In the following article, you will discover the author’s view on understanding Zero-Based Budgeting, the essential prerequisites for its implementation, and the main challenges related to this process.
Enrique Rodriguez, Finance Director - Headquarters & Procurement at Walgreens Boots Alliance, shared his experience implementing Zero-Based Budgeting (ZBB) in FP&A, addressing hurdles such as resource intensity and resistance to change. But more importantly, he outlined the critical success factors for establishing ZBB.
This article provides an overview of the topics and cases presented and discussed by the expert panellists in the "A New Age of Zero-Based Budgeting" webinar held on the 10th of October, 2023, as well as the results of our polling questions.
What are the key principles for the successful ZBB implementation? Check out the recording of this webinar to get the answer to this question.
In this article, Michael Huthwaite shares three steps to consider when implementing ZBB. Modern ZBB is not a slash-and-burn exercise. It is about applying the optimal cost structure to the right parts of the business in the right stages of maturity. It is about maintaining and growing revenue while cutting out areas with excess spending.
This article provides an overview of the topics and cases presented and discussed by the expert panellists in the webinar "A New Age of Zero-Based Budgeting" and the results of our polling questions.