From Manual to Agile: The State of Financial Planning and Budgeting During Economic Downturn
Even small businesses outgrow spreadsheets and look to implement dedicated financial solutions. How can you build a base plan for the next fiscal year when everything goes haywire?
Are you certain that your company's planning and budgeting processes can withstand the turbulence of unpredictable times?
When the world is in chaos, can your company's planning and budgeting processes keep up? Don't waste time deciphering an obscure financial plan that's barely relevant in these confusing times. Instead, prioritise and navigate through the unpredictable waters of business-as-unusual with ease.
Automate financial tasks
One reason the traditional approach takes up so much time is the use of notoriously error-prone spreadsheets.
Streamline processes
A perfect budget might not be achievable today, but a better financial planning and budgeting process certainly is.
Build from ground zero
Starting afresh with a clean sheet may be a more feasible solution than most. And the balance can be achieved with zero-based budgeting.
Develop an agile approach
Now is the time for your Finance department to harness the benefits an Enterprise Performance Management (EPM) solution brings.