Plan, Budget and Forecast in uncertain times
Fast-changing business conditions call for agile planning, budgeting and forecasting. Learn why best-in-class companies are better at forecasting, collaborating, reducing budget cycle times and analyzing and reporting on planning, budgeting and forecast data.
Planning, budgeting, and forecasting lay the foundation for any effective business plan. Economic uncertainty makes it difficult to set clear goals and objectives and sustain a financial plan which supports them. Organizations must become more agile with their planning, budgeting and forecasting capabilities -- now more critical than ever for success and survival during volatile economic times. The business climate is characterized by change and compounded by global influences spawning unforeseen stresses and squeezed margins.
In a 2008 Financial Planning and Budgeting survey of more than 150 companies, Aberdeen Group found subtle shifts in pressures impacting the planning, budgeting and forecasting process. While speed, agility and accuracy dominated the horizon last year, Aberdeen expects the need to improve agility to adapt to changing conditions to be the number-one pressure facing companies in 2009.
This article presents an executive summary of a January 2009 update entitled “Financial Planning, Budgeting and Forecasting: Managing in Uncertain Times”, explaining what best-in-class companies are doing to plan, budget and forecasting with improved agility and accuracy.
read more >>
Planning, budgeting, and forecasting lay the foundation for any effective business plan. Economic uncertainty makes it difficult to set clear goals and objectives and sustain a financial plan which supports them. Organizations must become more agile with their planning, budgeting and forecasting capabilities -- now more critical than ever for success and survival during volatile economic times. The business climate is characterized by change and compounded by global influences spawning unforeseen stresses and squeezed margins.
In a 2008 Financial Planning and Budgeting survey of more than 150 companies, Aberdeen Group found subtle shifts in pressures impacting the planning, budgeting and forecasting process. While speed, agility and accuracy dominated the horizon last year, Aberdeen expects the need to improve agility to adapt to changing conditions to be the number-one pressure facing companies in 2009.
This article presents an executive summary of a January 2009 update entitled “Financial Planning, Budgeting and Forecasting: Managing in Uncertain Times”, explaining what best-in-class companies are doing to plan, budget and forecasting with improved agility and accuracy.
read more >>
