NEWSLETTER: FINANCIAL FORECASTING (JAN 2025)


What are Accounts Receivable and Why Do They Matter? Accounts Receivable are one of the most important components of your revenue line. Very simply, accounts receivable are money you are expecting to flow into your business as a result of work performed or goods and services dispensed. As a business owner you sell a product…
In today’s fast-paced business environment, traditional forecasting methods often fall short. Relying solely on historical data doesn’t account for rapid market changes, evolving consumer behavior, or unexpected disruptions. This is where Driver-Based Forecasting (DBF) emerges as a game-changer, empowering organizations to make smarter, data-driven decisions. What is Driver-Based Forecasting? Driver-Based Forecasting focuses on identifying and…
BMO’s Jamie Doolittle, Head of BMO Business Banking for Central Region, Ontario, hosts Heather Tuason, CEO of Arena CEO, for a discussion about Financial Forecasting – the New Year’s resolution that pays off.
The Importance of Timely Collections for Small Businesses As a small business owner, you’ve likely invested countless hours nurturing your company, from building relationships with clients to refining your products or services. After five years of hard work, you’ve established a solid foundation, but there’s one area that can make or break your business: timely…
It’s the middle of the month and you know it’s almost time to start paying the bills you’ve received from your vendors. You haven’t been surprised by any of the expenses—you’ve planned for each one and knew they were coming. Great work! Your preparation only leaves you with one question: how should you process each…