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Speech Abstract: Investment-based Budgeting for CFOs
how a different budget format can reposition Finance from controller to a strategic portfolio manager
How can you judge the ROI on compensation, travel, and training? The truth is, traditional budget processes do little to assure the proper allocation of resources. Investment-based Budgeting requires a new format for budget submissions: the costs of the products and services departments' hope to "sell" internally as well as to external customers. Then, the budget process decides what the enterprise will buy from each department. Investment-based Budgeting cuts waste, aligns expectations with resources, aligns departments with enterprise strategies, and maximizes shareholder value. This presentation explains how Investment-based Budgeting works and a practical way to get started.
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