The CFO Show Agile Finance: Strategies for Streamlined Annual Budgeting and Planning
Sep 10, 2024
In this discussion, Dominic DiBernardo, a Partner at Citrin Cooperman Advisors with expertise in corporate performance management, shares transformative insights on agile finance. He emphasizes the power of Agile methodologies in annual budgeting and planning. By leveraging real-time data, finance teams can shift from reactive to proactive strategies, enhancing collaboration and efficiency. Dominic also highlights the importance of rolling forecasts and cultivating a budget-conscious culture to adapt quickly to market changes and drive significant margin gains.
AI Snips
Chapters
Transcript
Episode notes
Plan The Timeline First
- Lay out a clear timeline and work backwards to assign what needs to be done, when, and by whom.
- This sets expectations and prevents wasted cycles or missed dependencies during annual planning.
Use A CPM Tool To Scale
- Implement a proper CPM tool to remove manual template development and scale planning processes.
- This condenses planning cycles and frees time for qualitative inputs and strategic initiatives.
Agile Turns Finance Proactive
- Agile lets finance move from reactive reporting to proactive decision support.
- Faster cycles keep finance aligned with the speed of business and enable earlier lever-pulling.