Building Better Budgets: A Practical Approach to Implementing Iterative Budget Processes

Iterative budgeting processes offer many advantages. This approach is not only simpler and more efficient, but it also generates more accurate results and gives the organization greater insight and flexibility to achieve its strategic goals. But, how do we get there? Both cultural and operational obstacles can hamper effective process transformation.

Mike Sabbatis discussed the following:

  • Championing change inside the finance group and across the organization
  • Building out an achievable roadmap for execution
  • Designing and automating your budgeting process