High Impact Planning and Budgeting for High Growth Companies

Planning and budgeting are vital to smart, fact-based business decision-making, but many finance teams are mired in time-consuming, inefficient processes, using basic tools that deliver questionable results.

For midmarket organizations experiencing or aiming for high growth, inadequate planning and budgeting processes can hinder performance in a competitive business environment where volatility is the norm. After all, forecasts and targets set months in advance do not take into account new challenges or fresh opportunities that arise.

This article will consider an approach to budgeting and planning that is based on best practices and leveraging the cloud. This approach is designed to deliver agility, giving finance team members the information and tools they need to play an active role in steering the business through the ups and downs that accelerated growth brings.