Before implementing a budgeting solution, you need to make sure your users know why they are budgeting. What is the goal? Make sure they know they are not budgeting just for the sake of it. This ties into having a strong strategic vision for the business. Say that you want…
Read More
You know budgeting is important and you know forecasting is equally so. At its most basic, a rolling forecast helps you stay on track and give you an idea of how you are tracking towards your goals. But more than that, it can help you anticipate industry trends, navigate challenges,…
Read MoreDid you know that Excel is used in approximately 75% of companies’ budgeting processes? There is no doubt that it is a powerful tool and that spreadsheets can be used for budgeting, but Excel was not designed specifically for this. It is missing some key controls, which end up making…
Read MoreEvery company, regardless of industry or size, needs to have a corporate budget. Although it may not be the most enjoyable process, it is a necessary one. Since most companies only do annual budgeting, and the contributors to the budget likely forget year to year the issues they experienced when…
Read MoreNow that we’re a full month into 2019 already, it is an ideal time to take a critical look at your business processes and evaluate what is working well, and what isn’t. The budgeting process is one of the most critical, so it better be good! If you’re worried it…
Read MoreFinancial 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…
Read MoreThe annual CPA The ONE Conference is almost here! We will be in Halifax on October 1 and 2, 2018 for the big event. True Sky has a booth and a breakfast session, where we will be talking all about corporate budgeting. Come to our early bird session on Tuesday,…
Read MoreWhen 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…
Read MoreA balanced budget can mean several things. It can have the traditional meaning of balancing your expenses and income so that you do not run a deficit. But it can also mean balancing your time and business resources during the budgeting process. Your budget tells a story about your business…
Read MoreYou already know that you need to sell your products or services to your customers, but did you also know that you need to sell your budget to your team? As we wrote about last week, budget accountability is everyone’s responsibility. Good corporate governance depends on getting your team on…
Read More
