Financial Planning, Budgeting, and Forecasting - Removing the Hurdles
Financial planning, budgeting, and forecasting are three critical processes to define goals and serve as the roadmap to achieve these goals. These processes can be extremely detailed and time consuming, causing some employees to perceive them as barriers to productivity. While accuracy is essential, organizations should make these processes as straightforward as possible. This report illustrates best practices for each one by increasing communication and collaboration, enabling visibility, and implementing key technologies.