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.
We have reviewed many firms in the budgeting and forecasting landscape, and shortlisted the ones that are at the forefront of tackling the industry challenges. The listing provides a comprehensive overview of their promising software, and the ways in which it can help businesses.
We present to you CFO Tech Outlook’s Top 10 Budgeting and Forecasting Solution Providers 2016.