Those who follow developments in FP&A closely have proclaimed a New Age of Zero-Based Budgeting. So what exactly does this mean? What do organisations find so appealing about this alternative to traditional budgeting, and how can we best implement it?
Scenario management plays a vital role in a world of irrelevant budgets and inaccurate forecasts.
In recent years, organisations all over the world have been undergoing a rapid digital transformation. New tools and technologies are opening up the possibility of more collaborative business processes, including planning.
In this incredible business environment of high uncertainty and risk, many organisations have found themselves in the realm of “Unknown Unknowns".
So how we can plan for Unknown? How can we achieve flexible and dynamic Financial Planning and Analysis (FP&A) processes that support decision-making under uncertainty?
This article provides an overview of the topics and cases presented and discussed by the experts at the webinar “Cash Flow Planning - Why the Traditional Profit-Driven Mindset Needs to Be Rethought”, as well as the results of our polling questions.
In the last couple of years, we have seen the business world turn upside down and organisations confronted with an ever-changing and dynamic environment. The traditional budgeting process is long obsolete. With most Organisations are not ready to abandon their traditional budgeting, Zero Based Budgeting is definitely a great way of improving and keeping the traditional budget relevant.