The Budgeting Process: Forecasting With Efficiency and Accuracy

While most companies have a budgeting and forecasting process in place and willingly acknowledge the value and necessity of such an exercise, many are utilizing tools that don’t support their company’s level of sophistication or size. The result can be a budget process that takes far too long, delivers inaccurate numbers, and frustrates those involved. Automation solutions exist for this process that can be effective, but it’s important to focus on those that are flexible enough to incorporate a company’s actual budget process.

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