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LINKING STRATEGIC PLANNING TO OPERATIONS

Budgeting, Financial Management and Forecasting with Scorecards, Dashboards and Business Intelligence

It's time to start thinking about the budget and plan for next year - maybe a month of meetings and a month of putting it all together. Unfortunately, this can be just the beginning of what seems like a never ending cycle of meetings, spreadsheets, more meetings and more spreadsheets. After months and months of work, when the plan and budget are ready to be implemented, it's already the third quarter of the fiscal year. The plan is out-dated and the company is then trying to plan and budget for the following year. Never mind the fact that while the budgeting and planning process is taking place, the company still operates and managers and senior executives still want answers to questions "How am I doing?" and "Why am I doing it?".

In this web seminar, we will explore how to link the essential business functions of planning and budgeting with scorecards, dashboards and business intelligence.

Topics covered will include:

  • The planning process
  • How balanced scorecards answer the question of "How am I doing?"
  • How business intelligence answers "Why?"

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