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

Dive into the seven 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.

The Finance Fix

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

Learn how integrating NetSuite with Cube helps users get the most out of their 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.

Building a foolproof operating budget

An operating budget is a detailed projection of a company's expected revenue and expenses. In this post, we show you how to many an operating budget.

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 financial variance analysis to enhance forecasting accuracy

Dive deeper into financial variance analysis and explore steps you can take today to enhance forecasting accuracy

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.

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.

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 2023)

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

Financial forecasting models help FP&A teams determine the best courses of action and best rates of return for their spending and investments.

Net working capital: the basics, how to calculate, and how to improve

What is net working capital, and how do you calculate it? In this blog post, learn all about net working capital, including the formula.

bottom-up planning
The inside scoop on 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?

Activity-based budgeting is a good planning and budgeting strategy for CFOs who want a realistic forecast of their future spending based on their actuals.

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.

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.

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

Driver-based planning is one of the best paradigms for your next budgeting cycle. What drives business? How can you use those to guide the business?

Scenario Planning
Scenario planning: Strategies for moving beyond the basics

Scenario planning is a method of forecasting and analysis that takes a variety of assumptions to drive different outcomes in the future.

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 2023)

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

Frequently asked questions

  • 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.


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