Cycle Time in Days to Complete the Annual Budget

If you ask CFOs and business unit managers about their favorite time of year, few if any would say “budgeting season.” In some organizations, the budgeting process can start in June or even earlier and can drag on for months. But completing your annual budget does not need to be this painful or protracted.  After reviewing benchmarking data on cycle times for completing the annual budget, we’ll look at four practices that leading companies use to speed up the budgeting process.