Financial Planning, Budgeting and Forecasting:

Managing in Uncertain Economic Times

How does your company compare and what are your next steps?

Start with Aberdeen's 5 compelling facts about best-in-class companies

  1. Produced 317% improved profitability through better planning, budgeting, and forecasting
  2. Are 36% more likely to reforecast as market conditions change
  3. Are more likely to apply "what-if" scenarios during the reforecast process to create higher budget accuracy
  4. 80% more likely to drill-down to successive levels of detail from summaries
  5. Reduced their budgeting cycle times by 24% year-over-year

New economic conditions are driving companies to become increasingly cautious about the near-term future. This report will serve as a roadmap to efficient planning, budgeting, and forecasting for improved agility, accuracy, and corporate performance.

Actions of Best-in-Class Organizations

Aberdeen reports that “the shift in best-in-class strategic actions from 2008 to 2009 is far from subtle. We see a complete flip-flop in terms of priorities year over year. The top strategy from 2008, automating process flows, is now at the bottom of the list, while last year's last place finish, improving data quality, is this year's main priority. Why the shift?”

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