How to choose the right budgeting software for your business 

Excel has long been a target for hackers; just one click on a malicious attachment can infect your entire network. So, how can you keep using spreadsheets while not sacrificing your safety?

We know it can be challenging to succeed with your planning, budgeting, and forecasting process. Therefore, we have gathered our best tips for you to succeed!

Management reporting helps you see what’s really happening in your business. In this guide, we’ll explain what managerial reporting looks like and share practical tips.

Spreadsheets often start as just a list for storing information and there is minimal process documentation, support or maintenance for these worksheets. Despite the fact that desktop applications such as Microsoft Office are included in the standard configuration of users' PCs, very little formal training is ever given to spreadsheet users.

When done well, budgeting helps organisations stay financially on course, even when things don’t go exactly as planned. Learn how to keep things on track so you avoid surprises and stay focused on your goals.

Financial forecasting is critical for any business that wants to adapt to change. But finance teams keep usingfragmented models and manual processes. The 3-statement financial model is the solution.

In today's post we'll break down why KPIs matter, which ones offer the most insight for finance and executive teams and how to ensure they're actually driving results.

CPM, or Corporate Performance Management, is a process within corporate management aimed at measuring and optimizing the performance of an organization. CPM encompasses a range of activities, including budgeting, planning, forecasting, reporting, and analysis.

In today’s fast-paced business environment, effective reports and dashboards are crucial for decision-making. Our user study using eye-tracking technology revealed seven key insights into what captures attention.

After living in uncertainty, priorities have changed across all businesses, and that includes the finance function. According to Deloitte's latest CFO survey from July 2021, there are a few things that a CFO needs to prioritize. In this article, we'll present the top 3 things a CFO should and needs to prioritize.

Senior executives are demanding more detail in their management reports. The amount of data available to finance departments has exploded and decision makers see this as an opportunity to get more insight into how the business is performing.

The newest iteration of planning, analysis and reporting systems is a powerful game-changer that unites company departments and boosts competitiveness. It’s called xP&A – the abbreviation of extended financial planning and analysis.

Without solid financial planning and analysis (FP&A), businesses operate in the dark. In this post we go deeper into the process of FP&A and why it’s important for businesses.

The real challenge today isn’t collecting data, it’s making sense of it and fast. Organisations turn to business intelligence (BI) to convert raw data into insight.But how do you actually do it right?

Artificial Intelligence (AI) has significant potential to enhance decision-making for Chief Financial Officers (CFOs) by providing data-driven insights, automating routine tasks, and enabling more accurate forecasts.

Artificial Intelligence and Machine Learning, what is it, and what is the difference?

Spreadsheets were never designed for collaboration, yet they are the single most used program among teams and co-workers. They often start out as a quick document for storing, formatting or calculating information but evolve into important documents and are often the core records for an organisation.

In this post, we explore how AI is evolving from a theoretical concept into a valuable resource for decision-making. Get useful insights for finance teams at any stage, from early exploration to actively using AI-powered solutions.

Businesses don’t stand still so why should your forecasts? According to the results of research conducted by IBM, rolling forecasts provide companies with 12% more accuracy, spend 50% less time on budget preparation and increase their profitability by 10%.

Uncertain times create the need for more frequent forecasts and time for analyzing and comparing different future scenarios. We give you 5 tips on how to simulate future scenarios using scenario planning

If you’re working in a large organization, you’re probably aware of how time-consuming the budget process can be. In this article we’ll give you tips on how to save time and still create a successful budget process

Where many businesses start small, a simple spreadsheet can adequately perform the limited tasks required of it. As the company grows, your spreadsheets can get more complex and harder to manage, by which point it feels like it will be too difficult to move to a different reporting tool.

How can you make your budget process more successful and maximise the effort that was invested in creating it? Of course, there are many factors to consider but we’ve chosen to highlight five key areas that will enable and help you create a smoother, value-creating and collaborative budget process.

Management Reporting refers to the process of creating, analyzing, and presenting information about various aspects of an organization's performance to enable decision-makers to make well-informed decisions about the future.

In many organisations manual budgeting processes over-burden staff and create masses of data which overwhelms department heads and stops them seeing the bigger picture.

The ability to process information swiftly is essential. If your business can’t manage your data efficiently, your company’s financial performance will surely underperform. At Mercur we have developed our own database Veloxic which helps Financial Planning and Analysis.

This blog explores what IBP is and the typical IBP process. We highlight business benefits and how the right software can be a game-changer for your organisation.

Thirty years after its debut, Microsoft Excel is still the preferred tool for budgeting and planning projects. However, its popularity is declining, due in most part to the rise of technology and subscription-based pricing for a myriad of SaaS-based products.

Planning, budgeting and forecasting are rarely static. Shifts in the industry often require you to revisit assumptions, adjust targets and adopt new processes. Learn how to strengthen your approach and stay ahead of change.

Spreadsheets are an essential tool for all types of organisations and businesses rely on them heavily, particularly for financial computations. The most popular spreadsheet program globally is, of course, Microsoft Excel, it’s used by an estimated 750 million people.

Artificial Intelligence (AI) can support decision making in key areas such as budgeting, capital allocation and even corporate strategy and as a result, it is increasingly being deployed in corporate performance management tools (CPM).