EXPO 2017. Donington Park, Thursday 16th February 9am - 3pm

Networking in Loughborough Fall in love with budgeting and forecasting all over again

Who are Fall in love with budgeting and forecasting all over again?

With so many challenges, budgeting and forecasting is often a frustrating and painful experience for many finance professionals, who have to also endure added pressure to improve costs, resources and performance through accuracy, efficient and better controls. It doesn't have to be this way. Spreadsheets are often the go to tool with around 90% of businesses using excel. However, there are sophisticated tools and software that can help to make the budgeting and forecasting process much more efficient. Yes they do exist! What are the challenges? Challenge 1: Delivering Top Down Budget and Forecast targets from the detailed bottom-up budget process will often create target shortfalls which often get filled by high level budget adjustments which are generallly not owned by the budget holders Challenge 2: Many Budget and Forecast processes do not incorporate customer and/or product level detail due to the complexity and volume of data which then makes sales and gross margin variance analysis very high level Challenge 3: Current budgeting processes aren’t as effective as they could be with high rates of inaccurate assumptions, tedious manual input and great amounts of time commitment across all areas of the business. Challenge 4: Marketplaces can be unstable and volatile meaning that regular reforcasts are necessary. This impacts businesses who don’t have an efficient process in place for evaluating and changing budgets and plans when needed. Do these challenges sound familiar to you? We will be addressing the above challenges in our ‘Fall in love with forecasting and budgeting all over again’ event helping you to fall in love with the budgeting process all over again. Breakdown of the event: Introduction Case studies of inefficient processes Reliance on excel Disadvantages of only using excel Digital Transformation Demonstration of Jedox Timings of the event: 8am – registration 8:15am – start 9am – case study 9:15am – Q&A 9:30am – networking and refreshments (tea, coffee, bacon sandwiches and pastries)

Where do we Meet?

Advanced Technology Innovation Centre
Loughborough University Science & Enterprise Parks, 5 Oakwood Drive
LE11 3QF

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