Example of an automated statistical forecast

At the core of every business strategy for products and services is to provide optimal management of the supply chain. A leak or inefficiency in the supply chain eats away at the organization’s bottom line. Supply chains are becoming more complex with more variations in products, distribution channels, and material planning. Accurate supply and demand […]

P&l budget estimate comparison variance report

What is Financial Multi-Scenario Planning? With multi-scenario Planning, companies are able to analyze several potential business outcomes and forecast what overall performance would look like with each of these models. What would happen to sales? Employee headcount? Cash flow?¬†   The key drivers of each scenario are identified and modeled out to create a complete […]

financial planning

Precise financial planning is an integral part of every business’s success. It also takes a substantial amount of time and energy from the business’s financial department, especially if the business is dealing with a volatile market. To meet the need for accurate and consistent budgeting, forecasting and financial analysis, large companies have formed specific financial […]

Payroll Forecast

Forecasting is always an essential part of any business, and the workforce is typically the largest expense.¬† Workforce planning includes salaries, commissions, benefits, taxes, retirement, and much more.¬† On average, workforce expenses comprises over 30% of gross sales, but it can be over 50% depending on the industry.¬†¬†Workforce forecasting should always be the top priority […]

liquidityriskanalysis

Nobody likes a budget that is far off target, especially when it could result in a liquidity crisis. Luckily, most companies rarely have to experience such a stressful event. Although, in a turbulent economy where interest rates and stock indexes move up and down like yo-yos and news about corporate layoffs are part of daily […]

blog image for corporate performance management during COVID-19

As we all struggle to adjust to our new reality of social distancing and general economic uncertainty, it seems as if our expectations for the future are changing day-by-day, if not hour-by-hour. It is hard to tell what next week will be like for businesses across the world, much less what next month will look […]

It is easy to predict the future when it is business as usual. However, if your business environment is suddenly impacted by something like the coronavirus, a delayed product launch or an unplanned acquisition, your corporate budget may become obsolete very quickly. How Do I Know it is Time To Replace the Budget with a […]

hybrid cloud

There are around 40,000 Microsoft Dynamics GP customers world-wide and many are not planning to move to the cloud yet. However, if you are one of them, this does not mean that your company can‚Äôt start taking advantage of modern cloud-based reporting solutions today to drive better and faster decisions for yourself and your management […]

sage-intacct

If you have surveyed an audience of mid-market accounting and finance professionals, you almost always find that 90-95% primarily rely on manual budget models in Excel. How is this possible when most enterprise resource planning (ERP) systems, including Sage Intacct, have both basic native ERP budget functionalities? In some cases, they also have specialized add-on […]

The terms¬†Corporate Performance Management (CPM)¬†and Enterprise Performance Management (EPM) are often used interchangeably. These two forms of¬†performance management software help businesses manage their resources and stay on track¬†with their financial goals.¬†Many argue that when you’re running a large organization, you need both EPM and CPM. Some solutions like¬†Solver¬†and¬†Anaplan, combines functionality from both categories into a […]