STAMFORD, Connecticut and LUCCA, Italy, October 27, 2016 /PRNewswire/ --
Presentation Will Address the Short and Long-term Steps Large Enterprises Can Take to Move Beyond Traditional Budgeting, Technology Considerations, and How to Enlist Support From Stakeholders
Tagetik, a leader in global performance management software solutions, will host the webinar "Beyond Budgeting in the Large Enterprise," the latest presentation in Tagetik's popular Progressive CFO™ series, on Thursday, November 3, at 9 a.m. Eastern Time, 3 p.m. Central European Time. Steve Player, the North American program director of the Beyond Budgeting Roundtable (BBRT), will discuss the shortcomings and pitfalls of traditional budgeting and why dynamic, driver-based planning is required for modern business. BBRT is a membership organization founded to help companies improve bottom-line performance through adaptive control principles and continuous planning techniques.
"The advantages of moving toward enterprise planning are significant. When done correctly, it makes the organization more nimble and better able to quickly respond to competitive pressures," said Player. "It also integrates the enterprise by breaking down siloes and incorporating critical data such as sales forecasts, production planning, and workforce needs into a holistic view of the business." Player is the co-author of Beyond Performance Management: Why, When, and How to Use 40 Tools and Best Practices for Superior Business Performance and Future Ready: How to Master Business Forecasting Beyond Performance Management .
Dave Kasabian, Tagetik chief marketing officer, will direct the conversation. The 30-minute interview will touch these and other topics:
- Common problems with traditional budgeting and how it can sabotage a business;
- The importance of accountable teams, ambitious goals, performance-based rewards, and the identification of key business drivers in effective planning;
- Scenario planning to mitigate risks and take advantage of opportunities;
- The benefits of comprehensive planning technology;
- Suggestions for enlisting support and managing change.
"For large and diverse enterprises, the traditional budgeting process is obsolete. Besides consuming huge amounts of time, traditional budgets typically yield static, outdated information that too often has little relevance to business stakeholders," said Kasabian. "More and more of our customers are embracing rolling forecasting, detailed scenario planning, and bottom-up processes that offer more relevant guidance and insight for managing performance."
To register for the complimentary webinar, click here.
Tagetik understands the complex challenges that face the Office of Finance and translates that knowledge into intuitive, enterprise-scale performance management software solutions that drive business results. With Tagetik, companies get the simplicity of the Cloud and the power to unify financial and operational planning; shorten the consolidation and close process; immediately analyze results, model and compare full financial statement impact of business scenarios; adjust strategic plans; seamlessly update rolling forecasts; produce formatted and auditable financial statements and management reports; collaborate on business reviews, and automate disclosure and board reporting. Tagetik has built-in financial intelligence so that CFOs, finance managers, and operations executives can orchestrate multiple or all processes in one software solution. More than 850 customers across 35 countries count on Tagetik to improve efficiency, reduce risk, save money and deliver results. For more information, visit www.tagetik.com. We get Finance. You get results. Follow us on social media:
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