In the last blog I commented on some of the unwritten rules of budgeting systems. Budgeting systems need to be more than ‘adding up’ machines. There are new innovations appearing all the time that are encouraging a new approach to budgeting. While most systems available support a traditional view to budgeting, these new systems are set to re-write the way organisations plan to help them focus on strategy implementation.
These capabilities include:
- Driver-based planning where organizational activities are linked as a ’cause ...