6March 2016Copyright © 2016 Valley Media, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.MARCH - 2016Mailing AddressValley Media, Inc.44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538T:510 230 0396, F:510-894-8405 March - 2016, volume 02 - 02 Published by Valley Media, Inc. To subscribe to CFO Tech OutlookVisit www.cfotechoutlook.com Managing EditorSarah DawsonEditorial StaffSalesAaron Pierce Ava Garcia Joshua ParkerAlex D'SouzaJade Ray Urmi SenguptaVisualizerStephen ThomasBudgeting and Forecasting SpecialNancy Harris nancy@cfotechoutlook.com 510 556 2283Editor's NoteSarah DawsonManaging Editoreditor@cfotechoutlook.comBudgeting and forecasting have historically been two of the most demanding tasks in business. Despite being notoriously hard to maneuver, CFOs have been extensively dependent on Excel spreadsheets for budgeting. The time has now come for users to shift from Excel to modern software that doesn't make managing IT budgets more laborious than it needs to be.However, given the prevalence of spreadsheets over the years, migrating to a completely new system can even be discouraging. Nevertheless, automating budgeting and forecasting processes is a must in this modern era. Today, there is a whole range of innovative and intuitive budgeting and forecasting software products that are not just powerful, but also doesn't stray too far from the familiarity of Excel--making it easy for users to make the transition.One key aspect that is not to be forgotten while making this transition is collaboration. It has been proven that collaborating across departments is crucial to improve corporate performance. Fortunately, technology providers are also aware of this fact. Amid a slew of run-of-the-mill forecasting applications, there do exist solutions that facilitate seamless collaboration--simplifying the entire budgeting process. As we slowly head into the thick of 2016, CFO Tech Outlook set out to tame the budgeting and forecasting process, which often tends to be error-prone, time-consuming, and troublesome for finance teams. In this Budgeting and Forecasting special edition, we cover the latest technology products that address the shortcomings and inefficiencies of existing practices.We hope this edition proves to be invaluable in your efforts to revamp your organization's budgeting and forecasting activities. Let us know your thoughts.Communication and Automation is the Key
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