Finance

December 2, 2014

Rolling Forecasts: Replacing the Annual Budget

by Colin Quinn

Long gone are the days when annual budget steered business decisions, with only predictable, minimal changes. With increasing competition and a volatile economic environment, companies need a better way to predict the future. As a result, new forecasting techniques have emerged to help anticipate changes and drive better informed strategic decisions. Traditional forecasts take a structured approach to scoping uncertainties within a specific timeframe. Those predictions have a reasonable chance of being accurate. In today’s highly capricious GovCon environment, however, organizations are forced to be dynamic…

September 6, 2014

Top 3 Reasons to Upgrade to Costpoint 7 Today

by Colin Quinn

By now you have hopefully realized that Deltek no longer offers support for Costpoint 6 and GCS. Now is the time to upgrade to Costpoint 7 – take the already strong capabilities of Costpoint to a whole new level. As a Deltek Partner, having performed more implementations, conversions, and upgrades then any other business partner, Kinetek is poised to make your upgrade a success! Our top 3 reasons you should upgrade to Costpoint 7 today! 1. Stay current on…

May 22, 2014

Transform your Budgeting and Financial Planning Process

by Colin Quinn

For most organizations, the annual budget process is a painful, distracting, on-going exercise in futility that consumes a tremendous amount of resources and time, then quickly becomes so outdated that it is often deemed irrelevant for management purposes. The traditional budgeting process generates numerous issues and challenges that impair organization’s planning, forecasting, and performance management capabilities… The traditional planning process:  Proves incapable and ineffective. Becomes quickly dated. Is calendar-driven and rigid. Does not motivate the correct employee behavior. Results in a…