View the on-demand webinar: 'Reporting, Planning, and Consolidating in 20% of the Time'. Register now
View the on-demand webinar: 'Reporting, Planning, and Consolidating in 20% of the Time'. Register now
In the realm of financial analysis, particularly when reviewing business performance for the preceding month, precision, relevance, and swiftness are paramount. As a finance manager, your goal is not only to enrich management discussions with valuable insights but also to execute your role with agility and intelligence. This dual pursuit of effectiveness and efficiency underpins…
Plan to Perform The idea behind the end-to-end (E2E) process concept is to provide a holistic view of business operations, focusing on the complete flow of a specific process from its beginning to its end. This approach aims to enhance efficiency, improve performance, and ensure that every step of the process is aligned with the…
Let’s dive into the similarities and differences between FP&A and EPM.
Creating a financial plan for the upcoming period takes time, and we know that reality changes slightly each month. So, what are some good reasons to invest time in this task?
Budgeting typically involves estimates of income and expenses, as well as expected cash flow and debt position. This process is usually conducted at the start of a new fiscal year, and the budget is then compared monthly to actual financial statements to identify differences and define necessary actions.
A detailed report shows what has happened in the past period, while a rolling forecast ensures that you and your team look forward each month. Rolling forecasts use historical financial data, the latest market developments, and up-to-date insights into opportunities and risks.
Smartbooks supports budgeting based on your business model, making it easy to adjust and recalculate an annual plan. You can also compare an alternative scenario alongside the budget and actual figures. This allows you to keep track monthly of how revenue, costs, and cash are developing as planned.
