How Many Budget Versions Does Your Organization Go Through?

How Many Budget Versions Does Your Organization Go Through?

(Houston, TX - March 11, 2008) - APQC has released a metric snapshot of the cycle times required to complete organizations' annual budget processes. The snapshot is based on APQC's Open Standards Benchmarking CollaborativeSM (OSBC) research, which indicates a surprising similarity in performance among many of the survey participants regarding the number of versions produced within the budget cycle at the top (3), median (3), and bottom (6) iterations.

Comparisons made among peer groups (demarcated by revenue greater than or less than $1 billion) follow roughly the same pattern.  Again, the number of budget versions at the top are half those at the bottom.

Are organizations learning to better manage the strategic planning and approval processes for new corporate budgets? Based on survey responses, the data clearly shows that top performers are achieving success in controlling the production, review, and approval process within the budgetary cycle.

If your organization is interested in finding out at no cost how its cycle time processes compare in terms of efficiency and productivity metrics, we invite you to participate in APQC's planning and management accounting and internal controls surveys.

In return for participation, you will receive a complimentary detailed, personalized report comparing your organization's performance against the OSBC database. Of course, APQC keeps all data confidential according to the rules laid out in the Benchmarking Code of Conduct (www.apqc.org/bmkcode).

To learn how your organization can benchmark additional financial management areas at no cost, visit www.apqc.org/fm. Available surveys include: 

Media Contact

Liz Greene   
214.350.7236
liz@mpdventures.com

Note: Additional metrics, high resolution charts, case studies, and interviews are available to support specific editorial needs.

(The top level is the performance level above which 20 percent of the responses fall; the bottom level is the performance level above which 80 percent of the responses fall.)