The entire finance function is going through a seismic evolution with the planning, budgeting and forecasting roles in a state of flux. Budgeting and forecasting play a crucial role in defining the outlook and direction of businesses, which is why it is important for enterprises to foresee and prepare for the future as much significance as the present. However currently, budget managers and organizational heads struggle through redundant tasks as most of the organizations still use traditional budgeting and forecasting tools, leaving them with less time for planning and implementation. To be in pace with the rapidly changing business landscape and address the varying demands, budgeting and forecasting solution providers are coming to the forefront to offer solutions that help companies in driving their performance and up scaling their businesses.
On the other side, budgeting and forecasting solution providers are utilizing leading-edge technologies to roll out offerings for handling a diverse range of business functions, which include budget-focused finance tasks and supply chain-based planning. Understanding the advantages that the solutions offer, leading companies are moving toward common platforms that address the full planning cycle from data collection, modeling, analytics, to reporting and requires less infrastructural requirements. With the availability of competent tools such as Microsoft Dynamics AX, finance leaders are driving corporate finance with real-time access to organizational and market data. The advent of big data and AI has further enhanced the role of financial leaders to encompass everything starting from business strategy to operations to IT risk management. CFOs deploying AI into its corporate strategies will empower them to bring transparency in their operations and garner competitive advantage over other leaders in the same sphere.
Understanding the changing times and technologies in the financial landscape as a whole, CFO Tech Outlook has compiled a list of the Top 10 Budgeting and Forecasting Solution Providers 2019 to guide financial institutions in anchoring the advantages of the various technologies available and tackle the challenges that they face in the budgeting, planning and forecasting process.
In the wake of these technological transitions, we are delighted to feature Illinois-based budgeting solution provider Plansmith on our list of the Top 10 Budgeting and Forecasting Solution Providers 2019. Plansmith is revolutionizing the industry with their top-notch budgeting solutions, which streamlines the planning, budgeting and forecasting processes and helps enterprises reach their performance targets. Harnessing the power of the latest technologies, InVizion is offering the best-in-class analysis software to help organizations in their planning, tracking, forecasting, reporting and decision-making capabilities.
With state-of-the-art technological advancements and innumerable success stories to their credit, these budgeting and forecasting solution providers are consistently proving their capabilities in the financial landscape. We hope this issue of CFO Tech Outlook assists you in choosing the right partner that your institution needs to promote a technology driven financial environment.
We present to you CFO Tech Outlook’s, “Top 10 Budgeting and Forecasting Solution Providers – 2019.”