Can the Budgeting Competency Gap Be Narrowed?

Topics:
Budgeting,
Business Process Management,
Strategic Management Tools
Tags:
Benchmarking,
Sales Force Management,
Sales,
Penton Media Inc.,
Forecasting,
Financial Services,
Finance,
ERP,
Enterprise Software,
Enterprise Resource Planning (ERP),
...
Source:
Penton Media

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Overview: An unmistakable gap in Budgeting, Planning and Forecasting (BPF) competency continues between world-class companies and less stellar organizations. According to research conducted by Houston-based American Productivity and Quality Center (APQC), a nonprofit process-improvement and benchmarking organization, top-flight businesses use leading practices such as the rolling forecast, a single instance of ERP software, activity-based budgeting and analytic applications. Average enterprises still rely on annual forecasting, multiple instances of ERP software, budgets driven only by financial metrics, and spreadsheets.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: HTML | Date: Feb 2006

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