The CFO Guide to Budgeting Software: 10 Key Elements Mid-Sized Companies Should Look For
All companies need big company capabilities when it comes to financial planning. They need a strong grasp of their financial position, now, to make both day-to-day and long term decisions. A Fortune 500 enterprise faces Sarbanes-Oxley, the SEC, nervous shareholders, global competitors, volatile markets, fast-moving product cycles and an endless array of things on which to allocate their assets. A smaller company also faces increased regulation, intense competition, and the need to meet day-to-day working capital requirements. Regardless of size, a company may also want to position itself for merger or acquisition activity. It may need to borrow money or attract outside investors. If so, then it needs a financial plan, supported by a strong balance sheet and income statement, that is demonstrably grounded in the realities of the business world.
What readers will learn in this white paper:
- Clear signals that indicate your current financial planning methods are obsolete.
- The four alternatives when selecting financial planning tools.
- How financial managers should look for a planning tool.
- 10 must-have characteristics of today’s best financial performance management solutions.
- Key financial planning solution attributes for small and mid-size companies.