The rapid spread of COVID-19 has disrupted businesses around the world, rapidly changing market conditions and rendering most 2020 corporate and financial plans futile.
But when faced with an evolving and unpredictable situation, such as a worldwide pandemic, CFOs must rise to the occasion and guide their company to success. Our 5-part webinar series will take you through everything you need to know about planning in uncertain times.
All events have now concluded, but you can view the recordings below.Reacting to COVID-19 with Insight and Agility
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We all know we are experiencing unprecedented and uncertain times with the COVID-19 pandemic, and finance professionals must quickly evaluate the impact on their organization’s revenue planning, costs, production, headcount, and overall business performance. This puts significant pressure on finance teams to manage the financial implications of disruption and position their company for continued success moving forward.
Hear from industry analyst Craig Schiff, President & CEO of BPM Partners, as he relates lessons from the 2008 recession to COVID-19. Wayne Slater, Director of Product Marketing at Prophix, will demonstrate how organizations can utilize Corporate Performance Management (CPM) software to quickly and easily unlock current budgets and forecasts, facilitate “what-if” scenario planning, and collaborate more effectively with key stakeholders.
Monitoring and Managing Cash Flow
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Join us for a short 20-minute webinar on how your business can better react to and prepare for market volatility with CPM software.
With unexpected changes to revenue and costs as a result of the pandemic, finance leaders need an immediate financial triage plan that includes revisiting prior cash flow expectations. Without an accurate cash flow forecast, companies may have insufficient funds to settle bills and repay debts. See how you can project your balance sheet using previous actuals, variations of your income, data from other models, and automated calculations to better plan for a successful tomorrow. See a demo of our cash flow functionality and hear how Criterium has leveraged Prophix to manage their cash. After this webinar, you’ll be able to:
- Plan for long-term liquidity by analyzing operating, investing, and financing activities
- Facilitate a collaborative approach to departmental cash flow monitoring
- Gain granular insights on your cash flow position
Combatting Uncertainty with Rolling Forecasts
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Join us for a short 20-minute webinar on how your business can better react to and prepare for market volatility with CPM software.
Forecasts are a critical part of the risk management process, and in these uncertain times, finance leaders are revisiting their projections. If your business is manually preparing forecasts in spreadsheets, it can be difficult to quickly and accurately incorporate relevant real-time data. With CPM software, you have the flexibility to react swiftly to the slightest changes in your business or the market, giving you greater insight into the future and helping you stay ahead of your competition. See a short demo of Prophix and hear how Environmental Defense Fund has leveraged our forecasting functionality to combat uncertainty. After this webinar, you’ll be able to:
- Improve profitability by generating a forecast that reflects changing market conditions
- Amplify collaboration in the forecasting process by tracking inputs, changes, and approvals
- Promote alignment by pulling data from multiple sources to create an accurate forecast
Considering the “What-if’s”: Proactive Scenario Planning
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Join us for a short 20-minute webinar on how your business can better react to and prepare for market volatility with CPM software.
Many finance departments are looking for ways to be proactive and in front of market volatility. When faced with dramatic changes, such as a pandemic, many companies do not have the time and resources to manually plan for different scenarios using legacy tools or manual spreadsheets. With CPM software, you can look into the future by modeling an endless array of possible scenarios based on changes in your revenue, costs, personnel, and more. Join us for a demo on how you can quickly and easily facilitate scenario planning from your existing budgets and forecasts, and discover how our RACER Trust has leveraged this capability to their benefit. After this webinar, you’ll be able to:
- Gain greater visibility into how strategic plans align with operational budgets and forecasts
- Create, measure, and adjust key performance indicators as needed
- Mitigate risk by running “what if” analysis, creating base, best, and worst-case scenarios
Putting People First in Uncertain Times
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Join us for a short 20-minute webinar on how your business can better react to and prepare for market volatility with CPM software.
Employees are your greatest asset but are often your company’s most significant cost. With Prophix, quickly understand the impact of personnel on consolidated profit and loss statements. At the same time, you can incorporate variables like taxes, benefits, transfers, position changes, commissions, and bonuses, etc. Whether you need to scale back or scale up your workforce, you can forecast different scenarios to find your optimal personnel strategy with Prophix. Discover how All Star Directories has utilized Prophix’s personnel planning functionality to support their workforce through this difficult time. After this webinar, you’ll be able to:
- Plan and identify how to best use your workforce for a more productive business
- Streamline your payroll planning process by holding department managers accountable
- Protect employee data by setting granular access controls at the user level to maintain data security