There’s a lot that goes into creating a stellar company budget — consulting with colleagues, analyzing historical data, estimating future performance, and months and months of valuable time. For many organizations, budgeting remains a time-consuming, manual process. What’s worse, basic budgeting can fail to surface opportunities for growth and innovation. But it doesn’t have to be this way.
A smarter budget process is automated, collaborative, and analytical. It’s as much about detailed analysis and intuitive projection as it is expenses and revenue. This guide will help you upgrade your budget process to better serve the interests of the whole organization.