Phocas

MAY 23, 2023

One successful technique is Scenario Planning, a method that helps finance and other team members review multiple scenarios to determine how internal shifts and changing market conditions may impact the bottom line. Scenario planning is a critical aspect of the budgeting and forecasting process.

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Forecasting Finance Marketing 130

Jedox

OCTOBER 24, 2019

A high-quality business forecast delivers far more than just numbers. Finance professionals regularly try to look in their crystal ball with forecasts and enable the company to have seamless, solid planning. For this to succeed, your forecast must be of high quality. Though other forecasting strategies are also possible.)

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Forecasting Finance Risk Sales 64

Jedox

FEBRUARY 11, 2021

However, forecasting or predicting how much your customers want to buy or how well a business would perform in the future was much more difficult to achieve way back then. But what about forecasting? As CRM has evolved, many vendors included sales forecasting functionalities in their tools. Let your CRM work its magic.

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Forecasting Sales Finance Management 117

Phocas

APRIL 21, 2022

Are your forecasts as close to reality as possible – or are they missing the mark?

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Forecasting Reporting Finance 130

Phocas

FEBRUARY 15, 2023

The finance team needs to get the actual numbers from the ERP, manually add them to the budget figures in spreadsheets and then run formulas for comparison. Often business people don’t realise there is an issue for weeks because viewing budget vs actual numbers can involve a lot of manual work - so it’s put in the too hard basket.

Forecasting 130

Forecasting IT Finance 130

Jedox

JULY 30, 2020

Rolling forecasts are a specific type of financial forecasting that use existing data to help predict aspects of business performance throughout the year. In this blog post, we explain what’s unique about this type of forecasting, how it works and why more and more companies are opting for rolling forecasts.

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Forecasting Finance Optimization Marketing 89

Jet Global

DECEMBER 30, 2021

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.

Forecasting 98

Forecasting Data-driven Enterprise Recreation/Entertainment 98

Jedox

MAY 17, 2022

What Predictive Analytics Cannot Forecast. Predictive Analytics Example in Finance. From the opening of Lloyd’s Coffee House in 1686, financial services professionals have been attempting to forecast what’s going to happen next. Visual forecasting , which is a polite way of saying get out a ruler and draw lines on paper.

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Predictive Analytics Analytics Finance Forecasting 81

Smart Data Collective

NOVEMBER 22, 2021

Securing financing is a huge example. Data analytics technology is helping more companies get the financing that they need for a variety of purposes. One of the most important benefits of big data involves getting financing for new equipment. The Growing Importance of Using Big Data to Finance New Equipment.

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Data Analytics Finance Analytics Big Data 103

Jet Global

NOVEMBER 16, 2020

Rapid advances in technology are helping to transform the way organizations carry out scenario planning, allowing them to adapt a continuous planning mindset to other areas of finance, such as tax. Learn how to enable complex planning and forecasting processes. Understand how to reduce tax errors and improve productivity.

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Forecasting Finance Snapshot Software 98

Jet Global

JULY 30, 2020

Excel has such a long history in business accounting and corporate finance that it has inevitably become the butt of some easy jokes. In many cases, you can improve the value Excel offers your budgeting and forecasting activities just by taking time to learn some of its nuances.

Forecasting 91

Forecasting Finance Data-driven Enterprise 91

Jet Global

JULY 29, 2022

Finance leaders are facing the most turbulent trading conditions for more than a generation. Forecasting business performance has never been so challenging. . Yet, even in these extreme circumstances, there are organisations that forecast much more dependably than their contemporaries. .

Forecasting 52

Forecasting Finance Analytics Software 52

Jet Global

MAY 20, 2020

Now more than ever, Finance teams need to stay agile and adapt to rapidly changing business conditions. Join our free webinar on May 28 to learn how you can: Extend planning and reporting beyond finance. Join our free webinar on May 28 to learn how you can: Extend planning and reporting beyond finance. Register Now.

Finance 98

Finance Forecasting Reporting Modeling 98

Jedox

OCTOBER 14, 2021

Ask finance and accounting professionals if they would like to do more value adding work and you’ll hear a re-sounding “YES!” This is like a chronic disease of the finance function but unlike most chronical diseases this one has a cure! Why are you in Finance? ″ we need time. ″ we need time. Time & Energy.

Finance 104

Finance Optimization Forecasting Management 104

The Unofficial Google Data Science Blog

DECEMBER 4, 2019

ln this post he describes where and how having “humans in the loop” in forecasting makes sense, and reflects on past failures and successes that have led him to this perspective. Our team does a lot of forecasting. It also owns Google’s internal time series forecasting platform described in an earlier blog post.

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Forecasting Data Science Data-driven Statistics 113

Jet Global

JULY 31, 2022

Recent global crises have permanently changed the face of finance. In the wake of these changes, the finance function has transitioned to a more forward-looking approach as well. Tangibly, this means more planning, more accurate and deeper forecasting, and more strategic decision-making based on real-time reporting.

Finance 52

Finance Forecasting Operational Reporting Reporting 52

Jet Global

MAY 25, 2023

Wands for Oracle Tips & Tricks: Save Time with Quick and Easy Reconciliation Download Now Better Insights from More Accurate Data During the discussion, we touched on which metrics finance leaders should be focusing on and how they can inform strategic decision making. Reporting tools allow them to make more accurate predictions. “The

Finance 52

Finance Technology Reporting Enterprise 52

Jet Global

FEBRUARY 28, 2022

Most operational reports are created for the finance and accounting departments, but other departments also require operational reports on a recurring basis, including sales, customer service, human resources, and marketing, to name a few. Finance Teams Create Recurring Operational Reports Frequently. Microsoft Power BI.

Finance 98

Finance Operational Reporting Reporting Data Warehouse 98

Jet Global

MAY 1, 2020

Analytics in the finance function has been top of mind for CFOs for many years. A newly released FSN survey, “The Future of Analytics in the Finance Function” makes the point. A newly released FSN survey, “The Future of Analytics in the Finance Function” makes the point. Helpfully, the research sheds light on this too.

Finance 78

Finance Analytics Data-driven Predictive Analytics 78

Jet Global

JULY 16, 2021

The results of the FSN’s Agility in Planning, Budgeting, and Forecasting (PBF) Survey 2021 analyzes the performance and agility of the PBF processes across over 500 organizations. They show that, on the whole, we forecast more quickly than we did four years ago, but that forecast accuracy has deteriorated. Enable cookies.

Forecasting 52

Forecasting Recreation/Entertainment Enterprise Data Warehouse 52

Jet Global

SEPTEMBER 22, 2021

Financial Forecast vs. Projection In a Nutshell : Projections outline financial outcomes based on what might possibly happen, whereas forecasts describe financial outcomes based on what you expect actually will happen, given current conditions, plans, and intentions. Financial Forecasts vs. Projections.

Forecasting 52

Forecasting Enterprise Recreation/Entertainment Finance 52

Jet Global

OCTOBER 8, 2020

Covid-19 has had a hugely disruptive impact on operational finance. The term ‘operational finance’ encapsulates the critical activities associated with order to cash, procure to pay, fixed assets, close, consolidation, and reporting. Invariably, these activities have seen added stress in 2020.

Finance 98

Finance Data-driven Forecasting Reporting 98

Jet Global

JANUARY 31, 2022

In most companies, planning, budgeting, and forecasting processes are fairly well-established, but just because you’ve always done things a certain way doesn’t mean you can’t improve them. Driver-Based Budgeting and Planning: A Guide for Finance Teams. Monitor, Forecast, and Adjust. Start With Strategic Goals. Access Resource.

Forecasting 52

Forecasting Finance Software Analytics 52

Jedox

AUGUST 13, 2020

In our last post, “ Rolling Forecasts: The Pros and Cons ,” we looked at why rolling forecasts are used, when it makes sense to use them, and for whom. In our third and last post in this series, we give five tips for a successful implementation of rolling forecasts in your organization’s FP&A processes. .

Forecasting 52

Forecasting Data Collection Risk Software 52

Jedox

MAY 9, 2022

There are glittering promises and lofty expectations of artificial intelligence (AI), yet misconceptions abound regarding its potential impact on the office of finance. Fear of change, specifically technological change, can also inhibit the adoption of artificial intelligence in finance organizations.

Finance 52

Finance Data-driven Risk Forecasting 52

Jet Global

MAY 11, 2021

. – May 11, 2021 – In the early days of the pandemic, cash flow management took center stage for many businesses and risk management continues to be a priority this year as business leaders depend more than ever on finance teams for decision-making support. Finance Team’s Role & Challenges. Two-Year Priorities.

Finance 98

Finance Technology Forecasting Enterprise 98

Jet Global

OCTOBER 14, 2022

Gone are the days of finance sitting comfortably in the back seat. Here, we discuss three ways finance teams can cope with constant changes to the supply chain. Here, we discuss three ways finance teams can cope with constant changes to the supply chain. Inability to properly budget and forecast. Break Down Silos.

Finance 52

Finance Reporting Operational Reporting Forecasting 52

Jet Global

FEBRUARY 2, 2022

Forward-looking financial documents may include budgets, projections, forecasts, and pro forma financials. In a recent post , we covered the fundamental distinctions between forecasts and projections. Budgeting and forecasting, likewise, are somewhat different. What is a Forecast? So What Exactly is “Budget Forecasting”?

Forecasting 52

Forecasting IT Recreation/Entertainment Enterprise 52

KDnuggets

JANUARY 9, 2020

Time series analysis will be the best tool for forecasting the trend or even future. So let us understand this concept in great detail and use a machine learning technique to forecast stocks. The trend chart will provide adequate guidance for the investor.

Forecasting 88

Forecasting Machine Learning Marketing Finance 88

Jet Global

JULY 20, 2021

The results of the recent FSN’s Agility in Planning, Budgeting, and Forecasting (PBF) Survey 2021 clearly shows how implementing rolling forecasts helps organizations to improve both forecast speed and accuracy. However, rolling forecasts are not something you can create and manage in spreadsheets.

Forecasting 52

Forecasting Recreation/Entertainment Enterprise Data Warehouse 52

Jet Global

AUGUST 12, 2022

As the strategic role of finance teams continues to evolve, the Office of the CFO faces many new responsibilities. Resource allocation, however, does not always grow in tandem with those responsibilities, leading to scalability challenges for finance teams tasked with doing more with fewer resources. Here’s what the research revealed.

Finance 52

Finance Reporting Enterprise Analytics 52

IBM Big Data Hub

APRIL 19, 2023

Through the formation of this group, the Assessment Services division discovered multiple enterprise resource planning instances and payroll systems, a lack of standard reporting, and siloed budgeting and forecasting processes residing within a labyrinth of spreadsheets. It was chaotic.

Data Warehouse 91

Data Warehouse Technology Forecasting Analytics 91

Alation

OCTOBER 26, 2021

Because of the criticality of the data they deal with, we think that finance teams should lead the enterprise adoption of data and analytics solutions. And while some might see finance as the most conservative department in an enterprise, we believe that they can become innovators, driving how their business consumes and uses data.

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Data Transformation Finance Enterprise Data-driven 52

Jet Global

NOVEMBER 8, 2021

As businesses struggle to keep up with the pace of change, finance teams have an opportunity to play a leading role in developing and maintaining a positive trajectory for their businesses. Finance transformation is ultimately about competitive advantage. What Exactly Is “Finance Transformation” Anyway?

Finance 52

Finance Predictive Analytics Analytics Data-driven 52

Jet Global

DECEMBER 2, 2022

Disruption is the name of the game, and for finance leaders to stay competitive in this turbulent new era, they’ll need a clear vision for how to move forward. For instance, organizations may direct more budget toward planning and forecasting as a recession becomes more probable. Enable cookies. Still experiencing an issue?

Finance 52

Finance Forecasting Analytics Reporting 52

Jet Global

JULY 2, 2021

FSN’s most recent research, “Agility in Planning, Budgeting and Forecasting” , confirms and quantifies the compelling advantages of modernizing and digitizing the planning, budgeting, and forecasting process. In a nutshell, transformation leaders forecast more quickly and accurately and further out on the time horizon.

Forecasting 59

Forecasting Recreation/Entertainment Finance Enterprise 59

Jet Global

OCTOBER 18, 2021

The “What” and “Why” of Demand Planning and Forecasting. To allocate assets effectively and operate more efficiently, supply chain managers have turned to the science of demand planning and forecasting. Demand forecasting is about predicting potential spikes or troughs in demand. Successful Demand Planning and Forecasting.

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Forecasting Enterprise Finance Recreation/Entertainment 52