5 Steps to Better Budgeting and Forecasting
Article posted by Mark Bodger - Thursday, 31st March, 2016 / Best Practices
Time: Do you need to balance time and resource pressures with the need to deliver accurate budgets and forecasts?
Systems: Do you find yourself in Excel hell with your line managers spending days each month preparing their budget figures in various spreadsheet documents across the business and then trying to type them into your templates?
If you’re looking for better ways to improve business planning, here are the five key steps that regularly make most impact with our clients:
Step 1: Create an automated ‘driver based’ model to simplify data management
Step 2: Find a budget planning solution which can be used easily by all relevant company operations
Step 3: Build a scorecard
Step 4: Get ready for rolling forecasting
Step 5: Analyse your way to business success
To explore these ideas and solutions in more detail please click here