A recent survey by CFO Research, sponsored by Host Analytics, found that while more than half — 54 percent — of respondents still use spreadsheets/email for their budgeting process, only 6 percent are “very satisfied” with their current system.
If you’re one of them, it means your Halloween season is filled with spreadsheets, email, and manually stitching them all together — a 'Frankenstein' approach to the budgeting process.The survey also showed that more companies are feeling the pressure to provide better tools and technology to support decision-making, 74 percent over the next 12 to 18
It’s mid October. At most companies, planning season is in full swing. Finance is hip deep in budgets. And, for many companies, that means you’re hip deep in Excel spreadsheets, too. Mailing them back and forth. Making new versions. Sync’ing up different versions. Figuring out who’s approved what.
Then trying to tie it all together into a Frankenstein of a budget.
Formulas get over-written. Mistakes get made. Versions get mixed up. Targets get lost. The board and senior execs see the roll-up and then change the targets. So, you need to go back and do it all over again. And in
What trusted sources do Finance and IT executives rely on for vendor product evaluations? The answer is typically through their peers; and analysts that specialize in their market segment. Two recent reports released by Gartner, Inc. bring these worlds together in the Critical Capabilities for Cloud Financial Corporate Performance Management Solutions (FCPM); and the Critical Capabilities for Strategic Corporate Performance Management Solutions (SCPM).
And yet, none of this is new. If there’s one unalterable truth about business it’s that change is constant and there will always be new data, new scenarios, and new questions to answer. In an ever-changing corporate world, finance teams have become the first responders. Few are ready to meet the very real demands of that role today, and it's only going to
It can mean using a new application to streamline financial planning and reporting to allow time for more strategic work. It can also mean realigning the Finance organization to better meet the organization’s needs.
Being in the business, we’re always hearing about Finance transformation and how people are trying to make changes to the Finance function within their own organizations. That’s why we decided to do this webinar.
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Are you spending a lot of time wrestling with data collection and not enough time with analysis? Is your company hitting limitations with its current budgeting and planning software tool? The crunch of budgeting season always puts these software tools to the test and makes shortcomings more visible.
If you answered yes to either, or both, of those questions, you’re not alone. The crunch of budgeting season always puts these software tools to the test and makes