Benay Informer 4/27/2021

Why data-driven financial forecasting is crucial to the modern CFO

Financial planning and analysis (FP&A) teams play a crucial role in modern companies. With functions such as budgeting, forecasting, and financial analysis falling under their purview, C-suite executives rely on FP&A to illuminate the way forward. The rise of big data solutions and analytics has impacted the way CFOs and their FP&A teams conduct financial analyses. Here are three ways in which data is driving financial forecasting.

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FINANCE

5 key solutions to help finance your business

Finances are the biggest obstacle to business success. Creating your initial infrastructure, training your team and building brand recognition cost money, and all of these things must be done before your business can become profitable. These are 5 resources that can help a business become profitable. Learn more. #finance #businessfinance #forbes #financeadvice #success #benayinformer

How a high-performing finance team can yield profits for your business

The finance function of most organizations is not structured properly to perform at its highest level. Business leaders need to collaborate with their finance team, department leaders and their trusted advisors to objectively assess the team’s current structure and performance, develop a “desired state” that is aligned with the organizations goals and objectives and take action to effect change. Learn more. #finance #businessfinance #business #financeteam #profitable #benayinformer

Risk strategies to adapt when markets turn mad

Understanding and assessing risk is a crucial aspect of successful long-term investing. Academic studies show that investors feel a loss more intensely than a gain. Yet risk management is often underplayed. That is certainly the case in the world of asset management, where the acknowledgment of risk often ranks below the goal of generating returns that can maintain client flows and fund the future liabilities of pensions and other long-term liabilities. Learn more #riskmanagement #risk #finance #markets #benayinformer

POLITICS

10 lessons business leaders can learn from how Biden is managing the COVID crisis

Given his recent successes, this is a good time to highlight some of the best practices of his administration for managing and communicating about the Coronavirus crisis and the lessons business leaders should remember when they have to confront a crisis. Learn more. #politics #business #biden #covid #crisis #benayinformer

Connecticut COVID restrictions to be lifted in May says Lamont

Connecticut is planning to phase out many COVID-19 restrictions affecting businesses next month while keeping the mandatory indoor mask-wearing rules in place, Democratic Gov. Ned Lamont announced this week. The announcement came as the state surpassed 8,000 COVID-associated deaths, but Connecticut currently ranks second in the nation for most vaccines administered per capita.. Learn more. #politics #businesspolitics #covid #vaccine #connecticut #reopen #benayinformer

A different battle is underway for the future of politics and business

While states fight over bills that could restrict voting, there's another battle underway that's getting much less attention. It's one likely to have a profound effect on the world of politics as well as the future of businesses: The battle for the hearts and minds of young people. Young voters played an exceptionally large role in the 2020 elections. Learn more #politics #american #politcalparty #politicalviews #business #benayinormer

MANAGEMENT

Crisis management and saving your business from the uncertain

Crisis management is an integral part of business strategy. The organization should understand its cause and take timely action before a minor problem can create an existential crisis for the company. But, before we tell you how you can safeguard your organization from these kinds of critical circumstances. Let us first understand the type of crisis that your organization might face. Learn More. #business #management #crisis #crisismanagement #managementtools #benayinformer

4 keys to success in uncertain times

While some well-positioned businesses, such as Amazon, Alibaba, and Zoom, have thrived during this period, most middle-market businesses have not. As the world emerges from this exceptionally long “tunnel,” business leaders need to prepare for both growth and resilience in 2021 Learn More. #management #businessowners #forbes #success #uncertaintimes #covid #benayinformer

Why senior management needs to make cloud backup a priority

Many organizations still rely on outdated backup strategies that put the company at risk from cybercrime, human error, physical disasters and more. But because the business "already has a backup plan", or because backup isn’t a shiny new object, it can be difficult to convince senior management to make it a priority. Learn more #business #management #businessmanagment #backup #cloud #data #benayinformer

COVID-19

200,000 extra business closures in pandemic's first year

The economic toll from the Covid-19 pandemic has been tough to measure, but new estimates from the Federal Reserve suggest it wasn’t as bad as feared for smaller businesses. The pandemic resulted in the permanent closure of roughly 200,000 U.S. establishments above historical levels during the first year of the viral outbreak, according to a study released by economists at the Fed. Learn More.

#business #COVID19 #finances #closures #impact #benayinformer

What should companies do now that COVID killed the traditional workplace?

.A year ago, COVID-19 forced many companies to send employees home—often with a laptop and a prayer.

Now, with COVID cases subsiding and vaccinations rising, the prospect of returning to old office routines appears more possible. But will employees want to flock back to buildings even when it’s safe again? Should companies do away with Zoom and return the workplace to its pre-COVID ways?

The answer, in a word: No. Learn more. #COVID19 #business #workplace #covidinbusiness #remotework #workfromhome #pandemic #benayinformer

How to rebuild your company after COVID-19

COVID-19 has had a devastating impact on the world of business, that much cannot be denied. The difficulties caused by the global pandemic don’t necessarily have to force you to shut your company’s doors for good. If you work hard, exercise patience, and put the advice laid out below into practice, you will have the capacity to rebuild your organization throughout 2021. Learn more. #COVID19 #business #smallbusiness #company #pandemic #benayinformer

TECHNOLOGY

16 tech leaders share their favorite industry-focused podcasts

For convenience and currency nothing beats tuning into a high-quality, industry-focused podcast. Often released weekly or even more often, podcasts are a particularly good choice for tech pros, whose industry can change on a dime.

Whether you’re a tech leader trying to stay on top of trends or an enthusiast who just likes to be in the know, there are many podcasts that provide updated information from experts. Learn more. #business #technology #businesstechnology #forbes #podcasts #benayinformer

Why is big tech under assault? Power

It’s been more than a decade since the technology industry emerged from the financial crisis as a dominant influence on economies and on how we live and perceive the world. And I’m surprised that tech bosses can still appear clueless about the reasons behind the questioning of their industry. Repeat after me: It’s about their power. Learn more. #business #businesstechnology #technology #power #bigtech #benayinformer

The Clubhouse party is over

The headlines, which just a few months ago were raving about how Clubhouse was the next big thing, have all but dried up. As I, and many others, argued at the height of Clubhouse mania, the app is perfectly suited for the pandemic, but not for afterward. Clubhouse was a temporary salve to being stuck inside, when we were not allowed to venture out to conferences or music venues. Learn more. #technology #business #clubhouse #socialmedia #app #pandemic #benayinformer