Welcome to posts on budgeting. 

Oil and gas is a multifaceted, volatile global industry that experiences constant price fluctuations coupled with long periods of boom and bust. Reporting on financials is a cornerstone to this industry.  Today’s oil and gas companies are changing the way they approach budgeting and forecasting by leveraging flexible and powerful technology tools and solutions that provide agi ...

Altius CEO, Noel Phillips shares his thoughts on where he sees the direction of Enterprise Performance Management (EPM) usage moving in businesses large and small. Noel Phillips:  The first thing I am seeing is a more iterative approach.  It used to be that companies were lucky to get through one or two cycles of a budget and forecast a year driven by the lack of available dat ...

More companies are moving budgeting and planning to the cloud as they learn about the value of a hosted BPM/CPM solution and look to realize its many benefits.  This is especially true for small and midsize businesses who can now get the same functionality as large businesses easily and affordably. According to the 2015 BPM Pulse Survey, 26% are already using a cloud-based BPM ...

Excel is a highly effective tool for key aspects of budgeting including data entry, model-building and analysis. The tool has lots of core functionality to leverage for the budgeting process.  One significant downside to relying solely on Excel for budgeting is the ability to pull in data from multiple systems. This might look like uploading actuals from your general ledger to ...