This blog post is from our partner, TGO Consulting in their series, The Changing Role of Finance. It was written by Grantley Smith, Solution Advisor from TGO. Back when I was doing actual accounting every day, I remember dreading budget season. It is like the opposite of Christmas – you…

The following article is from guest blogger, Gary Cokins. Managers are increasingly shifting from reacting to after-the-fact reported outcomes to anticipating the future with predictive analysis and proactively making adjustments with better decisions. Despite some advances in the application of new costing techniques such as activity-based costing, are management accountants…

So you’ve worked long and hard to complete an Excel workbook. You have gathered input from multiple sources, incorporated changes from high-level management and finally, you have arrived at the final version. Hooray! But wait! Someone in your company missed the deadline on their changes and decided to access the…

The following article is from guest blogger, Gary Cokins. Please forgive me for my persistent rant and criticism against accountants who continue to calculate the substantial and growing high indirect and shared costs originating from resource expenses such as salaries, supplies, power, information technologies, and travel. I cannot seem to…

The Sage Summit 2014 has been a whirlwind of a week! From keynote presentations to product demonstrations, the amount of learning that has occurred in such a short period of time is outstanding. Aside from our own learning, attendees at the Sage Summit have also educated themselves on how True…

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 following article is from guest blogger, Gary Cokins. There is a widening gap between what the CFO and accountants report and what internal managers and employee teams want. This does not mean that information produced by the accountants is of little value. In the last few decades, management accountants…

In a few short weeks, the Sage Summit 2014 will have the True Sky team shouting Vegas Baby! Held in the beautiful Mandalay Bay Resort, this year’s Sage Summit will feature some high-profile speakers such as actress and entrepreneur Jessica Alba and NBA basketball legend Earvin “Magic” Johnson. Whether you are…

The following article is from guest blogger, Gary Cokins. Can you imagine accountants as American cowboys of the Wild, Wild West in the 1800s? I can. And they can be dangerous. Yeehaw! Yippee-i-o-i-a! In place of guns in their belt holsters the cowboy accountant may be carrying a smartphone. Their…

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…