
WBSRocks: Business Growth with Enterprise Software and Digital Transformation
WBSRocks podcast features in-depth conversations on customer experience, digital transformation, supply chain, eCommerce, industry 4.0, and enterprise software categories such as CRM, ERP, or analytics suites. The purpose of the show is to help CFOs, COOs, CEOs, and business owners with their daily commercial, operational, or financial challenges by taking a deep dive into business cases and processes, technology strategy and architecture, transformation initiatives, and business models. The show also offers an independent analysis of technology trends, various enterprise software vendors and solutions, and their mergers and acquisitions. Subscribe today to stay on top of digital transformation trends!
WBSRocks: Business Growth with Enterprise Software and Digital Transformation
WBSP309: Grow Your Business by Learning Budgeting Business Processes Best Practices, a Live Interview w/ a Panel of Experts
There are various ways of creating a financial budget. In fact, the key to budgetary planning is not to spend time getting 99% accuracy with your budget. It's the monitoring of the budget that matters more. So that you can take appropriate actions based on how far off you are from your budget. Budget planning is even more critical for industries with large amounts of inventory, heavy capital equipment, and human resources-driven industries. The budget planning could even vary across industries. So what are the features you need in a tool designed for budgeting?
In today's episode, we invited a panel of cross-functional experts for a live interview on LinkedIn who brings significant expertise to discuss budgeting business processes best practices. We covered many grounds, including the impact of supply chain and cash flow on budget and different methods of budgeting. Finally, we covered the difference between forecast vs. budget, strategic vs. regular budget, and incumbrance business processes.
For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.