What is the role of an executive finance department?

  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…

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No Change Records Mean Lack of Accountability in Planning

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…

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Efficient Budgeting Brings True Value

For most accounting and finance professionals, good stewardship of the company’s assets is a core principle of what we are tasked to do.  Good stewardship can range from designing and maintaining a strong framework of internal financial control to managing and reporting performance against budget and forecasts.  It can also mean taking the lead in designing…

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3 Steps to Building an Easy Budgeting Solution

Creating an easy budgeting solution is an integral step in achieving a strong level of engagement in your budgeting process. Most people are not accountants, and will only contribute to a budget once every quarter or year. By putting ourselves in the shoes of our users, we can create a budgeting solution that is easy for every user.   Make your budget solution easy to access  The user experience begins the moment someone sits down at…

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