Best practice – Budgeting

Best practice – Budgeting

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The annual budget is an essential business practice and needs to comply with some factors to be carried out to the best.

First of all, it has to be aligned and integrated with the organisation’s sales strategies and plans, as well as to be supported by a dedicated software.

Secondly, it is important to communicate the forecasts measuring KPIs, to automate the calculation of operational and financial data, to  be fully integrated with the associated planning, forecasting and reporting exercises, and to reduce the time needed to complete the process.

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Financial Management – What you need to know about it (Infographic)

Financial Management – What you need to know about it (Infographic)

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To achieve an accurate and complete picture of your business, modern CFO’s are looking at how to improve their financial processes.
Some are still suffering from issues with data integrity, version control and are struggling to retain a truthful version of their data.
To make better business decisions, financial professionals are looking to obtain a unified solution that allows them to trust their data and spend less time correcting human errors.

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Lead your business out of the dark ages

Lead your business out of the dark ages

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For many financial professionals, the task of producing their company’s financial reports is both a painstaking and stressful process. This is often due to outdated systems meaning that the risk of errors is ever looming. In the last few years alone, we have seen how dramatic the effects of spreadsheet errors can be, both in terms of job security and cost to the business; Mouchel and its £4.3 million profits write down fiasco is a prime example.


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Budget – Key Points

Budget – Key Points

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Mitigating the effects of market uncertainty through effective financial forecasting

Mitigating the effects of market uncertainty through effective financial forecasting

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The political climate across the western world is changing. Brexit, Donald Trump’s inauguration and upcoming elections elsewhere in Europe have all led to increased economic volatility. As a result of this, 90 per cent of CFOs now claim the level of uncertainty facing their business is above normal, high or very high
[1]. To effectively manage a fluctuating economic climate, finance teams must look towards the vast amount of data they generate to provide a detailed overview of their financial footing.

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Is Brexit bad for business? How proactive strategic planning can help businesses achieve prosperity

Is Brexit bad for business? How proactive strategic planning can help businesses achieve prosperity

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Simon Read, Managing Director at Talentia Software UK, discusses why both a proactive and strategic approach to decision making are pivotal in times of uncertainty
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