How COVID-19 Broke Traditional Budgeting and What You Should Do Instead (VIRTUAL SEMINAR)More Courses
BTB-WEB | Virtual Live & In-person | Basic | Scheduled
General knowledge of your existing planning, budgeting and forecasting processes recommended.
CPAs, controllers, treasurers, finance managers and CFOs in business and industry
Too often, organizations become trapped in an operating budget developed for an expected future that never happens. When reality strikes and uncertainty unravels all those hours spent negotiating targets, what's your next step? These challenges were the reality for most organizations in 2020 as COVID-19 broke the budgeting process. And unfortunately, 2021 looks just as uncertain.
Find out how to develop more effective budgeting processes that are more in line with modern-day realities and better able to respond to unexpected shifts. Gain clarity on how current budgeting practices -- which are rooted in 1920s concepts -- are broken for today's business world. Learn from the examples of leading-edge companies that have implemented new, better ways to plan in the 21st century.
- What's wrong with traditional budgeting
- Dealing with uncertainty
- Becoming future ready
- Tips for setting more effective targets
- Dynamic action planning
- Continuous resource allocation
- Rolling forecasts
- Companies that have moved beyond budgeting
- Tips for developing a winning financial planning and analysis (FP&A) function
Steve Player serves as the North America program director for the Beyond Budgeting Round Table (BBRT) and works with BBRT member companies to implement continuous planning processes. He has over 30 years experience with improving performance management and implementing strategic planning processes. He is also the managing director of Beyond EPS Advisors, a business consulting firm and founder of ABM SMART. He is the co-author of "Future Ready: How to Master Business Forecasting" and "Beyond Performance Management" as well as five other books. He writes the “Finance Transformation” column for Business Finance Magazine featuring CFO interviews from leading organizations on innovative finance and planning processes.