This is part 7 of 12 in a blog series on understanding the budgeting risks of your current planning and forecasting process. For the next few weeks, we’ll be posting a new article every Wednesday on budgeting best practices that will look at the challenges of the budgeting process and how to solve them….

Toronto, Canada – July 21st, 2014 – Planning, budgeting and forecasting has now become more powerful and intuitive with the release of True Sky 2014 R2.  True Sky is a powerful and configurable planning, budgeting and forecasting solution designed to meet complex needs of larger organizations.  While other solutions promote…

The whole point of doing a budget is so you can prepare for the future. Don’t forget this! Budget analysis is the process of turning data into information; and it is information that you need to make informed business decisions. The following are key analysis takeaways. Analysis is Strategy not…

A successful budget must bring together three major pillars – people, data and process. Gaps in any of these areas will decrease the accuracy of the final budget numbers. The People This element is pretty self-explanatory – you cannot create a budget without the people! You should always consider the…

Let’s state the obvious, budgeting isn’t sexy, nor is it fun. It’s an ongoing process, and companies need to do it on an annual basis. If you’ve ever stopped to ask yourself, why am I doing this budget report, then this article is for you… 1. “Because we have to” So…

Remembering the basic philosophy of True Sky as Budget in Excel; Manage in SharePoint; Store in SQL Server, let’s walk through the basic process of Budgeting and Forecasting in this tool. Input numbers in Excel   First, a budgeting template is designed in Excel. A template is a multi-use document…

This is our first post to this blog – a blog dedicated to the True Sky Planning, Budgeting and Forecasting solution.  We hope to use this forum to promote learning, sharing and discussions about True Sky.  We will offer tips and tricks, how-to’s and provide a place for friendly discourse…