As featured in the Institute of Finance & Management's (IOFM) July 2014 monthly report.
Traditional budgeting processes are rife with glitches, and controllers must work hard to ensure the usefulness and accuracy of these processes.
Yana McConaty, co-founder of Neubrain, explains four common budgeting challenges controllers need to be aware of and offers key best practices for keeping the budgeting process on track. From this interview, you will learn:
• How to improve ROI and perform in-depth analysis.
• Why you should use an evaluation framework that is based on priority.
• How traditional budgeting is often based on inaccurate assumptions.
• Why budgets are often set in stone and difficult to adjust.
This Controller’s Report article is reprinted with permission from the Institute of Finance & Management (IOFM), Copyright 2014, http://iofm.memberclicks.net/. All rights reserved.