The Progressive CFO series has provided a good account on the trends of budgeting process for large organizations.

With the development in mobile computing over the past couple years, the planning and budgeting process has evolved in a few key areas:

  • Time dimension – the turnaround time is shorter
  • Nature of budgeting and planning – focus more on forward views rather than historic transactions, building multiple scenarios
  • Strategic value has increased – as a result of ability to generate different scenarios quicker.
  • Constant monitoring of drivers – no longer seeing budgeting & planning as a quarterly/half-yearly/annual exercise.

In summary, velocity has transformed the nature of budgeting and planning.

View the full webinar here.

Share This