166. Financial Transformation Live: Navigating the Budgeting Process for Transformation Success

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In this month's FTL episode on CFO 4.0, hosted by Hannah Munro, we delve into the intricacies of budgeting in the modern finance landscape. Focusing on shifting towards a more agile budgeting approach, Hannah shares invaluable insights and strategies to help finance professionals navigate the complexities of financial planning and transformation.

Join us as we explore:

• Introduction to Agile Budgeting: Understanding the need for flexibility in financial planning.
• Different Budgeting Approaches: A deep dive into incremental, zero-based, and scenario-based budgeting.
• Top-Down vs Bottom-Up Budgeting: Analyzing the pros and cons of each approach.
• Strategies for aligning budget projections with current business run rates to minimise the need for frequent rebudgeting.
• Discussing the journey from basic to leading-edge planning capabilities.
• The importance of involving department heads and teams in the budgeting process for better alignment and accountability.
•  How to evaluate the effectiveness of your budgeting process and the value it adds to the organisation.

Links mentioned:

• February FTL: Navigating the Budgeting Process for Transformation Success
• Revisit previous Financial Transformation Live sessions 
• Register for March's Financial Transformation Live session
• Reserve a free one hour review session with Hannah Munro!
• CFO 4.0 Monthly Briefing
• Financial Transformation Live Feedback survey

• Explore other CFO 4.0 Podcast episodes here.
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