Employee Suggestion - XLerant

When the Employee Suggestion Box Meets Budgeting…

Remember the employee suggestion box? There might still be some relics mounted on a wall somewhere with a stack of paper and pencils nearby.   Can you imagine being the person responsible for translating all of those anonymous, one-to-two sentence thoughts into actionable organizational improvements? Today of course, technology is lending a hand.  A quick search…    Read More

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Budget to Strategy - XLerant

Documentation, Justification & Communication: Key Ingredients for Budgeting to Strategy

Ultimately your budget needs to be a numerical expression of the strategic plan. At XLerant, we believe the best way to align your budget to strategy is to reach out to the people on the front-lines – your employees!  But when your budgeting process engages multiple participants across the organization it becomes as much an…    Read More

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Businesswoman Success - XLerant

Employee Retention: How Your Budgeting Process Can Help You Engage (And Keep) Your Employees

Replacing lost talent is a challenge…to say the least. It costs employers and managers an extraordinary amount of time, resources, and energy when an employee jumps ship. We’re talking lost productivity, overworked remaining staff, lower overall morale, and lost knowledge – plus recruiting, interviewing, and training costs. According to Hay Group senior principal Mark Royal,…    Read More

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Burning Businessman - XLerant

Leaving Excel? What you need to consider when evaluating budgeting software.

Decision Point:  When should you leave Excel budgeting behind?  And when the time is right, what do you need to consider when evaluating budgeting software? Lots of organizations “make-do” year over year with their current budgeting approach (Excel, ERP, etc.) At XLerant we often hear the question: “When is it the right time to invest…    Read More

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Proactive and Reactive - XLerant

Accounting for Special Projects: Budgeting for Strategic Initiatives

To state the obvious: budgeting is complex. Budgeting for strategic initiatives or accounting for special projects makes it even more so. Sometimes you want your department heads to submit their own initiatives and other times you want to dictate to departments which initiatives they need to budget for. But either way – you always want…    Read More

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