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The Necessity of Collaborative Enterprise Planning
October 1, 2018
Budgeting is the backbone of most organizations’ management control systems. However, it’s also a practice that rarely adds value, with participants often involved in an elaborate game of bagging resources. Collaborative enterprise planning can overcome these weaknesses through a combination of re-evaluating management practices and employing the latest in collaborative intelligent finance solutions. There is no reason why this budgeting process can’t operate on a continuous basis. If activities need changing or new ones need to be introduced, just those parts can be re-planned as necessary.
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