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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,...
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...
Top 5 Evaluation Criteria for Nonprofit Budgeting Solutions
Many 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...
Why The CTO Should Care About The Budgeting Application
While 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...
CFO’s Don’t Make Decisions Based on Cost
The 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...
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...
The Contemporary CFO and The Budget Process
The 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,...
Safe Is the New Risky
Did 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...
Budgeting to Strategy AND Making Budgeting Strategic to the Organization
Two distinct but related questions: Do you budget to strategy, or do you budget to history and politics? Is budgeting a strategic function in your organization, or is it a mechanical one? In many organizations, the days of putting numbers on a spreadsheet and calling...
