Spring Cleaning - XLerant

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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Spreadsheet - XLerant

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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Computer Data - XLerant

The Malcolm Baldrige Award Criteria and Better Software Purchasing

You’ve been through the drill before. Some process in your organization needs fixing and a team is formed to address it. Before you know it, you’re looking at software as a solution. That’s not a bad thing, but the way we go about it often is. The team comes up with a requirements grid (often…    Read More

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Angry Girl - XLerant

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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CFO Lighbulb - XLerant

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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Unique Challenges - XLerant

Unique Challenges of Budgeting in Not for Profit

Budgets matter in the not-for-profit world to a degree I rarely see in the for-profit world. In the for-profit world, the budget is just a snapshot in time. It can be forgotten about the first time the company produces a reforecast (which, incidentally, can be forgotten with the second reforecast). It’s not that for-profit organizations…    Read More

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8 Killers - XLerant

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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Broken Excel - XLerant

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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Grade Letter - XLerant

What a National Survey on Budgeting Reveals

XLerant recently completed a survey on budgeting and I wanted to share some of the highlights with you here. Budgeting is mission critical. You probably already knew that, but isn’t it comforting to know that a majority (over 90%) of your peers agree with you? Budgeting is getting more scrutiny than in the past. Given…    Read More

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Hooray - XLerant

Incredible Video on Coordination & Planning

How do you get 185 people in 12 countries, who have never met before, to come together and sing in a virtual choir? Coordination & planning, that’s how. I don’t want to give too much away, but this video will set you back on your heels. http://www.youtube.com/watch?v=D7o7BrlbaDs I could spend a lot of time explaining…    Read More

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