In the first blog in this series I asked the question: ’why, when everyone hates it, do we still have traditional budgeting?’ My tentative answer to this was that that most people were not aware of the alternatives.
This blog will describe some of the candidates and assess to what extent they address the weaknesses of traditional budgeting that I outlined: cost, timeliness, dysfunctional behaviour and inflexibility.
It’s difficult to think of a business process that is more unpopular than budgeting.
In nearly two decades of writing and talking on the subject I have yet to come across anyone who is prepared to stand up and say it is a good thing.
Before trying to answer the obvious question ‘why do we still do it, then’, it is worth reminding ourselves of the charge sheet levied against corporate budgeting:
Trying to predict the future of Business Analytics falls somewhere between the realms of technology hype and fantasy. There is no doubt that the size of data sets and the speed of analyses will continue to grow, but their success in business is rarely measured in these terms. What really counts is whether those systems can demonstrably bring about improved performance that would not be other realized.
prevero, a Unit4 company and a leading provider of Corporate Performance Management(CPM) and Business Intelligence (BI) solutions, today announced that Bond Dickinson has selected its software suite for business-critical performance management.
prevero, a Unit4 company today announced that Bond Dickinson has selected its software suite for business-critical performance management.
Introduction of prevero CPM solution set to replace the lack of transparency and time-consuming processing of previous Excel-based processes.
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