Number of Budget Versions before Final Approval

 

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The realm of planning and management accounting is a top priority. CFOs want to speed up workflows, control process costs, leverage talent, improve the precision of forecasts, and perhaps most important of all, generate sharp business analysis and advice. This article examines the metric "Number of Budget Versions before Final Approval" from APQC's Open Standards Benchmarking® data in planning and management accounting, and offers guidance as to how to improve upon this metric.

 

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