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The Digital Transformation of Budgeting and Planning:

A Dedicated Application Makes It Possible

Transforming Planning and Budgeting

“Digital transformation” is a popular term that encompasses a range of fundamental changes caused or catalyzed by modern information technology. The internet and intelligent mobile devices have changed how people live, work, shop and communicate. While digital transformation is evident in our personal lives, both its results and its potential can be seen in the business sector as well.

Corporate planning, for example, can be digitally transformed and improved by applying technology to integrate more tightly the company’s budget with its business operating plans. Doing that can make the planning process more collaborative while reducing the time it takes to prepare, review and revise plans and budgets.

The medium for this particular change is dedicated planning software. Although this technology will not by itself bring about significant change, tighter integration between operationally focused business planning and financial budgeting will.

 
 

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