Additionally, most organizations lack the tools to effectively organize their budgeting process and their data. Having accurate match-back capabilities with actual results is key for both tracking purposes and executive decision making.

You may need new budgeting tools if:

• Your budgets live in spreadsheets
• Your financial reporting tools cannot handle the budget comparative and forecast reporting scenarios needed, pushing budget reporting into spreadsheets
• You have a disconnect between your budget data and your actuals–which may extend your reporting cycle, diminishing the value to budget reports