February, 2018

09Feb08:0010:00Fall in love with budgeting and forecasting all over againFri 9 February 2018 08:00 – 10:00 GMT08:00 - 10:00 Advanced Technology Innovation Centre - Loughborough University Science & Enterprise Parks Event Organized By: Business Intelligence and Strategy Event Type:Partner EventLanguage:English

Event Details

With so many challenges, budgeting and forecasting is often a frustrating and painful experience for many finance professionals, who have to also endure added pressure to improve costs, resources and performance through accuracy, efficient and better controls. It doesn’t have to be this way.

Spreadsheets are often the go to tool with around 90% of businesses using excel. However, there are sophisticated tools and software that can help to make the budgeting and forecasting process much more efficient. Yes they do exist!

What are the challenges?

Challenge 1: Delivering Top Down Budget and Forecast targets from the detailed bottom-up budget process will often create target shortfalls which often get filled by high level budget adjustments which are generallly not owned by the budget holders

Challenge 2: Many Budget and Forecast processes do not incorporate customer and/or product level detail due to the complexity and volume of data which then makes sales and gross margin variance analysis very high level

Challenge 3: Current budgeting processes aren’t as effective as they could be with high rates of inaccurate assumptions, tedious manual input and great amounts of time commitment across all areas of the business.

Challenge 4: Marketplaces can be unstable and volatile meaning that regular reforcasts are necessary. This impacts businesses who don’t have an efficient process in place for evaluating and changing budgets and plans when needed.

Do these challenges sound familiar to you?

More information here: https://www.eventbrite.co.uk/e/fall-in-love-with-budgeting-and-forecasting-all-over-again-tickets-40777660079


More Information


(Friday) 08:00 - 10:00


Advanced Technology Innovation Centre - Loughborough University Science & Enterprise Parks

5 Oakwood Drive, Loughborough LE11 3QF