Deloitte's research into planning, budgeting and forecasting has analysed the survey responses of over 500 finance professionals.
Integrated performance management
Plan. Budget. Forecast.
Macroeconomic challenges and increasing stakeholder and consumer demands mean that traditional planning, budgeting and forecasting (PBF) processes are no longer effectively serving the business.
In an effort to understand the reason for much of this frustration and why so little progress has been made, Deloitte carried out an in-depth survey of senior finance professionals from around the world and from a wide range of industries.
Survey responses suggest that organisational culture is a significant inhibitor of PBF effectiveness. An inability to change and align values and behaviours both in Finance and the wider organisation is the primary reason why organisations continue to struggle to improve this critical business process.
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For further information on Deloitte's planning, budgeting and forecasting report, or your results from our benchmarking tool, please get in touch by using our global contacts map.