• Budgeting, planning, and forecasting in today’s volatile business environment is a challenging task.  Trying to manage these processes using spreadsheets in a dynamic and growing enterprise makes the process even harder. 

    Organizations that adopt packaged applications for these tasks are able to streamline FP&A processes and improve accuracy.  But a recent survey and report by Aberdeen Research found that organizations that adopt cloud-based FP&A applications are able to achieve even more gains than those using on-premises applications.

    Download the Research Report

    Posted by on November 15, 2016
    Topics: Planning
  • In many organizations, the accounting and finance departments are still trying to process the news about upcoming changes to the revenue recognition guidelines announced by the FASB and IASB earlier this year.

    Of all the metrics used by investors to evaluate the performance of a business, revenue is perhaps the most important. Yet the revenue recognition guidelines under IFRS were different from those under US GAAP, a problem which needed to be addressed. The new guidelines are based on cooperation between the IASB and the FASB. The result was ASC 606 and IFRS 15, issued in May 2014 and

    Posted by on October 13, 2016
    Topics: Planning
  • Today, planning a corporate budget is more challenging than ever, as there is greater pressure on business than ever before.

    With the fluctuating market, increased regulations, fickle consumers, and rapidly changing business models, managing business finances can present a lot of difficulties. In a recent webinar, The CFO Playbook on Budgeting: How CFOs Can Make Their Budgets More Effective, three panelists sat down to discuss the difficulties with budgeting, while providing tips to make budgets more effective.

    Watch the Webinar Replay

    Why Is Budgeting Such a

    Posted by on September 28, 2016
    Topics: Planning
  • It’s that time of year – when leaves turn their fall colors, kids are back in school, and of course, budgeting season ramps up.

    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

    Posted by on September 27, 2016
    Topics: Planning
  • From what I'm hearing, Financial Planning & Analysis (FP&A) is becoming the "cool" department within Finance that many professionals seek to work in.  Why?  Probably because FP&A is less focused on the day to day transaction processing and more focused on forward-looking analysis and strategy for the business.  

    I recently had a chance to connect with Nilly Essaides, the Director and Practice Lead, Financial Planning & Analysis (FP&A) at the Association for Financial Professionals.  Here's what she had to say about what's new and what's coming in FP&A.

    John:  Please tell us about the AFP

    Posted by on September 13, 2016
    Topics: Planning
  • Financial agility is becoming a necessity in the business world, as the world of business continues to evolve and become even more dynamic.

    Today, there is rarely an aspect to business that isn't constantly fluctuating, evolving, and adapting to trends. Business tends to be one giant set of variables, and consistency is a rarity.

    It's on account of all these economic and industry variables that Finance teams require a high degree of agility. Whether the cost of oil is increasing or the demand for products is on the decline, Finance teams need to be able to respond immediately to ensure their

    Posted by on August 31, 2016
    Topics: Planning