The Benefits of Budgeting as a TeamThe benefits of embracing a team approach to budgeting are extensive. Successful multi-participant budgeting leads to increases in innovation, accuracy, engagement, and more. Rather than finance teams wasting time trying to track down spreadsheets and fix broken formulas, they can focus on analyzing the data and making strategic decisions about the organizations most valuable resources…. Read More |
Why Collaborative Budgeting is important during WFH/hybrid workWhether you refer to it as “decentralized”, “distributed”, or “collaborative”, engaging multiple participants in the budgeting process can be a challenge, especially during today’s WFH/hybrid environment. Department heads are often not experienced in mainstream business practices like budgeting, forecasting and management reporting. Yet, engaging these individuals and gaining their expertise and insight during the budgeting… Read More |
