The Power of Precise Budgetary Control in a Cash Crunch Era
ARTICLE -- Two-thirds of organizations are resorting to drastic spending cuts due to the financial aftershocks of the pandemic. But here's the paradox: a majority grapple with expenditure control even among businesses with robust spend management programs in place (a significant 74%, based on IOFM data). Why is this?
The Digital Pivot: How Automated Financial Planning Transforms Business Efficiency
ARTICLE -- Automated Financial Planning and Control Solutions are not just a trend but a tangible shift towards a more efficient, precise, and future-ready financial ecosystem. For companies aiming for sustainable growth, embracing this new paradigm is less of a choice and more of a necessity. Learn how to automate your budgetary control process from end to end.
Mastering Budgets in Project-Based Organizations: Key Decisions That Define Your Financial Path
ARTICLE -- Many companies and industries function on a project-to-project basis—financial diligence becomes the bedrock of success. A paramount concern is how an organization manages its spend and straying off track can be financially disastrous. Budgetary control can guide a project to prosperity.
Navigating Potential Economic Recessions
ARTICLE -- For Financial Planning Leaders and Administrators (FPL&A), mitigating the effects of economic downturns is crucial to the longevity of their organization. Predictive models suggest significant challenges and impacts on budgeting and financial planning; automated budgetary control software offers solutions.
2023 Top Technology Challenges Facing Grants Administrators
ARTICLE -- In 2023, grant administrators face many technology challenges. These challenges include the need to move to the cloud, meet the demands to become more digital, improve data security, integration with multiple systems, need accurate real-time data, and ability to manage more data.
Navigating Non-Profit and Charitable Fund Accounting in 2023
ARTICLE -- 56% of non-profit organizations struggle with financial reporting and accounting. Additionally, the Non-profit Finance Fund's State of the Non-profit Sector Survey revealed that 41% of non-profits face economic sustainability challenges, with the need to diversify revenue sources being a significant concern.
The Importance of Outcome Measurement and Reporting for Securing Future Funding
ARTICLE -- In grant funding, demonstrating the impact of funded programs is essential for securing future funding. Donors and foundations want measurable results and outcomes, and organizations that fail to provide these metrics risk losing out on future funding opportunities.
Rising to the Challenge: Overcoming Economic Volatility in Grants Management
ARTICLE -- Economic uncertainty can lead to a lack of predictability in funding levels; challenging grant managers to plan and allocate resources effectively. 77% of nonprofits are expecting to experience financial challenges in the next six months.
The 5 Pitfalls of Using Spreadsheets for Budgeting that can Stunt Your Growth
ARTICLE -- Using spreadsheets for budgeting is a manual approach that can be time-consuming and prone to errors, hindering your business growth. An automated budgetary control solution is critical for organizations to tightly manage their expenditures and budget performance.
Top 5 Reasons Why You Should Implement PyanGo Budgetary Control for NetSuite in 2023
ARTICLE -- Controlling budgets and spend management is crucial for organizations to achieve their financial goals, and implementing an efficient process is essential. Creating budgets is the first step, but controlling them effectively is the most challenging for most organizations in 2023.
Top 4 Reasons to Adopt PyanGo’s Charter Schools for NetSuite in 2023
ARTICLE -- Charter schools face unique challenges when managing finances and resources, making it essential to have efficient and automated systems in place, including fund accounting, grant management, budgetary controls, and real-time reporting. Here are the top four reasons why charter schools should adopt cloud ERP in 2023.
Top 4 Reasons Ports Should Adopt Cloud ERP in 2023
ARTICLE -- Ports must modernize to remain competitive. Traditional port management systems no longer meet the demands of today’s global market. See the top 4 reasons ports should adopt cloud ERP in 2023.
