by johnflorio | Feb 13, 2023 | Budgeting, Business Analytics, Business Intelligence (BI), Data Analysis, Data Management, General BI and Data Management, Ms Excel, OLAP, PowerExcel, Reporting, Software
Abraham Lincoln has a famous quote, “If I had six hours to chop down a tree, I’d spend the first four hours sharpening the axe.” Not many of us enjoy taking part in the budgeting process each year. The process is the most tedious and potentially risky task we do to...
by benjaminwann | Feb 7, 2023 | Budgeting, Finance and Banking, General BI and Data Management
1. The Pains of Bad Budgeting Budgeting for businesses is absurd, and everyone knows it. The amount of time budgeting takes, forcing executives, directors, and managers into endless meetings and tense negotiations is mind-numbing. Budgeting incites managers to...
by jackguarneri | Jan 24, 2023 | Budgeting, Finance and Banking, General BI and Data Management
Not all firms budget, but nearly all that do use Excel. This is true for firms of all sizes, across all industries, and around the world. Among those firms that do budget, even staff who have relatively few numbers to contribute—in contrast to Finance professionals...
by dfernandes | Jan 23, 2023 | Budgeting, Business Analytics, Business Intelligence (BI), Data Management, General BI and Data Management
More than ever, CFOs are expected to look at past and present performance to formulate dynamic future growth strategies that will guide a company through the competitive landscape. They must consider revenue targets; gross margin goals; keeping costs down while...
by sazmoodley | Feb 11, 2020 | Budgeting, Business Intelligence (BI), Data Analysis, General BI and Data Management, Ms Excel
The budgeting and forecasting process for most organizations is long and tedious and occurs on an annual basis, at least. Companies try to do it more often to improve accuracy and aim to ultimately implement a procedure for continuous planning, rolling forecasts,...
by sazmoodley | Feb 7, 2020 | Budgeting, Data Analysis, Finance and Banking, Ms Excel
How 2 Persistent Conditions Define Budget Planning in ERPs There are 2 remarkably persistent conditions in the world of Finance Technology that concern budgeting and ERPs. It’s surprising, because the complexities that Finance departments must address have increased...
