October 6, 2015
A Financial Planning and Analysis Tool to Challenge Your Budgeting & Forecasting Woes
Posted by Aaron Hernandez
Don’t wait for the end of the year to exercise your plan of action, now is the time to ditch your rusty annual budget drill and give your company a year-end check in to discover more effective budgeting processes. If you’re a CFO still utilizing spreadsheets and Excel templates with numerous rows and complex pivot tables, now is the time to make big changes to move your company forward and brighten its forecast.
Big Data has fully emerged and expectations have increased for finance organizations. Real-time budgeting, performance management, and financial planning and analysis are among the few key capabilities that businesses value when it comes to operation and making strategic decisions.
One popular step to ditching your old routine is to build a real-time forecasting system to help drive your decisions and produce a living document that can be shared via the cloud. The recent Forbes article, “Adaptive Insights Sucks Up $75M to End Excel Woes”, highlights the cloud solution software’s big investment to empower finance, sales, and other business leaders with readily actionable insights.
By integrating an all-in-one budgeting and forecasting system such as Adaptive Insights, financial officers will reduce the time they spend as accountants and increase time spent as executives engaged in strategic planning. Once you break away from annual budgeting, each department of your company will begin to feel the impact and deliver actionable results that will change how your business addresses financial planning and analysis.
Learn more about all-in-one financial planning and analysis and how to utilize a financial planning software to empower your team.
Aaron Hernandez is a payroll consultant on the HR Solutions team. Based in the El Segundo office, he has over 15 years of payroll and accounting experience in a range of industries, including advertising and retail sales.