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Financial Planning and Budgeting

Financial planning and budgeting lay the foundation for any effective business plan. Without a clear set of goals and objectives and a financial plan, which supports those goals, managing your day-to-day business is akin to driving your car while looking in the rear view mirror.

Aberdeen's June 2007 Intelligent CPM: Aligning Day-to-Day Decisions with Corporate Goals report found that volatility in the market is driving 60% of companies to focus time and energy on performance related initiatives. The business climate is characterized by change and compounded by global influences spawning distributed environments and squeezed margins. In response, Best-in-Class companies focus on the future, tuning the planning process to improve efficiency as well as the accuracy of resulting budgets and forecasts.


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Thursday, April 10th 2008
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