Tag: Budget

How Finance Leaders can use tech for greater Spend Visibility

When tracking your company’s spending its easy to feel like you have gone back to the future (without the 1955 glamour and up dos). It usually involves spreadsheets, paper receipts, reams of bank statements, staples and a hefty dose of manual data input. 

Aside from being prone to human error and a productivity black hole, it’s difficult to get an accurate snapshot of your company’s spending this way. And, without solid data, it’s harder to cut waste, budget accurately, and make informed big-picture decisions. 

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Everything you know about measuring financial performance is wrong. Here’s why…

How should we measure financial performance? For decades, this question was rarely asked, because the answer seemed obvious.

It was obvious because we’d all been schooled and drilled to use one tool: variance analysis, where the actual for a period is compared to a fixed target. 

Continue reading “Everything you know about measuring financial performance is wrong. Here’s why…”