Why it Matters
No matter what you are in business to do, you can only keep doing it when your finances are healthy. Too many organisations are unknowingly squandering away precious resources because they lack the means to achieve, accessible, meaningful and accurate insights into their financials.
Symptoms to look out for:
- Cost of casual labour or overtime is poorly managed or unknown
- When managers are asked to do their budget, they simply add X% to last year
- "What’s the point of forecasting? They are just a bunch of made up numbers"
- You see their eyes glaze over as you start talking about next year’s budget
The Business Impact:
- Labour expenses are higher than needed
- The world is not linear. Budgets are blown or departments spend unnecessarily to ensure they keep their precious budget for next year
- Forecasting has become a tick the box activity because managers don’t have access to real or near-real time information that makes sense to them. It’s a waste of time and missed opportunities
- The people making the decisions in your business are basically driving blind because they are in need of easy to access and understand information that is meaningful. You miss the opportunity to learn from mistakes and lack the information to know exactly where improvements can be made
How Cadence Software can help
It’s time to level up. Our expert team is working on an exciting new budgeting tool. From configuration and implementation, right through to impactful training and elegant report design, we’ll get your data to you in ways you never imagined. Watch this space for more information.