace the rolling forecasting method of planning, which, when done correctly, can give businesses a more…