The finance department has always been well respected in the organization. This department provides insights that manage the organization’s complete monetary dealings. Thanks to advancements in technology, the executive finance department has evolved to become the go-to department for most business strategies. So what makes today’s finance department integral to business? Executive Finance: management’s…
Using a trusted Business Partner for implementing and maintaining your budgeting solution has several advantages. At eCapital, we believe that we succeed once you realize the benefits of your budgeting solution. Below are 7 reasons you should use a business partner for budgeting. 1. Partnering for Success A common misconception is that the purchase of a…
Time series forecasting is a powerful set of tools ranging from simple series forecasting to sophisticated causal modeling. So why are many FP&A professionals reluctant to take advantage of these methods? Today’s automated time series forecasting software is very accessible to financial and business analysts and can be leveraged to augment your planning process, drive…
I have had several situations where someone asks me “Who decided this should be the number?” It is a common question and part of the disconnect that happens when several people are collaborating on a budget or forecast. Sometimes a single assumption can cause a significant ripple and you want to understand why someone chose…
The internet is full of articles about how to get ready for swimsuit season, but it can be difficult to find many on improvements to get ready for your next budgeting season. If you start now, you can reduce some stress from your next budgeting process…and maybe even get that promotion you deserve. 1. Schedule…