The longer budgets take to be determined, the less agile and responsive businesses are to change. Learn about the benefits to Budget Process Automation.
Our latest survey with ACCA revealed that an estimated 90% of businesses are still using spreadsheets for budgeting and forecasting, despite the inherent risks associated with this tremendously flexible tool. At the same time, more than half the respondents also said that they were happy with the current process even though it is Excel or electronic spreadsheet based. This dependence on an ordinary Microsoft Office tool is more a testament to the power of Excel than a commentary on the critical nature of budgeting and forecasting processes. After-all budgeting and forecasting is the cornerstone of planning activities and is something… Read more
Founded in 1904, the Association of Chartered Certified Accountants (ACCA) is the global body for professional accountants offering the Chartered Certified Accountant qualification. ACCA is one of the largest and fastest-growing global accountancy bodies with 154,000 members and 432,000 students in 170 countries. This week, we reveal many of the results and conclusions that came from the joint ACCA and Winshuttle Budgeting and Planning questionnaire. The questionnaire sought to understand how businesses globally are managing and undertaking budgeting and planning activities including the use of rolling budgets. It also helped analyse methods and technologies used for the launch, collation, agreement and… Read more