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Blogs posted by Stephanie

True Sky

Five Signs You’ve Outgrown Excel for Budgeting

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….

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True Sky

Sage Budgeting and Planning: Transition to True Sky

Sage recently announced that Sage Budgeting & Planning is being retired in 2021. Going forward, Sage partners and customers need a robust solution for their budgeting, planning, and forecasting needs. True Sky has full integrations to Sage 100, 300, X3, 500, and Intacct. Existing Sage Budgeting and Planning Customer? Click…

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True Sky

Why Reforecast?

Let’s face it – very few people actually like to budget or forecast. So, reforecasting may seem like a daunting task. Why do organizations reforecast? Here are some things to consider: Alignment of Your Business Especially in today’s turbulent economy, businesses change so quickly that forecasts created previously aren’t always…

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Elements Affecting the Forecast Quality: Process

If you’ve been following along with our blogs, you’ll know the importance of people and data on the quality of your forecast. Equally as important is the process – how does the forecast get created? What systems are you using? Is your forecasting tool user friendly and does it give…

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True Sky

Elements Affecting the Forecast Quality: Data

Forecasting is important to the business, but the forecast itself relies on high-quality data. When determining the data to use in the forecast, the following factors must be considered: Detail: How much detail are you putting in to your forecast? Keep in mind, more detail is not always better. If…

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True Sky

Elements Affecting the Forecast Quality: People

The team involved in the forecasting process has a huge role to play in the quality of your forecast. Consider the following when planning for your forecast: Involvement: Who are you involving in the forecasting process, and how well do they know the data you are asking them to forecast…

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True Sky

Elements Affecting the Forecast Quality

A forecast is an important tool for businesses to understand what their business will look like in the near and far term. Creating a forecast is important but relies on the quality and accuracy of the data within it. Three elements affect the quality of the forecast. People: who you…

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True Sky

Why Forecast?

Why do we forecast? A forecast is an important part of your business plans. But why? For most organizations, there are four major reasons to forecast: Financial Predictability A budget helps an organization more accurately plan for the future and understand what the organization might look like in the near…

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True Sky

True Sky to Exhibit at CPA The ONE Conference 2020

While we’re sad to not be exhibiting in person this year, True Sky is pleased to again be sponsoring CPA Canada’s The ONE National Conference for 2020. The conference runs online for two days next week (September 17 and 18). Be sure to stop by our virtual booth to learn…

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True Sky

True Sky Launches Seamless Integration with Sage Intacct

July 6, 2020   TORONTO, ONTARIO – True Sky, corporate performance management software that simplifies the budgeting, planning and forecasting process, continues to develop a strong relationship with Sage by announcing a certified integration to Sage Intacct.   This integration is the third that True Sky has launched with Sage…

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