Finario Blog
Change, Challenges, and the Food Industry
It has been a trying year and a half. And while some industries have been hit harder than others, the food & beverage and food service industries are continuing to
Seven Ways to Improve Capex Forecast Accuracy
We all know things rarely go 100% as planned. It’s why, though you start with a budget, you know full well that once the real world of actually conducting business,
Capital Planning in a Time of Rising Rates and Inflation
Like it or not, the question isn’t if we will see increased inflation and interest rates but how high they will go and how long will it last. Their causes
Capex vs. Opex Software Solutions: How Different Are They?
Understanding the difference between Capex and Opex software starts with the basics: At the highest level, Opex is an expense required for the day to day operation of a company,
FP&A From the Frontlines: Overcoming Obstacles to Capex Post-Completion Reviews
Here’s a conversation with Finario’s own Mike Evans on why post-completion reviews are so important, and how to get them implemented based on his senior finance experience working with a
Capital Planning Software in the Modern Finance Stack: What it is and Why You Need It
ERP, EPM, PPM, BPM, ECP, ECM: When it comes to the software essential to the “digital transformation” of the corporate finance department, discerning between them all can be far from
The capital budgeting process: What’s next after the ink is dry?
You’re halfway through Q1, your annual capital budgeting process is done and loaded in the system; fiscal year-end reporting is wrapped up. Now you can breathe a sigh of relief,
Capital Budgeting Essentials: What to Look for When Choosing a Capex Software Soltuion
Most companies would agree that the objective of making smart capital budgeting decisions is to ultimately acquire assets that are worth more than they cost. While the process of making
The Art of Building Consensus: Rallying a Buying Group Around an Enterprise Capital Planning Solution
You’ve identified a problem that needs to be solved. You’ve explored solutions to resolve that problem, identified what’s required, and have a supplier in mind that you believe is a
Elevating Your Approach to Capex: From Project Focus to Portfolio Management
As the manufacturer of a product, it takes many inputs to produce a good for sale: materials, labor, and capital equipment. You have a system to track labor by job.
Beyond Budgeting: How EPM Solutions Stack Up for Capex
Let’s get right to the point: you wouldn’t want to go into a battle blindfolded … and if making better capital allocation decisions is a priority at your company, you
FP&A From the Frontlines: Nonstandard Reporting in an Ever-Changing Environment
There are some axioms in financial management you simply can’t violate no matter how smart or how good you are. For instance: when it comes to FP&A reporting, you may
FP&A From the Frontlines: How human effort and hard work aren’t substitutes for sound processes & technological leverage
I can still remember walking a 3.5 inch floppy disk down the hallway of a billion dollar company. On it: our balance sheet for the controller to review. I’m dating
SaaS and the Cloud vs. Custom-Built On-Premise Apps: What Finance Teams Need to Know
Prior to the early 2000s, most enterprises purchased software and applications that lived “on-premise” — meaning they were installed, stored and administered locally. With its founding in 1999, however, Salesforce.com
Three Common Hurdles to Implementing Capex Automation and How to Overcome Them
The concept of digital transformation of finance has become such a hot-button issue. With so many varying takes on the topic, it’s no surprise that many organizations struggle with building
An Engineer’s Guide to Capex Automation
You’ve thought through every detail and have full confidence that the solution you’re proposing is right for the business challenge or need at hand. But it doesn’t get approved for
Zero-Based Budgeting: Making the Case for Starting With Capex
It is a concept that’s been around for more than 50 years, yet periodically re-emerges as a “trending topic.” This is one of those times. I’m referring to zero-based budgeting
The Capex Project Post-Completion Review: How to Go From Theory to Practice
You just completed a multi-phase capital project. The assets are in place and in use. Time to celebrate and chalk up a win, right? Maybe. There is a final step
