What Every Human Resources and FP&A Department Can Do To Strengthen Their Working Relationship
Melissa Dreuth, Senior Vice President of People and Culture at Planful, talks to her counterparts in the Finance team every day… and looks forward to it. “Human Resources – also referred to as People Operations – tends to either love or hate the Finance department. Personally, I absolutely love my Finance colleagues.” And while the […]
How Continuous Planning Helps FP&A Break Through Organizational Silos
Imagine if every conversation between Finance and the rest of the company started at a strategic, high level… because the non-Finance teams are already literate with the financial data and thinking relevant to their function. Instead of the non-FP&A units getting frustrated that their asks are getting shut down because the financial numbers aren’t supportive, […]
Continuous Planning – Structure for Finance, Flexibility for the Business
Planning is an essential part of every business. Marketing managers plan how lead generation campaigns fit within their broader pipeline-building goals. Sales managers plan for territory performance, sales rep quotas, and productivity capacities to help meet quarterly revenue targets. The director of operations plans supply, production, and logistics to ensure customer demands are met. And […]
A Platform for Every Dynamic Plan Your Business Needs
You know what keeps finance up at night? Errors, inaccuracies, variables, unknowns, noncompliance — anything that falls outside of their highly-organized financial and regulatory requirements. That’s because finance is fundamentally structured. Financial planning is built around general ledgers, accounts, journal entries, cost centers, debits and credits. And finance uses those constructs to deliver even more […]
How to Give Finance the Structure it Needs While Maintaining Business Agility
Business and financial planning has historically been a static, periodic process. Yet the business environment is one of constant change. It doesn’t sound like the best way to run your organization nor have complete confidence in your plan, right? With change being a constant influence on your business, and with planning season in full swing, […]
Business is Continuous, So Why Isn’t Planning?
The organizational planning process is rarely something that people look forward to. As we inch closer to the end of one year and the beginning of the next, the specter of yet another long, tedious, and quick-to-be-outdated planning process is upon us all. But think for a moment about your business. It changes daily. What […]
As Businesses Continue to Move Faster, Finance is Running Out of Time
Is it hyperbole to say the business world is more dynamic than ever? Everything happens so quickly, even when compared with the recent past. A new brand can be launched from a laptop today and, with some high-profile social mentions, be a million-dollar business tomorrow. And, just as fast, a unicorn darling can be preparing […]
Are You Prepared for Planning Season?
If your reaction to reading “planning season” in the title was, “Ugh!”, then it’s time to rethink your approach. We’re in an economy that moves quickly. Advancements in production, logistics, technology, and other areas have translated into faster times to market…for both you and your competitors. Companies can be run from a single laptop, manufacturing […]
Dear Mr. EPM, Why is Budgeting So Complex?
In the essence of a “Dear Abbey” advice column, we at Planful are trying to tackle your biggest financial process questions. This series of blog posts called, Dear Mr. EPM will look to answer questions on some of your challenges. Have a question for us – email us at email@example.com.
Be a Finance Innovator by Making Everyone Count
Technology has, in just the past few years, dramatically altered the way we do nearly everything, from sharing selfies to collaborating with coworkers. How it has affected the finance profession is no different.