Organisations are continuing to evolve and are making several strategic decisions to change ways in which they operate, go-to-market, and evolve business models. Planning, budgeting and forecasting processes need to adapt to this change and must be embedded within any strategic changes implemented across organisations.
Measuring the effectiveness of the planning, budgeting and forecasting process can be done across several parameters. Examples include: defining clear roles and ownership, use of rolling forecasts, integration across planning and forecasting, use of technology tools and other measuring techniques.
Our survey drilled into a number of these practices to understand the current trends across organisations.
To drive better insight, we segmented “leading practice” organisations on the basis that they have replied positively to 10 or more of the 14 questions. These leading organisations represent some 23% of respondents, and the results are generally very similar across industry clusters, size of organisation and revenue.