Budgeting & Planning
What does the future of finance look like?
What is the Future of Finance? How is the role of the finance professional changing in a world in which and technology are taking over more and more tasks? Henk Pieter den Boer, Senior Manager at PwC, went deeper into this fascinating subject during an intimate roundtable session at the CCH Tagetik Day in Belgium in September.
Performance Management Budgeting & Planning
The State of Budgeting and Planning Research Report
Budgeting and Planning has become one of the more strategic processes for today’s organizations. However, we found out that most of them are unhappy with their current B&P solution. Read the blog to discover more!
Performance Management Budgeting & Planning
Generic data model at A.S.R with CCH Tagetik
Read this blog to learn how CCH Tagetik has supported a.s.r with the challenges of a generic data model
Performance Management Budgeting & Planning
The Challenges of Creating a Driver-Based Planning System
Read this blog to discover how to identify the most relevant drivers to incorporate into financial, operational, and strategic planning
Performance Management Budgeting & Planning Strategic Planning
With Modern EPM, Integrated Business Planning Is Now a Reality!
Discover how a modern Enterprise Performance Management solution like CCH Tagetik can help you to implement Integrated Business Planning in your company!
Performance Management Budgeting & Planning Strategic Planning
Lessons from the Recent Past: How Technology Can Help Your Company Avoid a Liquidity Crisis
How would a company prevent itself from being so vulnerable during a period of crisis?
Budgeting & Planning Strategic Planning
How can CFOs make their Planning, Budgeting & Forecasting (PBF) process perform better?
Discover how the FSN’s research "The Future of Planning, Budgeting & Forecasting Survey 2017" does not simply highlights the main trends of budgeting, forecasting & planning but also stresses the main expectations of CFOs and the way they envisage to fullfill them.
Performance Management Budgeting & Planning Strategic Planning
Planning Done Right
A Holistic Approach to Budgeting, Planning and Forecasting
Budgeting & Planning Strategic Planning
A Successful Unification of Global and Local
Discover how the group has reduced the number of its applications from seven to one while saving 50% of data processing time.
Performance Management Business Intelligence & Analytics Budgeting & Planning Consolidation & Closing Reporting & Compliance
Has Budgeting in Excel Turned you into Scrooge This Holiday Season?
Research shows budgeting and planning still painful for most companies. Even large enterprises still use spreadsheets for budgeting, with no documented governance or control processes
Performance Management Budgeting & Planning
A Holiday Gift: A Lesson in Budgeting and Planning from Santa
“A proper planning prevents from failure”, Santa says. “If I not perfectly plan my tasks, I could never deliver the toys in time”. That’s why his motto is “An ounce of prevention is worth a pound of cure.”
Performance Management Budgeting & Planning
Fourteen Years Later, No Regrets
When Astaldi implemented CPM software in 2002, the company was taking a huge leap of faith. Read the lessons learned and advantages gained by this early adopter.
Performance Management Business Intelligence & Analytics Budgeting & Planning Disclosure Management Reporting & Compliance
Enterprise Performance Management from C-Suite Future Diaries
What might C-level executives write in their diaries in the future? My crystal ball is crystal clear. Seven years from now in 2023 here are the personal diary entries of the executives of a fictitious corporation reflecting on their experience implementing EPM methods.
Performance Management Business Intelligence & Analytics Budgeting & Planning Disclosure Management Reporting & Compliance
A Circle of Blame for Failure – Part II
Here is a fictitious story. But how true could it be? The long journey to determine who is at fault when your loss unexpectedly doubled each quarter. Lessons Learned.
Performance Management Budgeting & Planning Consolidation & Closing Disclosure Management Reporting & Compliance
A Circle of Blame for Failure - Part I
Here is a fictitious story. But how true could it be? The long journey to determine who is at fault when your loss unexpectedly doubled each quarter.
Performance Management Budgeting & Planning Consolidation & Closing Disclosure Management Reporting & Compliance
Predict the Future with a Rolling Approach to Budgeting, Planning and Forecasting
Benefits of using a flexible budget with rolling forecasts rather than the traditional annual budget
Performance Management Budgeting & Planning
Smart Payroll Planning and Monitoring
A management decision about human resources, new hirings, increases, bonus plans, will have an impact on the current year as well as on all subsequent financial years. Overall, companies can statistically determine where they are heading, but when you break things down, into business units in particular, the answers are less obvious.
Performance Management Business Intelligence & Analytics Budgeting & Planning
The Budget Paradise Part 2
Read the last part of the budget journey and discover how to transform your budget into a Paradise!
The Budget Paradise Part 1
Welcome to the Budget Paradise! The budget journey continues and We will meet heroes of finance that had made it to Paradise.
The Shift to Predictive Accounting – Part II
This blog post will discuss how to close the gap between financial and managerial accounting.
Performance Management Budgeting & Planning
Planning Can Be Complex….and Why Not?
Today’s planning systems are and need to be advanced enough for businesses competing in the digital economy that need the ability to handle complexity, diversity and volume without having to worry that their system might run out of ‘steam’.
Performance Management Budgeting & Planning
The Shift to Predictive Accounting – Part I
Let’s examine the broad landscape of accounting in order to understand the widening gap between what the CFO and accountants report and what internal managers and employee teams want and need.
Performance Management Budgeting & Planning
How Manageable is your Budgeting and Planning Solution?
Read Jan's 20 year expert analysis on Budgeting and Planning solutions for different organizations.
Excel has its place in the budgeting and planning process
Nick Nesbitt explains why it is important to consolidate your planning systems to ensure efficiency and flexibility.
Performance Management Budgeting & Planning
Collaboration – the cornerstone of integrated business planning
Collaboration in business planning is far more than the sum of the parts. The true value of collaboration comes from harvesting the different perspectives, ideas, experience and know-how of functional experts from across the business.
Performance Management Budgeting & Planning
The Budget Purgatory - Part II
Going forward in the journey, we will meet the souls that believed in a better way and suffered through the budget exercise but fell short of Paradise. Follow me...
The Budget Purgatory - Part I
We'll climb the mountain, purge our past sins and purify our budget process.
Budget Season: Excel Turns the Office of Finance into Scrooge
Research Shows Budgeting and Planning Still Painful for Most Companies
Performance Management Budgeting & Planning
Imperial UK Implementation - Week 3
This week we revisited the account hierarchy as the accounts dimension effectively contained elements of other dimensions within them.
Performance Management Budgeting & Planning
The Budget Inferno
A guided tour through the budget set to Dante’s Divine Comedy. We will visit different levels of the Inferno and meet the people that can make the budget such torture.
Imperial UK Implementation - Week 2
Moving forward Imperial UK implementation: struggling with the historical data load process.
Performance Management Budgeting & Planning
Imperial UK Implementation – Days 3-5
Going forward in the implementation we constructed the statistical codes which did not exist in Tagetik and created an upload routine to enable us to populate the statistics. Keep on following.
Imperial UK Implementation – Day 2
Day 2: let's move on with the project and set the product and department dimension and put the elements of the dimensions into meaningful hierarchies.
Imperial UK Implementation – Day 1
Day 1: discussions around dimensions. My normal approach the developing solutions, or working with them is to build a rough outline, try to test and break it and then make the real thing.
Performance Management Budgeting & Planning
Imperial UK Implementation – Day 0
Imperial UK kick off implementation - Day 0: a one day deep-dive session exploring the product. How to cover off the group reporting, budgeting and forecasting cycles.
Performance Management Budgeting & Planning
Challenges for HR Planning & Monitoring
The control and the monitoring of salaries in the P&L are a key point in driving an organization. Indeed in added value the part of salaries is important (in 60 to 90% depending on industry) and it can have a big impact on financial performance if business activities fluctuate.
Performance Management Budgeting & Planning
Get the Most Out of the Balance Sheet
Corporations are managed predominantly on the basis of the income statement. This claim is supported by the fact that target setting for budgets and forecasts is generally done on operating profit (or EBIT or EBITDA, if you like). It is in addition common practice to internally present the balance sheet according external reporting standards such as IFRS. This is not the most intuitive reporting layout; especially not for non-financial colleagues.
Performance Management Budgeting & Planning
Immature Driver Models Undermine Rolling Forecasts in Manufacturing
Learn how rolling forecast and Driver-Based Planning models can deliver tangible business value in your organization.
No Cookie-Cutter Approach to Planning & Forecasting
Tying together financial and operational plans is a directive for many organizations. The reality is most companies are not ready yet.
Following a Different Path – Rolling Forecasts in Manufacturing
Recent economic conditions have elevated interest in rolling forecasts as means of coping with increasing uncertainty and volatility. Proponents believe that a faster and more forward looking process creates value by enabling manufacturers to more effectively respond to change and manage risk.
IBP Has Arrived: Is it Time for Manufacturers to Replace Their CPM Systems?
Traditional CPM applications do not meet the changing needs of complex manufacturing organizations. Integrated Business Planning applications close the gap to integrate CPM with Sales and Operations Planning applications.
Balance Sheet Budgeting & Planning for Banks
The Budgeting process for Banks is quite different from most industries. The focus begins with the Balance Sheet, and the reflection of the instruments already generating revenue and cash flows, at various rates and maturity dates. This then serves as the basis of the budget going forward as new volumes are forecasted.
Budgeting & Planning Financial Services
Budgeting for Success
Business changes so frequently that the annualized budget gets out of date pretty quickly. Moving to a more frequent budgeting cycle is an important step. Having quarterly, rolling budgets would allow organizations to react to changing conditions and appropriate resources accordingly.
Product Tips: Tracking the Evolution of a Budget from start to finish
The budget cycle is often like the old game ‘telephone’ - you start at one point, but what comes out the other end is completely different.
For better or worse, Excel is still the number one tool for planning
A recent survey by BARC Research (The Planning Survey, March 2014) found that Excel remains the most widely used planning tool. When asked “Which solutions do you use for planning and budgeting in your company?”, a whopping 86% of respondents chose Excel.
What should be “Integrated” in Integrated Business Planning (IBP)
Integrated Business Planning (IBP) is a topic that is dominating discussion among supply chain professionals – particularly those that seek to make Sales and Operations Planning (S&OP) more financially focused.
Budgeting, Planning & Forecasting: “If you don’t ask, you don’t get”
As hard as it is for me to believe, I have been around Budgeting, Planning & Forecasting (BP&F) software as a user, vendor or analyst for more than 20 years. And some days I think I’m in a time warp. There’s still a lot of talk about replacement of spreadsheets being the primary value-driver for BP&F solutions. Its time to move past this, it understates the value to the business, almost relegating BP&F products to commodity status, which is far from the case.