Automating Budgeting and Forecasting for the Midmarket

Sponsored by Centage

  • Warning signs that indicate it’s time to make the move, and steps to minimize the costs and time frame required to implement.
  • Author: BPM Partners
  • Date: August 2013
  • Pages: 12
  • This white paper is available for Instant Download

Executive Summary:

When and how should an organization with revenues up to $250 million make its move from budgeting and forecasting that are based exclusively on spreadsheets, to a packaged application? How can the SME significantly lower its TCO (total cost of ownership) for a business performance management (BPM) solution? A valid starting point is to establish which processes urgently need automation and how dominant a factor implementation time will be in your system selection process. For some companies, especially those with very small IT departments, the amount of pre-configuration and built-in logic or financial intelligence are important; in other words, how ready the application is right out of the box.