6May 2018Copyright © 2018 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.MAY- 2018Managing EditorSarah DawsonEditorial StaffAaron Pierce Ava Garcia Ashik JainJoshua ParkerVisualizerAlvin AndrewsBudgeting and Forecasting specialSales*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEditor's NoteSarah DawsonManaging Editoreditor@cfotechoutlook.comAutomation is the KeyAndrew Smith andrew@cfotechoutlook.com The rapid technological advancements and changing market conditions has transformed the role of a CFO. Today, CFOs are on the brink of eradicating conventional static budgeting processes, and are focused on supporting active budgeting processes to enhance buy-in and accountability across the enterprise.Budgeting and forecasting serves as the cornerstone of a financial institution's control process. Today, companies are investing in advanced budgeting applications to address the varying business demands and drive their performance in pace with the rapidly changing business landscape. In this scenario, gathering comprehensive insights on the overall financial performance against the backdrop of invariable data influx and diversity of information resources can be a mountainous task for organizations that rely on superfluous spreadsheet methods.CFOs relentlessly strive to gain visibility into data to make real-time decisions and forecast their financial standing. They need to stay updated with new opportunities and technologies that will drive profit and weed out ineffective, cost-heavy practices. There are scores of flexible, automated solutions in the market that provide budgetary and financial planning that can support the pace of the business. These tools utilize technology trends like cloud, mobile, and IoT in the budgeting and forecasting process to help organizations achieve economical and professional excellence, including comprehensive pricing, sales, margin, and operational analytics.The integration of BI offers enhanced visibility and forecasting features by means of drill down capabilities, which simplify the generation of a wide range of reports. Corporate Performance Management features in the form of insights into return on investment, key performance indicators, and overheads, are being incorporated into budgeting software. These developments have prompted the enterprise CFOs to take cognizance of the budgeting and forecasting software companies.We hope this edition proves to be invaluable in your efforts to revamp your organization's budgeting and forecasting activities.Let us know your thoughts.Contact Us:Phone:510-565-7614Fax:510-894-8405Email:sales@cfotechoutlook.comeditor@cfotechoutlook.commarketing@cfotechoutlook.comMay - 2018, Vol 04-04 Published by ValleyMedia, Inc. To subscribe to CFO Tech OutlookVisit www.cfotechoutlook.com
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