The Knowledge Exchange / Business Analytics / The budget is not the only tool in the financial box

The budget is not the only tool in the financial box

When it comes to financial management there is one tool, commonly called the budget, that generally gets misapplied to all problems involving dollar signs. The complete toolkit looks more like this three-tier hierarchy. By using the right tool at the right time, your organization can react quickly to changing conditions, keep operational activities aligned with strategy, and maintain the integrity of your forecasting process.

Learn more about the toolkit in the full blog post: “Business Analytics 101: Budgeting, Planning and Forecasting.”

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