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Planning vs Forecasting: Four Key Differences

Jet Global

Many people use terms like “planning,” “forecasting,” “budgeting,” and “financial projection” somewhat interchangeably. When it comes to a plan vs forecast in particular, the line can be blurry. Let’s look at four key features that distinguish financial planning from forecasting: 1. Access Resource Now.

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Navigating Banking and Insurance With Longview Tax

Jet Global

To stay afloat during these turbulent times, it is important to maintain confidence in your data and effectively and efficiently respond to ongoing audits. The same report finds that 37% of businesses think a lack of a sustainable plan for data and technology is the biggest barrier to achieving their tax and finance function’s vision.

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How IBM and AWS are partnering to deliver the promise of AI for business

IBM Big Data Hub

In today’s digital age where data stands as a prized asset, generative AI serves as the transformative tool to mine its potential. Businesses globally recognize the power of generative AI and are eager to harness data and AI for unmatched growth, sustainable operations, streamlining and pioneering innovation.

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11 Financial Model Examples & Templates for 2021

Jet Global

Financial models offer data-driven, quantitative analysis that tells you where your company stands and where it’s heading. Executives typically use financial models to make decisions regarding: Budgeting and forecasting. Financial modeling is what gives you the insights you need to make data-driven decisions for your company.

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Leveraging the Benefits of Sales and Operations Planning

Jet Global

The latter is responsible for forecasting sales, then maximizing revenue and margins; the former must see to it that the supply chain operates as efficiently as possible. Instead of developing forecasts that focus solely on demand, the company might look at the bigger picture. Sales Forecasting. Access Resource.

Sales 97
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Planning for the Unknown: Why Integration is the Key to FP&A Today

Jet Global

It calls for a fixed annual budget with rigid forecasts and sales targets, well-defined capital investment and cash flow plans, and very little variation. As we re-examine and reinvent those processes, the need for more effective financial forecasting methods and financial forecasting tools is clearer than ever.

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Examining the Skills Most in Demand by Tax Teams: The Merger of Tech and Finance

Jet Global

Greater scrutiny of multinational organizations’ tax arrangements following the pandemic will be driven by governments’ ambition to gather optimum tax dollars to pay for higher levels of borrowing. International tax regimes are also undergoing significant change, driven by the need for more transparency and accountability.

Finance 52