2015 is coming to an end, and so has your budgeting season. If you have been reading along, or even if you haven’t, here are a few facts we learned through different surveys and research throughout the year.
A study by Grant Thorton, LLP shows that only 36% of businesses use scenarios and “what-if” analyses to re-check possible outcomes of a strategy.
A study by F1F showed that, out of 1,200 senior managers surveyed yielded stastics like “17% of large businesses suffered financial loss due to poor spreadsheets, and 78% say that key financial decisions are supported by spreadsheets.”
Companies spend weeks or even months completing the annual budgeting process, because it is so important. But too many companies fail to supplement the annual budget with planning activities that could strengthen performance management, gain competitive advantage, and of course drive profit!
Read our white paper to figure out how NOT to be a statistic in 2016, and instead stay ahead of the competition.