When it comes to budgeting, the traditional method used is spreadsheets. However, over the years, spreadsheets have demonstrated themselves to be insufficient to handle budgeting in the ever changing business world. Hence, dedicated corporate budgeting solutions were born to deliver the accuracy, agility and responsiveness that companies so desire. A powerful budgeting solution should help businesses adopt budgeting best practices, such as:
Blog Topics: Talent Management, Financial consolidation, planning and reporting, Enterprise Performance Management (EPM), Financial Accounting Management Software
Given the strategic planning best practices, it is obvious that the creation of a good plan requires far more than just collecting a set of financial estimates. To achieve a budget and strategy alignment, use the following six steps:
Blog Topics: Planning and Budgeting, Talent Management, Financial consolidation, planning and reporting, Enterprise Performance Management (EPM)
Given the strategic planning best practices, it is obvious that the creation of a good plan requires far more than just collecting a set of financial estimates. To achieve a budget and strategy alignment, use the following six steps:
Blog Topics: Planning and Budgeting, Talent Management, Financial consolidation, planning and reporting, Enterprise Performance Management (EPM)
According to a study by Hackett Benchmark, companies spend on average 25,000 man days on planning and performance measurement per US$ 1 billion turnover. Another study by KPMG suggests that the budgeting process takes up 20-30% of managers’ and controllers’ time. Moreover, consultants at Horvath & Partner in Germany note that controllers spend at least 50% of their capacities on planning and budgeting.
Blog Topics: Planning and Budgeting, Financial consolidation, planning and reporting, Enterprise Performance Management (EPM)
According to a study by Hackett Benchmark, companies spend on average 25,000 man days on planning and performance measurement per US$ 1 billion turnover. Another study by KPMG suggests that the budgeting process takes up 20-30% of managers’ and controllers’ time. Moreover, consultants at Horvath & Partner in Germany note that controllers spend at least 50% of their capacities on planning and budgeting.
Blog Topics: Planning and Budgeting, Financial consolidation, planning and reporting, Enterprise Performance Management (EPM)
Traditional budgeting is argued to have begun about a century ago as a method of managing costs and cash flows. Typically, the process’s steps are as follow:
Blog Topics: Financial consolidation, planning and reporting, Enterprise Performance Management (EPM), Financial Accounting Management Software
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?
Blog Topics: Planning and Budgeting, Financial consolidation, planning and reporting, Enterprise Performance Management (EPM)
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?
Blog Topics: Planning and Budgeting, Financial consolidation, planning and reporting, Enterprise Performance Management (EPM)
Is your Planning & Budgeting process bringing you more headache than results? Here is your chance to fix it.
Blog Topics: Planning and Budgeting, Financial consolidation, planning and reporting, Enterprise Performance Management (EPM), Financial Accounting Management Software
HCM City, July 6 2012 – TRG International is proud to announce their first Planning & Budgeting process review Giveaway.
Blog Topics: Planning and Budgeting, Enterprise Performance Management (EPM)
Rick Yvanovich
/Founder & CEO/
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