According to Ventana Research, the majority of companies (83%) view the ability to close their books quickly as important or very important. However, businesses nowadays take longer to close than they did five years ago. Pressures from both within and outside of organisations are preventing them from achieving an efficient financial close.
Blog Topics: Planning and Budgeting, Financial consolidation, planning and reporting, Financial Accounting Management Software
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: Planning and Budgeting, Talent Management, Financial consolidation, planning and reporting, Financial Accounting Management Software
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
In battle, strategic ambiguity can sometimes lead to disastrous results. At Gettysburg, for example, on the first day of the epic US Civil War battle, General Robert E. Lee ordered General Richard Ewell to take Cemetery Hill “if practicable.”
Blog Topics: Financial consolidation, planning and reporting, Enterprise Performance Management (EPM), Financial Accounting Management Software
In battle, strategic ambiguity can sometimes lead to disastrous results. At Gettysburg, for example, on the first day of the epic US Civil War battle, General Robert E. Lee ordered General Richard Ewell to take Cemetery Hill “if practicable.”
Blog Topics: Planning and Budgeting, Financial consolidation, planning and reporting, Financial Accounting Management Software
Rick Yvanovich
/Founder & CEO/
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