Over the last few years, the boundaries between different departments within an organization have blurred. Financial processes are no longer limited to the finance department of a company. They have far-reaching implications that affect your organization as a whole. To stay in tune with the ongoing changes, it is important for businesses to transition from…
Financial planning and analysis(FP&A) is a set of intricate processes that help you track, analyze, and improve your business’s financial health. FP&A maturity deals with enhancing each of these processes across multiple facets, including functional skills, leadership, business partnership, collaboration, etc. Over time, the prominence of advanced analytics has increased significantly in FP&A solutions. Most…
The financial health of an organization is a great barometer for its success. If you are able to manage your finances well, you can survive and thrive in the industry you operate in. A fruitful FP&A (financial planning and analysis) solution allows you to head towards growth and lets you attain your core business goals.…
FP&A (financial planning and analysis) is an important set of practices to scale your business and manage its financial processes. From resourceful planning and budgeting to ensuring seamless financial growth, FP&A leaders provide a range of technical services to their clients. However, financial planning and analysis are more than a set of technical practices. Along…
After two years of a catastrophic pandemic, 2022 was the year of recovery. It was the year when businesses reopened their conventional gates and got back to normalcy. However, things will never be the same in the post-pandemic world. Two years of the COVID crisis taught us a lot of business management lessons and made…
Unlocking Potential With Machine Enabled FP&A Machines have made our lives easier on all possible fronts. With AI and machine learning getting into the mainstream, businesses worldwide have started unlocking their true potential. One such example is machine-enabled FP&A. Financial planning and analysis (FP&A) allow you to improve your organization’s financial health. It is often…
While holistic financial planning is important for all businesses, startups need it more than most ventures as they are yet to establish themselves in the market. Financial planning allows startups to meet their existing and future financial goals by creating robust plans. A good financial planning tool helps you allocate the right resources in the…
Process automation plays a big role in driving digitization within organizations. Instead of letting your employees perform manual processes, implementing suitable software solutions allows you to streamline them, preventing your team members from spending more time and effort than required. Financial close software is one such alternative that helps businesses verify and adjust their account…
Especially if you run an SME, CAPEX planning plays a very important role in streamlining your resources and allocating your budget the right way. Capital expenditure often demands a huge chunk of your budget and needs to be planned well for attaining your business objectives. While a range of different activities affects CAPEX planning, asset…
BY VIZIO CONSULTING INC. Budgeting does not imply denying yourself items you desire. A budget, when done correctly, acts as a plan for our financial future. In reality, a precise, well documented budget is an essential component of a sound financial strategy. Unfortunately, misconceptions regarding budgeting lead to many well-intentioned people making mistakes or abandoning the notion…
