Budgeting is not solely a financial exercise; it’s a strategic process that requires collaboration and alignment across departments. However, traditional budgeting approaches often create silos, hindering communication and teamwork within organizations. In this blog post, we’ll explore the concept of collaborative budgeting, its benefits, and how it fosters teamwork and…

In the realm of enterprise budgeting, the need for evolution has never been more pronounced. While Microsoft Excel has been a stalwart companion, its shortcomings in scalability, collaboration, automation, security, and analytics underscore the imperative for change. Here are five compelling reasons why enterprises must transcend Excel and embrace the…

In the ever-evolving world of finance, senior leaders face the formidable task of preparing businesses for the unexpected. With economic landscapes experiencing unprecedented shifts, it’s crucial for finance professionals to not only adapt but to master the art of budgeting and forecasting in uncertain times. Embracing the Challenge  Preparing for…

Budgeting is a critical aspect of financial management for businesses, providing a roadmap for allocating resources, setting goals, and driving performance. However, despite its importance, many businesses often fall prey to common budgeting mistakes that can hinder their financial success. In this blog post, we’ll identify some of the most…

Budgeting is a critical aspect of financial management for any organization, and this rings especially true for food and beverage companies. The complexity of this industry, with fluctuating costs, seasonal demand, and evolving consumer preferences, demands a robust and tailored budgeting solution. True Sky budgeting software offers five compelling reasons…

Non-profit organizations play a crucial role in addressing social, environmental, and community needs. To maximize their impact, these organizations must efficiently manage their finances, streamline operations, and maintain transparency. True Sky is a powerful financial performance management solution that can transform the way nonprofit organizations operate. In this blog post,…

True Sky Version 2023 is now available!  This version includes improvements for end users, administrators, and template designers – see below for some specific examples. If you’re interested in learning more, please reach out to someone on the True Sky team or info@truesky.com. End Users “Toast” notification to provide information…

True Sky is a robust Corporate Performance Management solution that is very powerful for companies in the healthcare industry. Here are five of the top reasons you should consider moving your budgeting and reporting processes to True Sky. #1 Integration True Sky integrates seamlessly with your ERP, payroll solution, inventory…

Many Sage customers have relied on Sage Budgeting and Planning, or Active Planner, to manage their budgeting, planning and forecasting process. With the news of its retirement, customers must look for a new solution that not only meets their current needs but can also grow with the organization. Here are…

You’re in the majority if your company uses Excel to manage the budgeting process. Gartner studies have found that 60-80% of companies of all sizes use Excel as their primary budgeting tool. It really is no surprise – Excel is one of the most powerful tools in the CFO’s toolbox….