CFO 4.0 - The Future of Finance 166. Financial Transformation Live: Navigating the Budgeting Process for Transformation Success
Feb 28, 2024
44:05
In this month's FTL episode on CFO 4.0, hosted by Hannah Munro, we delve into the intricacies of budgeting in the modern finance landscape. Focusing on shifting towards a more agile budgeting approach, Hannah shares invaluable insights and strategies to help finance professionals navigate the complexities of financial planning and transformation.
Join us as we explore:
- Introduction to Agile Budgeting: Understanding the need for flexibility in financial planning.
- Different Budgeting Approaches: A deep dive into incremental, zero-based, and scenario-based budgeting.
- Top-Down vs Bottom-Up Budgeting: Analyzing the pros and cons of each approach.
- Strategies for aligning budget projections with current business run rates to minimise the need for frequent rebudgeting.
- Discussing the journey from basic to leading-edge planning capabilities.
- The importance of involving department heads and teams in the budgeting process for better alignment and accountability.
- How to evaluate the effectiveness of your budgeting process and the value it adds to the organisation.
Links mentioned:
- February FTL: Navigating the Budgeting Process for Transformation Success
- Revisit previous Financial Transformation Live sessions
- Register for March's Financial Transformation Live session
- Reserve a free one hour review session with Hannah Munro!
- CFO 4.0 Monthly Briefing
- Financial Transformation Live Feedback survey
- Explore other CFO 4.0 Podcast episodes here.
- Subscribe to our Podcast!