Zero based budgeting can be a game changer for companies and institutions seeking greater sustainability or innovative ways to achieve a competitive edge. But is the benefit worth the energy and effort from the finance team? Download the Zero based budgeting brief to learn more about the pros and cons of this approach and to determine if this model is right for you!
Most finance executives have asked this question at one time or another – often after a particularly arduous budgeting cycle. Download the Decision Point Budgeting Brief to learn more about the top reasons and real-world examples detailing why finance teams have made the switch to purpose-built software, how they justified the investment, what to look for during the selection process, and the outcomes they have achieved.
A well-executed collaborative budgeting process has been proven to return a more accurate budget with increased ownership from participants. And it doesn’t have to be a complicated, time-consuming, and error-prone experience (even if your team has hundreds of participants with little financial expertise).
“A great strategy coupled with a culture of employee engagement leads to customer loyalty, better business processes, and improved profits.” — Jennifer Eversole, CPA
Engaged employees believe in their company, and they’re going to do what’s best to help move the company forward, even when nobody’s looking. They go above and beyond, not just because they want personal gain or recognition, but also because they want the company to succeed.
“If the user can’t use it, it doesn’t work.” — Susan Dray, Ph.D
Evaluating budgeting and forecasting software requires a delicate balance of desired features with the functional needs of your organization. Yet, one of the most important criteria in software selection is often overlooked or misunderstood: Ease-of-use.
Financial and budgeting challenges in the non-profit sector are unique, requiring innovative strategies and solutions. Learn why the very culture that makes nonprofits work can also impact sustainability. Turnover is a growing issue for nonprofits – demanding engagement and retention strategies. Technology can reduce liability, improve continuity, donor/grant transparency– and mitigate scrutiny.
According to a recent U.S. Census Bureau report, enrollment in two-year institutions has taken a downturn. This decline has left higher education institutions facing a pressing dilemma—finding ways to reduce costs and maximize investments. This shift has made strategic budgeting mission critical. Learn how to link departmental budget requests to campus-wide goals and the importance of fostering collaboration, visibility and accountability for a more transparent budget.
XLerant recognized by CFO Tech Outlook magazine, as one of the “Top 10 Budgeting and Forecasting Solution Providers 2016.” Discover why XLerant was selected as a leading provider at the forefront of tackling finance challenges with its cloud-based, purpose-built, budgeting software—BudgetPak.
This infographic is a summarization of a recent survey done from financial people at higher education institutions. It is fundamentally based on institutions that use Microsoft Excel for budget preparation but also supported with comparative data from institutions that use a specific budget application for budget preparation.
XLerant recognized by CIO Review magazine, as one of the “20 Most Promising Corporate Finance Tech Solution Providers 2015.” Discover why XLerant was selected as a leading provider at the forefront of tackling finance challenges for corporations and institutions with its purpose-built budgeting, forecasting and reporting software, BudgetPak.
Two-thirds of U.S. college and university budget directors give their Excel-driven budget process a ‘C’ grade or lower. A survey by XLerant, Inc., shows that while mounting economic pressures make budgeting and planning more critical than ever, most collegiate budget leaders say their process falls short.
XLerant was recently featured in Business Officer Magazine in an article titled “Self Service Budgeting at Drew University”. The article does a wonderful job of highlighting the challenges Drew University experienced with Excel based budgeting, and how the University partnered with XLerant to address them.
Published in the Journal of End User Computing’s Special issue on Scaling Up End User Development – Raymond R. Panko, University of Hawaii.
It’s all about building accountability and ownership of the numbers.
Find out how you can improve your budget process, shorten the cycle time, and win over your internal customers.
Put budget development in the hands of the people doing the actual spending.
From the Journal of Accountancy & Finance. Article authored by XLerant Co-Founder Lawrence Serven.