Why Locked Down Budget Templates Are Failing You

Excel is an incredibly flexible tool. Anyone who’s worked with it for more than a week knows that. It’s a blank canvass where you can write any formula your imagination can conceive. But when it comes to using Excel for budgeting, Excel becomes the exact opposite of flexible. It becomes rigid as stone. And this…    Read More

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A New Method… at Method

I came across an article from CFO Magazine I wanted to share with the community. Method Products, a San Francisco-based maker of environmentally friendly home and personal cleaning products, has enjoyed years of healthy growth, becoming a $100 million, 100-person company since its founding in 2000. But just recently the CFO has led a project…    Read More

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15 Things You Can’t Do in Excel for Budgeting (but should)

Excel is an amazingly great application that has probably delivered more value than just about any other business software in the past 20 years. But as a platform for budgeting… well, it has some serious limitations. Like wouldn’t it be nice to be able to spread budgets based on last year’s actual spending pattern? That…    Read More

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The Boys from Brazil

Last week was an interesting week for me. I met with a team of 13 sales professionals from Latin America, all from a global ERP vendor. They came to Miami, Florida from Brazil, Argentina, Chile, Columbia, Puerto Rico, and Mexico (and despite the title of this blog, half the attendees were women). They came because…    Read More

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What’s the top priority of CFOs today?

What’s the top priority of CFOs today? According to the Hackett Group, it is “Improving the efficiency and effectiveness of the annual budgeting process.” A remarkable 84% of CFOs surveyed by this leading consulting firm said this was a priority. An area I think is related to improving the efficiency of the annual budget process…    Read More

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We’re #1

There are unpleasant surprises (a parking ticket on your windshield, for example) and then there are pleasant surprises. Well, XLerant received a very pleasant surprise recently being named the #1 Pick for Budgeting Software by Accounting-Payroll Software. Goodness knows there are a lot of alternatives out there, but BudgetPak is the only budgeting application that…    Read More

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The 8 Killers of Budgeting (and what to do about them)

When I was a Manager of Financial Planning & Analysis for Pepsi in New York we experienced some challenges with our planning process. Doesn’t everybody? I thought these struggles were localized, so when I took a two year assignment with Pepsi in Europe, I thought I’d see a different set of issues. I didn’t. They…    Read More

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Naked Budgeting

(The Streaker of ’74 behind Oscar presenter David Niven) For those of you who are squeamish, I apologize for the Streaker of ’74. He won’t show up again in this post, but I have to get your attention somehow. Now on to more serious matters… When it comes to budgeting, most organizations are not that…    Read More

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Is Your Budget Process Fair?

I realize that the question isn’t one you stop and think about during the heat of the budget battle. There are templates to be created, links that need to be validated, formulas to be edited. And that’s just preparation! All of that work represents just a fraction of the time spent developing, reviewing and reworking…    Read More

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