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How technology helps CFOs rejuvenate the planning and forecasting process


Join us as industry expert and author Steve Player discusses the impact that 21st century technologies such as social media, cloud computing, Big Data, and mobility are having on planning. See how when combined, these tools reinvent the planning and forecasting process, and also allow the finance team to stop with methods that are no longer useful.


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Abstract

Budgeting at most companies follows a process blueprint that was designed in the 1920s and has changed very little. When large computers came on stage in the 1960s and 70s, the budget expanded because transaction processing expanded. When personal computing exploded in the 1980s and 80s, accountants used spreadsheets to personally automate the 1920s blueprint. And while things are faster, the net result is just greater frustration. It time to fundamentally reinvent planning.