No I don’t mean the execution of plans well laid and clearly productive. I mean the long drawn out boring, energy sapping, life-robbing process of preparing the annual corporate budget. It’s not this way for everyone but it… Continue reading
Tag Archives: Budgeting & Forecasting
“Streamlining month-end is the Holy Grail!” I heard a management accountant, let’s call her Emma, say at a networking lunch I attended as part of the CPA Newcastle Convention. Emma works for a $100M+ company and month-end currently takes 5 days and is really tough. Month-end has to be… Continue reading
The CFO at a $multi-billion manufacturing company gave me this awesome analogy:
“Picture yourself on the bridge of an ocean-going freighter. As Captain, it’s your job to guide that ship out of harbour and to sail it to New York.
Most large organisations use Excel for budgeting and forecasting. In our experience it is a huge and expensive problem.
Finance sends spreadsheets to people to collect their budgets and forecast. Continue reading
I recently asked Alister Cairns from UNSW if he could write a few words about how CALUMO has helped UNSW. What I received blew me away. Here it is. Continue reading