Hand Pushing Button on Touchscreen - XLerant

Distributed Budgeting

At XLerant, we’re changing how budgeting is done… and who’s doing it Our clients use our flagship application, called BudgetPak, to distribute budgeting to the people driving the actual results. To understand why, read on. Who does the budget in your company? Chances are it’s the Finance department. Who drives the actual results of the…    Read More

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Money Bullseye - XLerant

RFP’s Don’t Work

  Many organizations still issue RFP’s for selection of software products. Issuing and RFP is an extremely poor way of evaluating software in today’s world, particularly end user software such as budgeting software. RFP’s are generally a generic wish list of historical features and functions that are also normally equally weighted. The process is outdated…    Read More

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Smartphone Map - XLerant

You can’t create an Interactive BudgetMap in Excel

Here’s a fundamental problem with the budget process we wanted to address. People don’t like budgeting. That’s really the elephant in the living room we’re all trying to navigate around, isn’t it? Here are some of the words I’ve heard line managers and department heads use to describe budgeting: Stressful… Intimidating… Frustrating… Confusing. I’ve heard…    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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Twin Traps - XLerant

Overcoming the Twin Traps of Impact Bias and Focalism

In a previous blog we talked about how Impact Bias and Focalism and lead to some really bad decisions. In a nutshell, the problem is we so focus on our personal needs when it come to business decisions — like what budgeting system to buy – that our perceptions get distorted. Like a fun house…    Read More

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Broken Excel - XLerant

15 Things You Can’t Do in Excel for Budgeting: #2

#2- You can’t have executives electronically sign off on budgets underneath them. We’ve all been there. You’re sitting in a budget review meeting and an executive says, “That can’t be right, you don’t have the right budget.” It seems the higher up the executive is making that statement, the longer the silence that follows… I…    Read More

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