Yet, despite that goal, an astounding 57 percent of respondents were still relying on Excel as their primary budgeting approach, even though it provides low agility and accuracy. In the webcast, the panelist dug deep to unearth the best tactics for achieving optimal agility in the planning and forecasting process.
The Biggest Challenges in Budgeting and
In a recent webinar called Best Practices and Techniques for Budgeting and Forecasting, panelists sat down to discuss the best practices enterprises should implement to improve both the accuracy and efficiency of budgeting and forecasting.
How Are Businesses Conducting their Budget Cycles? In the webinar, recent survey data was shared that showed 57 percent of respondents were still relying on Excel for their budgeting, either standalone
The state of the economy has a considerable influence on the finances of businesses. Economic growth, oil prices, exchange rates and interest rates are all critical to planning and forecasting. Finance executives should keep a close watch on economic trends, and make sure your planning processes are adaptable to changing business conditions, so you can change
The annual budget has long been the go-to practice of businesses, but it unfortunately presents a lot of disadvantages, particularly for dynamic businesses that need to be able to alter the budget on a whim.
Rolling forecasts can provide a more versatile addition or alternative to annual budgets,
Traditional spreadsheet-based budgeting and forecasting has numerous limitations and is often prone to error. In a recent webinar sponsored by Host Analytics entitled "Best Practices in Planning and Forecasting," Rick Odom, Senior Manager and FP&A of Welch Allyn, and Ben Tang, Senior Director and FP&A at Host Analytics, weighed in on this very issue.
Planning and Forecasting with Enterprise Performance Mana
A recent whitepaper entitled, "Cloud-Based Modeling Helps Operations to Manage Performance and Plan its Future," delves into the need for advanced modeling capabilities and talks about the ways cloud-based EPM modeling software can facilitate greater accuracy and attention to detail.
Governance and Organization
The cloud enables more accurate and efficient modeling.
While spreadsheets have always been popular for modeling,