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BizReport : White Papers : Finance

Best Practices Kit - Budgeting, Forecasting and Reporting

The corporate budgeting, forecasting, and reporting process presents a formidable challenge to most companies, regardless of size or industry. Budgeting is often seen as burdensome and time consuming. Yet budgeting is also a crucial element of financial management, which in turn is a huge contributor to a company's overall success or failure. As a result, companies that are able to address budgeting obstacles and improve their process will be rewarded with:

  • More accurate budgets
  • More timely re-forecasts
  • Improved decision-making
Companies can overcome planning challenges and achieve these goals by applying budgeting and forecasting best practices and leveraging new technologies.

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