3 Keys to Effective Scenario Modeling in ClubsA budget is a living document that is analyzed and adjusted on an ongoing basis to account for changes in business priorities, performance differences, or changing economic conditions. Especially prior to submitting your budget to the board for approval, it is important to consider and analyze potential scenarios that could impact your budget and ongoing… Read More |
Frustrated with your budgeting process? Join the Club.Frustrated with your budgeting process? Join the Club. Exhausted with trying to figure out an inherited budget workbook built in Excel? Tired of creating spreadsheets, distributing them, collecting them, and consolidating them? Fed up with broken formulas and errors? Weary of fighting with your end users who hate Excel and don’t understand it? Worn-out from… Read More |
Budget Employee Benefits with Pinpoint AccuracyRunning a country club comes with its own unique challenges, and budgeting is definitely one of them. Unlike large corporations, where broad estimates can work, country clubs need to watch every dollar closely. That’s where BudgetPak by XLerant shines. This software solution helps clubs manage employee benefits with pinpoint accuracy, allowing them to assign specific… Read More |
The Headcount Headache: Budgeting for Seasonal Staff in Clubs (with BudgetPak as Your Cure)Ah, the private club scene. A haven of fantastic activity, fine dining, and… complex HR challenges. For club managers, juggling staff needs throughout the year can feel like a high-wire act. Unlike traditional businesses, private clubs face unique hurdles in headcount and salary planning, particularly when it comes to seasonal staff. The Planning Predicament: Let’s… Read More |
Budgeting: Critical Part of the Strategic Planning ProcessRather than view budgeting as an annual exercise, CFOs should fully integrate it into the strategic planning process. Doing so will help “close the loop” between planning and execution, as well increase engagement, ownership and even productivity of your staff. Here are 5 benefits that will be gained by incorporating budgeting into the strategic plan,… Read More |
Why Collaborative Budgeting is important during WFH/hybrid workWhether you refer to it as “decentralized”, “distributed”, or “collaborative”, engaging multiple participants in the budgeting process can be a challenge, especially during today’s WFH/hybrid environment. Department heads are often not experienced in mainstream business practices like budgeting, forecasting and management reporting. Yet, engaging these individuals and gaining their expertise and insight during the budgeting… Read More |
The Benefits of Budgeting as a TeamThe benefits of embracing a team approach to budgeting are extensive. Successful multi-participant budgeting leads to increases in innovation, accuracy, engagement, and more. Rather than finance teams wasting time trying to track down spreadsheets and fix broken formulas, they can focus on analyzing the data and making strategic decisions about the organizations most valuable resources…. Read More |
Finance Leaders on COVID-19 Pandemic & BeyondTop Takeaways for TODAY from Finance Leaders on COVID-19 Pandemic: What have we learned, what do we still need to figure out, what’s next – and how do we make that happen in a state of constant change? COVID-19 has changed and continues to change the way we handle business. No one could have predicted… Read More |
What drives post-purchase satisfaction of budgeting & forecasting software?Avoiding Buyers Regret – What drives post-purchase satisfaction in BPM software? Recent results of the annual BPM Pulse survey provide insight into what finance teams are looking for in software – and what makes them most satisfied with software AFTER the purchase. Interestingly, they aren’t necessarily the same thing. Here are some key takeaways that… Read More |
Less Variance, More Accurate Numbers: Top Drivers in the Search for Better BudgetingWhat drives the decision to leave Excel? How do you measure success? What is your budgeting ROI? There’s rarely one definitive driver behind the search for better budgeting. Rather it’s a mix of issues – some are quantitative where success is easily measured: like improvements in the accuracy of the final budget or the reductions… Read More |
