Top CFOs see themselves as catalysts of enterprise-wide collaboration and seek to empower business units with self-service analysis and predictive "what if" planning capability to anticipate future challenges to success. The status quo of using spreadsheets for financial performance activities is no longer acceptable due to their inherent risks and limitations. Just run a Google search on "spreadsheet errors" and you will read about some of the catastrophic outcomes that companies have experienced due to their reliance of spreadsheets. With[...]
Carlson Thought Leadership in Finance & Technology
Most organizations’ budgeting process is not truly aligned with its strategy and key participants are unable to clearly articulate the connections.
As famously proclaimed by former General Electric CEO Jack Welch, "the budgeting process at most companies has to be the most ineffective practice in management." One of the key reasons for ineffective budgeting is the disconnect between the budget and the company’s broader strategy. While it seems like an issue of common sense, most organizations’ budgeting process is not truly aligned with its[...]