We all know how important having a good sales forecast is. It helps managers predict short and long-term company performance, and therefore also helps with things such as resource allocation (amongst other important items). However, if sales forecasts are prepared improperly or are inaccurate/missing information, they are more likely to…

Sales forecasting can be complicated, but it is invaluable. Good forecasts allow you to make more informed business decisions in regards to things like resource allocation or planning cash flow. However, in order to reap the benefits of a good sales forecast, it needs to be accurate. Here are some…

Are you making decisions today based on last week’s information? Many people are overloaded with information during the budgeting process – sales and revenue data, compensation and CapEx planning, project, expense and profitability information, and much more. And, for many, this data comes in various Excel spreadsheets, from multiple sources,…

Financial process automation can save businesses time and money, yet many CFOs are reluctant to embrace it. There are many directions financial process automation can take — employee expense automation, accounts payable automation, accounts receivable automation, automating the budgeting and forecasting process, and beyond. The result can be less time…

Rolling forecasts have risen greatly in popularity, and for good reason. Today’s businesses are dealing with a different world — it is fast-paced, interconnected, and more competitive than ever. This can pose a challenge for any CFO. Finance teams must process huge amounts of data and forecast (or often reforecast)…

When you decide to invest in a budgeting tool for your business, you want to make sure that you are getting the best tool for your organization. There can be so many variables to consider when picking a budgeting tool that it can be overwhelming. That is why we put…

Sales forecasting can be one of the most complicated business practices to master, but its rewards are invaluable. Good sales forecasting allows you to make better informed decisions on future resource allocation, identify potential prospects or challenges, avoid unexpected cash flow problems, and much more. But the benefit of sales…