Process Improvement For Effective Budgeting And Financial Reporting (Wiley-2003)

We decided to write this book when we discovered that a majority of the companies we talked to had dysfunctional and low-value added processes for budgeting, fore- casting, and financial reporting. And, as financial executives come and go, typically little is done to streamline these processes. Even when large amounts of money are invested in new financial software, the solutions are usually put in place based on the old, inefficient routines. This locks a company into its past planning and report- ing habits, when changes really need to be taken to realign the processes with the current management team, company, industry, and economical situation. Such prob- lems were...