How To Turn Budgeting and Planning Into Competitive Advantage

Published On:
October 30, 2019
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In a presentation at the TX CPA 2019 CFO Controllers Conference, Steve Player, APQC senior research fellow and program director for BBRTNA/Live Future Ready, discussed the biggest challenges that organizations face when they use budgets and argued that organizations can avoid many of these challenges by eliminating budgets in favor of continuous planning and rolling forecasts. Player also shared examples of two organizations—American Express and Southwest Airlines—that have successfully moved beyond traditional budgets to more forward-looking approaches based on continuous planning.