For as long as most of us in Finance can remember, every year each company goes through its annual Budget cycle. Its as regular as clockwork, its ingrained in all of us to do it. But have you ever stopped, taken a step back, and asked why we do it this way?
balance sheet, P&L, Cash flow forecasts
A set of accounts has three inter dependant controls change one and it impacts another, take an entry on the profit & loss, this will change the balance sheet and with a small delay, the cash flow will move too. You can’t move one without impacting at least one of the others. So it makes sense to me, that when you forecast you can see the impact on all three when change happens.
Finance is firmly in the driving seat when it comes to informing and making decisions. When a company is growing fast, it needs good solid information with intelligent insight to inform company decisions. Gone are the days when the whim of a CEO, or board bias drives direction and strategy. So lets look at what makes a great analysis team and how to get there.
For many, budgeting rounds are hellish, with no treats in store. If the mere mention of the 'B' word causes terror then maybe its time to look for another way.
When it comes to getting real benefit from any system, software is only half the story, the other half is delivery. When choosing the right bit of kit to invest in, comparing functionality, reviews and reports all help in the decision making process. But what of the team that build and implement the software? Here are our 5 tips to guide you through getting the perfect delivery.
It has long been said that cash is king and lack of it which brings a company down. So to forecast using just P&L figures restricts the ability to see the impact of one of the key threats to an organisations ability to hit their targets. We take a look at why so many models fail to pull cash into the plan and what you can do to fix this with a few simple steps.
The latest Magic Quadrant for Cloud Financial Planning and Analysis Solutions from Gartner is out, and Adaptive Insights shows it is a winner across the board.
Tags: Adaptive Insights
The CFO Agenda event was held on 9th May and covered a wide range of finance related topics. There was a real buzz, with people getting properly engaged in the sessions.
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This blog post will look at what good financial analysis looks like. seasoned finance people know the value of good analysis, but there is so much which gets in the way of being able to do this well, so here are some steps to take to ensure you get the most out of analysis.
Judgment on how the business is performing is based on a whole heap of parameters. sales, operational and specific KPI's rnd financial data, as well as confidence and other less tangible information. Financial decisions, such as securing loans, acquiring new assets, or issuing stocks and bonds, flow from good analysis, so its not surprising that emphasis on this skill is high, and growing.
We have all seen, or worked with, or even built, a spreadsheet monster. There is a high chance that there is one lurking in your office somewhere. They usually congregate in the Finance department and can often be seen during budgeting. They tend to come out at night, usually with their keeper.