Report
Going Beyond Budgeting
CFOs say it’s finally time to slay the three-headed corporate budgeting monster.
Boston Consulting Group,
2021
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Recommendation
The ravages of COVID-19 on company balance sheets have opened executives’ eyes to the need for new approaches to budgeting and forecasting. Current processes often misalign incentives and force rigid decision making. Financial experts Sebastian Stange, Bjarte Bogsnes and Hardik Sheth explore a new process, “Beyond Budgeting,” that spurs agility, transparency and delegation within a customer-centric enterprise. Finance managers will find this a practical guide to better budgeting.
Take-Aways
About the Authors
Sebastian Stange is a partner and an associate director of corporate strategy at Boston Consulting Group. Bjarte Bogsness is chairman of the Beyond Budgeting Roundtable. Hardik Sheth is a partner and associate director of the Center for CFO Excellence.
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