We all hate budgeting, but what can we replace it with?

By Andrew Burrows

When you look at the purpose of traditional budgeting, it’s not hard to work out that it doesn’t fulfil its purpose very well.

The shortcomings and frustrations are well documented, but if it did the job it was supposed to do, then it would just be another necessary process to improve.

Maybe LEAN could help.

Maybe RPA.

My argument in this article, however, that fundamentally traditional budgeting does not do what it’s supposed to do very well. As a concept it is not fit for purpose.

And therefore, we should find something completely different…

But what?

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Source: Generation CFO LI Group

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