Calling all Budget planners, controllers, managers or the “Budget people"

Posted by Rick Yvanovich on

budgeting process

The budget season is here again. Cheers or tears?

According to a study by Horvath & Partners in 2004, senior managers spend about 10-20% of their time on the budgeting process, while finance departments spend as much as 50% of their time. Is it the case at your organisation?

Do you encounter problems such as:

  • A massive amount of spreadsheets to handle?
  • Being unable to trace who has done what?
  • Unrealistic profit target from managers?
  • Unrealistic sales target from managers?
  • Unrealistic expense target from managers?

Vote for your biggest challenge in Budgeting on our LinkedIn poll and see what others think!

Click here to cast your vote!

Topics: Planning and Budgeting, Financial consolidation, planning and reporting, Enterprise Performance Management (EPM)

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 Rick Yvanovich
 /Founder & CEO/

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