Over the last few years, unprecedented levels of economic upheaval have impacted many companies. Businesses have faced fundamental uncertainty from pandemics, rapid tech-driven disruption and shifts in consumer patterns. Having a well thought out forecast that factors...
by Medha Patel Like New Year’s Resolutions, corporate budgets are something a finance team is supposed to track throughout the year. All too often (and very much like resolutions), corporate budgets are created and immediately cast aside mere weeks into the...
Whatever industry your company serves, it’s easy to justify why using traditional budgeting is best for your organization for one overarching reason: it’s fairly simple compared to the alternative, zero-based budgeting. In a traditional budgeting framework, you...
by Kristina McMenamin Budgeting, budgeting, budgeting! It seems like we talk about it a lot, and yet even though it’s one of the most important processes for any business—big or small—to undertake, it is often one of the most daunting and difficult tasks to...
The vast majority of businesses create a budget for the year and then never look at it again (until the end of the year when they’re creating the budget for the following year). Sound familiar? We thought so. Because so few business owners actually take the time to...
by Kristina McMenamin One topic that seems to generate a lot of questions is budgeting. As I spoke to several business owners, they admitted to having spent days, if not weeks, pulling budgets together for a specific point in time–to present at an investor...
