We all know how important having a good sales forecast is. It helps managers predict short and long-term company performance, and therefore also helps with things such as resource allocation (amongst other important items). However, if sales forecasts are prepared improperly or are inaccurate/missing information, they are more likely to…

Do you find yourself spending hours during the budgeting process simply designing the budget? Have you ever received an Excel worksheet you needed to update with your budget information and then found yourself feeling frustrated and confused trying to decipher formulas, keep track of which cell was referring to which…

Financial process automation can save businesses time and money, yet many CFOs are reluctant to embrace it. There are many directions financial process automation can take — employee expense automation, accounts payable automation, accounts receivable automation, automating the budgeting and forecasting process, and beyond. The result can be less time…

Microsoft Excel can be a great tool for business budgeting, there’s no doubt about it. But it does have its limitations. One of those limitations is the lack of workflow tools, which are crucial to your business budgeting process. A good corporate budget process needs controls: a workflow management system,…

Make Sure Your Strategic Planning and Budget are Aligned Every business needs a budget, right? But how do you know if your budget is right for your business? For most organizations, it is not enough to simply track all of its expenses and revenue. For your business budget (and your…

Times they are a changin’. Your financial numbers should be changing too. In these changing times, businesses need to be more agile and make decisions based on updated information – and this is especially true when it comes to your business forecasting. We all know it to be true: you…