White Paper: arcplan
An efficient budgeting, planning and forecasting (BP&F) process is a cornerstone of successful organizations, with each stage providing a blueprint of a how the company will achieve its financial goals. The budgeting process plots company expenditures and provides supporting detail documentation; the planning process outlines the company’s short- and long-term financial direction and expectations; and the forecasting process predicts financial outcomes based on current and past performance. As many finance teams will attest, “budgeting season” is a time of enormous pressure as departments cope with constantly changing market conditions which influence financial plans, and must make resources available to deal with the time-consuming, complex planning process.
By: ALTUS Dynamics
Today, customizing solutions is becoming less and less of a need than ever before. Standardized technology platforms from successful Enterprise Resource Planning (ERP) solutions have more capabilities than ever to handle most of your financial, human resources and payroll needs. When an ERP solution could not handle unique requirements organizations would need to turn to custom programmers who would leverage ACCESS databases, SQL databases, or even Oracle databases to gain unique functionality that organization could not live without. Dynamics CRM, a platform as well as a solution, provides non-profits and public sector organizations tremendous capabilities to leverage and address unique requirements never before accomplished without significant customizations. This whitepaper provides an overview of why Microsoft Dynamics CRM can be considered your next development environment when addressing unique requirements not covered in ERP.
By: The MPI Group
How to Improve food and beverage profit margins: Much like a well-prepared dish, when it comes to software, the right ingredients make all the difference. The food and beverage industry deals with narrow operating margins, rapidly changing customer preferences, and highly perishable items on a daily basis. Although current supply chain management (SCM) tools provide food and beverage executives more visibility to help them quickly help their companies adapt to changing conditions, today’s globally competitive market demands an even fresher, more innovative approach. What are the market trends and strategies in the food & beverage manufacturing business? How can the effective use of SCM tools help in the management of food and beverage industries? What are the most common challenges faced by the food and beverage industries in managing food and beverage supply chain? Read this whitepaper to learn how modern supply chain management systems, business analytics and IT tools can help transform today’s food and beverage industry business challenges into opportunities.
What is Business ?
By definition a business is an organization or economic system with consistent and typical exchange of produced goods and offered services for one another or for money to fulfill human needs. Types of businesses, Non-Profit business: This is a type of business with charitable or educational goal rather than earning money from its services.
What is Budgeting ?
Budgeting is a process or a set of activities in which an organization goes about building its budget. Budgeting helps you determine how you are going to spend your money, thus achieve your financial goals both in long-term as well as short term. Budgeting includes budget management, which means analyzing and organizing the expenditure for a business to run.
What is Forecasting ?
Forecasting is a planning tool to develop assumptions or premises about the future uncertainty based on analyzing the present and past data available. In simple word we can say the process of predicting the future based on analysis of most common trends of past and present is known as forecasting. Forecasting starts with certain factors such as experience, knowledge and judgment that help in making the future assumption.