Tag Archives: financial budgeting

torn paper with word budget 2017.Copyspace area--How to Improve Your Financial Budgeting Process

How to Improve Your Financial Budgeting Process

What’s inefficient, hinders corporate progress, and stifles productivity? You guessed it—the financial budgeting process.

In an era where the modern CFO is steadily emerging as a strategic force—armed with real-time data and game changing insights—it’s clear that old-school, static budgeting procedures just don’t make the cut. An active budgeting process, on the other hand, is collaborative, comprehensive, and continuous—and can increase buy-in and accountability throughout the organization.

So why do business finance professionals today still struggle with traditional financial budgeting? We’ve broken it down to the following four reasons based on the Harvard Business Review’s white paper, “The Annual Performance Trap: Why the Budgeting Process Must Change.”

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Applying a Strategic Management Tool to Budgeting & Planning

Take the Poker Game Out of the Budgeting and Forecasting Process

Annual business budgeting season is upon us, along with the all-too-familiar middle management and executive negotiation tactics. We all know the methods used to create favorable departmental budgets and forecasts: Managers ask for more than what’s required with the hope of agreeing on the budget they actually want; junior managers promise unprecedented results in exchange for executive support and an investment in their new ideas; and of course, the seasoned, senior managers warn of significant consequences to the company if their specific budget is cut. This negotiation process is nothing new to the business world. It’s been going on for decades. This is not strategic management. But the best-run organizations have learned that there’s a much better way to do it — one that completely removes the politics and the poker game from the process: using rolling forecasts with a strategic management tool.

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Award-Winning ROI with Adaptive Insights

Guest blog by Kevin Bradshaw, Finance Director, Gentiva

Gentiva_LogoI know first-hand that all growing businesses have to go through growing pains, even if that business has been around for more than 40 years.

Such was the case with Gentiva, a company that has steadily grown through a series of acquisitions since 1971 and now includes more than 400 U.S. locations.

Each acquired branch of Gentiva brought with it a unique set of financial processes and tools. Having been a part of the company’s finance team for the last six years – first as a business analyst, then as a senior financial analyst, and now as a finance director – I’ve seen Gentiva grow and add several tools for financial budgeting and reporting along the way.

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Q&A with Adaptive Live Wizard Bar Expert Juan Maldonado

The Wizard Bar at Adaptive Live is one of many exclusive benefits for customers who attend our annual worldwide user conference. By registering for the event and then reserving a 30-minute, 1:1 session with an Adaptive Insights Wizard (technology expert), you’ll be able to ask and get answers to questions about your specific Adaptive model.

One of our Adaptive Live 2015 Wizards is Senior Staff Solution Architect Juan Maldonado, who has some valuable advice on how to prepare for a Wizard Bar session in this exclusive Q&A.

 Adaptive Insights, cpm software, corporate performance management, business intelligence, financial planning, financial budgets, financial reporting

 

Tech Trends 2015 Concept

5 Tech Trends to Track in 2015

Each New Year marks the inevitable onset of new trends, jump-starting the unofficial task of establishing a new set of do’s and don’ts. In 2014, some projections focused on the impact of skyrocketing mobile usage on businesses, Bitcoin’s volatile but consistent growth, and how user-driven marketplaces would continue to flourish as venture potential. Others concentrated on predicting the growth rate of the overall cloud market, the changing role of cloud service providers, and how much companies would spend on big data analytics.

And as is the nature of trends, the idea of what will be impactful in 2015 most definitely differs from what was considered influential in 2014. In a Fortune Magazine column last week, Sergio Monsalve of Norwest Venture Partners, an Adaptive Investor, offered his predictions as to which technology megatrends will define 2015. Adaptive Insights Senior Director Paul Turner also weighed-in with his 2015 cloud industry forecasts.

Here’s what we think are the five of their most interesting trends to track throughout 2015. You can find the full set of predictions from Paul and Sergio in the Adaptive News Section.

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Man Holding Money Ball

A Moneyball Guide for Finance Pros

What does a “Moneyball” strategy actually mean, and how can it be applied in the finance world?

It’s a question we’ve heard a lot since announcing Billy Beane, Oakland A’s GM and pioneer of the Moneyball method, as the keynote speaker at Adaptive Live in San Francisco next month.

So consider this a little pre-event training as we breakdown some Moneyball basics, and explain how finance professionals can use this same strategy to make better decisions and grow their businesses.

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Adaptive Discovery eBook: A Visual Guide To Visual Analytics

Adaptive Discovery eBook Adaptive Planning Finanical Consolidation Cloud Visual Analytics Software

Click on the image to download the new Adaptive Discovery eBook!

There are several tools designed to help people learn about the new Adaptive Discovery features included within our latest product release. A press release. A two-part blog series. Third party industry articles.

My favorite is the Adaptive Discovery eBook.

The idea of the eBook is particularly clever (and no, it wasn’t my idea).

It’s built upon the same ideological premise as Adaptive Discovery itself: People learn much easier via visual aids.

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