AI in Finance, Maximizing Opportunity and Mitigating Risk 5 min Read Powerful, Transformative Divisive, Risky? AI is indeed an evocative term, encompassing a wide spectrum of implications. Its influence is increasingly felt across global industries, from operations planning and finance to the legal sector. In this article, we aim to provide a comprehensive examination of AI, exploring its potential utility and the associated pitfalls. Specifically, we will delve into how AI can be effectively utilized to enhance financial day-to-day operations and inform long-term strategic planning decisio ..read more

The “All-In-One" Budgeting and Forecasting Fallacy 5 min Read The “All-In-One" Budgeting & Forecasting Fallacy: Why your FP&A Technology Choices Should Incorporate Best-of-Breed Thinking Budgeting and long-range financial planning are distinct disciplines, each serving unique purposes within an organization’s financial management strategy. There are key differences between the two processes and many reasons why an organization should opt for a “best-of-breed" approach when choosing what FP&A tools to deploy, rather than settling for a claimed “all-in-one” solution that may not ..read more

Six Tips to Keep Your Financial Missions Sustainable in 2024 5 min Read Keeping Your Financial Mission Sustainable, Easier Said Than Done. Financial missions are the road map by which we conduct our day-to-day operations. They inform our FP&A as well as our intra-organizational philosophies. So, how can we keep them sustainable with so many external factors affecting business and finance daily? Much of this you can plan for and can be tackled in financial software like Synario. The rest comes from the careful cultivation of communication and relationships between departments, teams, and ..read more

Six Tips to Help You Get a Full Field View of Your Finances 2 min Read Football & Finance More in common than you think Full field view – very simply, see more of what's going on, and be able to do more. Pivot more easily and adapt to new situations. Brace for impact on hits you can already see coming. Easily see openings for you to take full advantage of the situation and thrive. These work in football, and in financial modeling. Here's six tips to help you see more, do more, and secure the title of MVP. 1 Establish Your Gameplan Understanding your data and knowing your str ..read more

Taking Transit Finance to New Heights Taking Transit Finance to New Heights It's no secret that there's been lots of adversity in the transit finance world over the last few years. Agencies are still feeling the effects of ridership reduction and policy changes brought about by the pandemic.  As CFO, Mark Schofield has helped to bring success and financial foresight to VRE. Get an inside look at what you can do to take transit finance to new heights from this insightful session!  Learn how agile financial planning and analysis is used to combat these ridership reductions, even whe ..read more

Unlocking the Value of Fintech in Higher Education The Value of Fintech in Higher Education We sat down with CFOs Samantha Gallagher from Fort Lewis College and Dr. Michael Horan of Worcester Polytechnic Institute to talk about the value that fintech can bring to higher education finance. They walk us through their use cases, from scenario analysis and long-range planning, to the importance of being able to pivot easily when faced with an unexpected enrollment drop. Samantha and Michael dive deep into the advantages of setting up a platform that makes the most of your audited finances. You ..read more

Unveiling the Power of Three-Statement Financial Models 5 min Read Financial modeling is a pivotal discipline in the world of finance, and at its core lies a potent instrument known as the three-statement financial model. It serves as a multifaceted prism through which one can discern a company's financial health and performance by seamlessly amalgamating data from the income statement, balance sheet, and cash flow statement. In this article, we dive into the reasons why placing excessive reliance solely on the income statement can be misleading, explain why expertise in modeling the balanc ..read more

Digital Transformation in Financial Planning & Analysis 5 min Read Over the past few years, finance has been entering a golden age of technology. More and more organizations are utilizing cloud-based tools company-wide to streamline their operational processes, thus increasing efficiency and collaboration across departments. Pressure is mounting for financial leadership all over to break away from the norm of outdated tools to explore fascinating new opportunities through a process called digital transformation. In the world of enterprise-level strategic planning, this has become a hot ..read more

The Future of Financial Planning: Where Synario Outshines Spreadsheets and Why 3 min Read In the world of financial planning and analysis, accurate forecasting and scenario modeling are crucial for making informed business decisions. While spreadsheets have long been a staple tool in this domain, a new contender has emerged to revolutionize the way organizations plan for the future. Enter Synario planning software—a powerful solution that offers distinct advantages over Spreadsheets. In this article, we'll explore why Synario is the superior choice for businesses looking to unlock the full ..read more

Six Tips to Keep Your Financial Missions Sustainable in 2024 5 min Read Keeping Your Financial Mission Sustainable, Easier Said Than Done. Financial missions are the road map by which we conduct our day-to-day operations. They inform our FP&A as well as our intra-organizational philosophies. So, how can we keep them sustainable with so many external factors affecting business and finance daily? Much of this you can plan for and can be tackled in financial software like Synario. The rest comes from the careful cultivation of communication and relationships between departments, teams, and ..read more