Best-practice Budgeting

  • Source: IBM
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Each year, companies invest substantially to create an annual budget, spending heavily on specialty software, staff overtime, and temporary help for data entry. In a perfect world, these investments would deliver excellent returns—but often, they simply don’t. Learn budgeting, forecasting, and financial performance management best practices that can help you maximize budgeting benefits and minimize budgeting pain.

Featured Software Research:

Transforming Spreadsheets: Planning, Budgeting and Forecasting for Midsize Companies

  • Source: IBM
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This white paper describes how workgroups and midsize companies can transform their spreadsheet-only processes to create flexible and timely plans, budgets, and forecasts. It outlines recommendations for implementing a complete performance management system, using an integrated reporting, analysis, and planning solution purpose-built for workgroups and midsize companies. Read More

Ted's Montana Grill Finds Recipe for Faster, More Efficient Budgeting

  • Source: IBM
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  • Published: October 31 2014
IBM Cognos Express helps Ted’s Montana Grill reduce budget planning time by 75 percent, leaving more time for data analysis and enabling restaurant operators to improve profit margins. Read More

How is a BPM Project Achieved?

How can business process management (BPM) optimize business outcomes and performance?

BPM efforts have not been adopted as much as expected in the past decade, and process agility for operational excellence is still a distant goal for many enterprises. Extensibility issues and a lack of road maps are issues, as well as a series of economic events and general market instability that have redirected the spotlight to process optimization as the key to a sustainable profit model.

This white paper looks at some best practice approaches and pitfalls to avoid for optimal business results, and provides a framework for choosing “the right BPM project” for organizations. Nine critical challenges in adopting a core BPM approach are discussed, and several steps leading up to a successful BPM rollout for optimized business outputs are also given. The main risks associated with a BPM project implementation are then looked at.

Read this white paper for a concise and clear examination of the place of business process management in today’s competitive business performance landscape, and tips to help with successful implementation and management of BPM projects within organizations from the discovery stage right through to deployment.  Read More

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Financial Planning, Budgeting, and Forecasting in the New Economy

Although we're starting to see recovery from the recent economic crisis, market volatility is still a major factor influencing businesses to improve their financial planning, budgeting, and forecasting processes. The keys to effective financial planning, budgeting, and forecasting are embodied by a best-in-class approach that carefully considers all factors, adaptive planning, and collaboration. Get the details in this report. Read More

Best Practices for Budgeting, Forecasting and Reporting

Corporate budgeting, forecasting, and reporting presents a formidable challenge to most companies, regardless of size or industry. Companies that are able to address budgeting obstacles and improve their process will not only be rewarded with more accurate budgets, more timely re-forecasts, and improved decision-making, but also foster a disciplined financial management culture that will deliver a true competitive advantage Read More

Planning, Budgeting, and Forecasting Software Evaluation and Selection Guide

  • Source: IBM
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Enterprise planning—budgeting, forecasting, and reporting—is a crucial component of financial management that contributes to companies’ success. However, planning is often seen as a time-consuming burden. Find out how an enterprise planning system can help you deliver more timely and reliable plans and enhance strategic decision making, to more quickly identify, analyze, and forecast the impact of changes as they occur. Read More
 
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