Chocolate and inspiration found in Hershey, PA

I was privileged this week to attend the annual EACUBO meeting in Hershey, PA. The event began with a keynote address from Erin Gruwel, author of Freedom Writers Diary and the founder of Freedom Writers Foundation. Erin’s remarkable story was turned into a feature film in 2007 starring Hilary Swank.The video clip above is from…    Read More

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15 Things You Can’t Do in Excel for Budgeting: #2

#2- You can’t have executives electronically sign off on budgets underneath them. We’ve all been there. You’re sitting in a budget review meeting and an executive says, “That can’t be right, you don’t have the right budget.” It seems the higher up the executive is making that statement, the longer the silence that follows… I…    Read More

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15 Things You Can’t Do in Excel for Budgeting: #1

#1 You can’t tell where everyone is in the process. The first thing you can’t do in Excel is tell where everybody is in the process. You know who’s submitted a spreadsheet to you and that’s about it. There’s nothing to give you visibility into the work in process. You don’t know who’s started and…    Read More

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Meanwhile, CFOs Enjoy More Influence

CFO Research finds the financial crisis boosted the profile of finance chiefs. Struggling economy, having to do more with less, what’s not to like? The good news for Finance chiefs is that many believe their stature has been elevated during the economic downturn. That’s according to a recent survey by CFO Magazine and Expense Reduction…    Read More

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Why budgets are not Excel-ing

Excel is the #1 financial modeling tool on the planet. And unless you look outside of Microsoft Office, it’s the obvious choice for budgeting. That’s the reason why 80% of all organizations continue to use Excel for budgeting. But here are some common complaints heard every day: The process takes too long The process doesn’t…    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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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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