[]

business budgeting software
15 best business budgeting software tools [2024]

Discover the best business budgeting software tools to support your company’s financial planning and budgeting efforts in 2024.

Spring cleaning your financial data: where to begin

Learn to navigate spring cleaning and transform your data into a strategic asset for your business.

The Finance Fix

Need your finance & FP&A fix? Sign up for our bi-weekly newsletter from former serial CFO turned CEO of Cube, Christina Ross.

Navigating strategic FP&A for SaaS businesses

Uncover key FP&A strategies for SaaS businesses to enhance decision-making and drive growth.

10+ SaaS KPIs FP&A leaders should care about

Learn how to analyze, correlate, and effectively present SaaS KPIs to drive strategic decisions and foster business growth.

Valuation demystified: The art and science of discounted cash flow

Discover the ins and outs of discounted cash flow for better performance.

Calculating revenue run rate: a metric to measure growth in SMBs

Discover the essentials of calculating and leveraging the revenue run rate in SMBs with our expert guide. Learn to effectively measure growth, interpret results, and integrate this key metric into your strategic financial planning.

Optimizing operating cash flow: a practical guide for finance leaders

Learn how to optimize operating cash flow, why it’s important for businesses, and discover practical strategies for financial leaders.

Net income vs gross income: what's the difference? (and how to calculate)

Learn the distinction between gross and net income, empowering yourself with key insights for effective money management.

How to calculate retained earnings: insights for finance leaders

Learn how to calculate retained earnings effectively, empowering finance leaders to enhance decision-making and ensure financial stability.

Free cash flow: a key metric for financial health

Free cash flow (FCF) is more than just a number on your financial statements—it's the lifeline of your business. Learn more.

Is unearned revenue a liability or an asset?

Is unearned revenue a liability or an asset? Learn more.

Expense management software: how to control costs and boost profit margins

Discover how expense management software can help you control costs and boost profit margins.

Everything a finance leader needs for a top-tier tech stack

Looking to boost business performance? Discover everything you need for a top-notch finance tech stack to help you reach your goals.

The Finance Fix

Need your finance & FP&A fix? Sign up for our bi-weekly newsletter from former serial CFO turned CEO of Cube, Christina Ross.

Driving profitability: leveraging break-even analysis in FP&A strategies

This blog will guide you through leveraging break-even analysis in your FP&A strategies, ensuring you make informed, profit-driven decisions.

6 biggest headaches for FP&A teams (and how to fix them)

Dive into the six biggest challenges FP&A teams face and discover quick, efficient solutions to overcome them.

Budgeting and forecasting: a quick and easy guide

This 5-minute guide offers a clear roadmap to budgeting and forecasting, ensuring you're well-equipped for the journey ahead.

Planning your budget: top 5 questions to ask budget owners to ensure accuracy

Here are five questions finance leaders should be asking budget owners to ensure accuracy.

NetSuite and Cube: how integrating your ERP and FP&A systems unlocks productivity

Want to integrate your ERP with an FP&A platform? Learn how integrating NetSuite with Cube helps you get the most out of your ERP data.

Maintaining strategic alignment: 9 budgeting tips for finance leaders

Here's how to align your budget with your business's strategic objectives and set your team on the path to success.

Breaking down the budgeting process: 7 things you need to get your budget approved

Discover the top seven things you need to get your budget approved.

Budget preparation: when should you start planning your budget?

Discover the optimal time to start your budget preparation process by diving into key considerations and strategies—tailored for finance leaders.

Keep calm and plan on: How to build a stress-free budget process

Learn quick and easy steps to build a stress-free budget process.

9 variable expenses examples you should know

Learn about these 9 key variable expenses examples to make more informed and impactful financial decisions.

How to build an effective FP&A process

Building an effective FP&A process is a strategic imperative for any organization seeking to thrive in today's competitive business landscape. Learn how.

The Finance Fix

Need your finance & FP&A fix? Sign up for our bi-weekly newsletter from former serial CFO turned CEO of Cube, Christina Ross.

Creating a master budget: best practices for better collaboration

Learn how to incorporate collaboration and feedback into your budgeting process so you can build the best, most effective master budget for your business.

How to use automated variance analysis to enhance forecasting accuracy

Explore automated variance analysis to improve your financial forecasting. Learn how accurate analysis influences strategic decisions in FP&A.

How to calculate projected sales: a guide for FP&A leaders

Wondering how to calculate projected sales more effectively? Here are best practices every FP&A leader needs to know.

Comparing different capital budgeting techniques

There are tons of capital budgeting techniques. Which is the best? Let's compare them to find out which capital budgeting technique you should use.

What is the percentage-of-sales method?

The percentage-of-sales method helps finance teams develop a budgeted set of financial statements. Learn how to use this method in this article.

Our top budgeting best practices for busy FP&A teams

What are the budgeting best practices? We've included some of our best tips in this article about streamlining and simplifying an annual budgeting process.

Financial forecasting
Your guide to financial forecasting essentials (for 2024)

Financial forecasting has never been more important. Learn the essentials of how to create a financial forecast in this guide from FP&A platform Cube.

Cash flow forecasting
Cash flow forecasting: The financial GPS system

Cash flow forecasting is essential to your business's long-term financial health. Learn about the two cash flow forecasting methods and more in this post.

Zero-based budgeting: justifying every line item in the company budget

Zero-based budgeting (ZBB) means every dollar in your budget has earned its place there. In this post we explore a ZBB process and its pros and cons.

Sales and operations planning (S&OP): the basics and best practices

Sales and operations planning (S&OP) is an important function of FP&A: it's how companies forecast and meet demand in the most efficient manner possible.

Financial forecasting models: ghosts of the past, present, and future

Discover how to use financial forecasting models to drive strategic decision-making, reduce risk, and predict future trends.

The Finance Fix

Need your finance & FP&A fix? Sign up for our bi-weekly newsletter from former serial CFO turned CEO of Cube, Christina Ross.

The inside scoop on top-down and bottom-up planning

Bottom-up planning is when you use data from the bottom of the organizational pyramid (from individual contributors) to drive your planning and budgeting.

activity-based budgeting
Activity-based budgeting: is this budgeting method right for you?

Discover how activity-based budgeting optimizes resource allocation for efficient financial decision-making.

Incremental budgeting: is it the right budgeting method for you?

Incremental budgeting is one of the big budgeting methods. It takes the previous period's budget and uses it as a base for the new budget.

What's a static budget? Here's what you need to know

What is a static budget? How is it different from a fixed budget? How do you make a static budget? Here's everything you need to know about static budgets.

Cash budget
Create and track a cash budget (step-by-step guide)

Cash budgets are important for monitoring your cash inflows and outflows, as well as ensuring the business has the cash on hand to cover its expenses.

The 19+ best sales forecasting software of 2024

In a market flooded with sales forecasting software, finding the right choice can be a challenge. Let our expert guide simplify your decision-making process.

headcount forecasting
What is headcount forecasting? [Free headcount forecasting Excel template]

Headcount forecasting (AKA headcount or workforce planning) is essential for any high-growth organization. Includes free headcount forecasting template.

20+ best forecasting and budgeting software solutions [2024]

Do you need forecasting and budgeting software to drive better business outcomes? Here are the best software to choose from.

What-if analysis: a beginner's guide to scenarios + goal seek in Excel

A simple introduction to what-if analysis in Microsoft Excel. We cover scenarios, data tables, goal seek, and more.

Driver-based planning
Driver-based planning: let the numbers lead the way

Explore how businesses can navigate challenges, adapt to regulatory changes, and ensure compliance while harnessing the potential of driver-based planning.

14 best budgeting software tools & apps [updated for 2024]

Budgeting can be a long and dysfunctional process. That's why we've pulled together this list of budgeting software tools for FP&A teams of all sizes.

The Finance Fix

Need your finance & FP&A fix? Sign up for our bi-weekly newsletter from former serial CFO turned CEO of Cube, Christina Ross.

Top-down vs. bottom-up budgeting: which should you use?

Top-down vs. bottom-up budgeting—how to choose? Gain a comprehensive understanding for informed decisions aligned with your financial goals.

Scenario Planning
Scenario planning: strategies, techniques, & examples [2024]

Scenario planning ensures your business is ready for unforeseen events. Learn what scenario planning is and best practices for 2024.

Strategic budgeting: are you getting it right? A guide for 2024

Strategic budgeting should be treated as a formal planning process. In this guide to strategic planning, we show you how to do just that.

Cash flow forecasting
Cash forecasting: a quick guide for busy FP&A teams (updated for 2024)

For finance teams at SaaS companies, cash flow forecasting is fundamental to help executives manage and guide the business.

Rolling Forecast
When is a rolling forecast the right strategy for my business?

Learn how to unlock the potential of rolling forecasts by harnessing their agility, adaptability, and accuracy to drive informed business decisions.

What’s the difference between a plan, a budget, and a forecast?

While a company’s plan, budget, and financial forecast are often discussed in the boardroom, these terms' functions are not always clear.

How to accelerate your annual budgeting process (in 2024)

Many businesses dread the annual budgeting process as the fiscal year comes to a close. However, here are some tips for speeding it up.

What is financial planning and analysis (FP&A)?
What is FP&A (financial planning & analysis)? 2024 Guide

This guide provides everything you need to know about Financial Planning & Analysis, and the best software to help optimize FP&A tasks in 2024.

The 18 best financial forecasting software solutions for FP&A teams [in 2024]

We've rounded up the best financial forecasting software to help FP&A teams make financial projections to predict and estimate business performance.

  • What's the difference between forecasting and budgeting?
    +
    Forecasting is projecting future financial incomes by developing models and scenarios around revenue, expenses, cash flow, and other key metrics so organizations can understand potential future performance and make informed decisions. Budgeting focuses on creating a financial plan for a specific period (usually a fiscal year), setting targets, allocating resources, and creating a roadmap to guide decision-making. 
  • What are the 4 types of budgets?
    +

    The 4 main types of budgeting are Incremental, activity-based, value-prop, and zero-based

     

    Incremental budgeting is when small percentage-based changes are made to the prior period's budget information (typically from the last 12 months) rather than yearly creating an entirely new spending plan.

     

    Activity-based budgeting is a top-down method where the FP&A team allocates resources based on the activities that need to be done, considering the cost of materials, labor, and other expenses associated with each activity. It's used for streamlining costs by analyzing each action a company takes.

     

    Value-proposition budgeting is a method in which companies analyze the cost versus benefit to identify which activities provide the most value and where resources should be allocated.

     

    Zero-based budgeting uses a bottom-up method where all expenses must be justified for each new period. Every expense is analyzed and allocated based on its contribution to the organization's objectives.

  • How is forecasting used in budgeting?
    +
    In forecasting, organizations review historical data, market insights, and project future performance. This motion is essential in budgeting as it helps organizations estimate future revenue, project expenses, and monitor performance, which are crucial in developing more accurate budgets that align with organizational goals and resource allocation.
  • What are the 4 basic forecasting methods?
    +

    The four basic forecasting methods are straight-line, moving average, simple linear regressions, and multiple linear regression.

    Straight-line forecasting is for when a company shows consistent growth (or decline) over time and can show a simple snapshot of potential future performance.

    Moving average forecasting is used to understand underlying trends by smoothing out short-term fluctuations and highlighting potential long-term trends.

    Simple linear regression shows the relationship between a specific business driver and a financial outcome (ex: marketing spend and sales volume).

    Multiple linear regression takes that further and examines how numerous variables may affect the forecast. 

  • How long does a typical annual budgeting and forecasting process take?
    +
    While annual budgeting and forecasting vary by organization, the process typically spans several months. There's much to juggle, from data gathering, preparation, and analysis to managing stakeholders. The process is often delayed due to manual processes but can be expedited through tools like Cube that accelerate data gathering and analysis with spreadsheet-native technology. Cube makes it easy to see your data in one place and collaborate with stakeholders. 

SLACK COMMUNITY:

Strategic Finance Pros by Cube