Budgeting and planning is an area of finance that is long-established yet ripe for change. There is widespread dissatisfaction with the budgeting process. Nearly all business people regard it as a waste of time and resources. Typically, it eats up 10 to 15 percent of the finance organization’s time, and it takes five to eight months to complete the full cycle in large organizations. Worse, people usually view budgets as being out of date almost from the start and as having little or no strategic value.The benchmark research on planning and budgeting covers the challenges and best practices of organizations while revealing what is needed to improve their use of planning and budgeting. The webinar will cover many key research findings to improve use of planning and budgeting in your organization including:
• Only half of organizations’ plans are accurate.
• It is not possible for two-thirds of companies to investigating the details of the budgets in real time.
• Heavy use of spreadsheets in 59% of companies limits the effectiveness of the process.
• Companies are painfully aware of the shortcomings of their process since two thirds of organizations participating in the research are planning major modifications to their planning and budgeting.
For more information on how to benchmark your organization's maturity and competency in people, process, information and technology using our research or how to use the Value Index, please contact sales@ventanaresearch.com.
Not sure where to start? Leverage our research to gain education on best practices and make immediate improvement:
• Download the executive summary to learn more about this research.
• Listen to the webinar to gain a better understanding of how it can help you.
• Access our full range of education and fact-based research through Ventana On-Demand.
• Determine how to improve your people, process, information and technology efforts.
• Contact us to learn how to benchmark your organization’s maturity and competency.
Members of the media who are looking for further information should contact marketing@ventanaresearch.com
