Employee Retention: How Your Budgeting Process Can Help You Engage (And Keep) Your EmployeesReplacing 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 |
Building Corporate Reputation Through Employee Empowerment“The way to gain a good reputation is to endeavor to be what you desire to appear.”– Socrates A reputation is something you build. Which means that all companies have choice about how they want to be seen, and that’s pretty empowering. When your team sits down and talks about the kind of company you… Read More |
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 |
Accounting for Special Projects: Budgeting for Strategic InitiativesTo 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 |
Top 5 Evaluation Criteria for Nonprofit Budgeting SolutionsMany people feel that “budgeting is budgeting” regardless of the organization that you are in. That is not always the case. Nonprofit budgeting is a great example. Effective, precise budgeting is far more essential in an organization with slim margins and organizations that need to carefully manage cash. No where is this more true than… Read More |
Why The CTO Should Care About The Budgeting ApplicationWhile CTO’s have always been very busy people, these days the job is even more taxing with constantly evolving software, technology platforms, and now the introduction of cloud computing. That said, there is one application area that has slipped outside the boundaries of the CTO sphere of influence. This application has become mission critical and… Read More |
CFO’s Don’t Make Decisions Based on CostThe CFO job is a tough one. There are a plethora of ideas that need to get funded…and most are very good ideas. How do CFO’s make critical decisions in their organizations? The common mistake is thinking is that a CFO will make decisions on cost. The truth is that a good CFO will never… Read More |
The Case for Collaborative Budgeting in Higher Education“Collaborative Budgeting” is a hot concept in higher education. It is the process of gaining more participation in and ownership of the budget by faculty and staff department heads, providing more transparency to the budget and showing how the department heads will support the institutional strategy as opposed to simply budgeting to history or politics…. Read More |
The Contemporary CFO and The Budget ProcessThe following article draws from, and expands on, an article entitled “How CFO’s Have Evolved From Bookkeeping into Corporate Leaders” by David Dewolf The CFO’s role is changing for the good. A recent Entrepreneur article by David DeWolf, captured the essence of this new kind of leader. The days of old CFO’s who try to… Read More |
Safe Is the New RiskyDid you know that more people die in crosswalks than jaywalking? The reason is because people have a false sense of security in a crosswalk and don’t feel compelled to pay attention to what is going on around them. The same can be true for other aspects of life…or business for that matter. People (and… Read More |
