This article shows that budgeting and budgetary control procedures may be considerably improved and made more effective by abandoning spreadsheets and incorporating advanced information technology techniques into the process.
1 How may a ‘bottom-up approach’ to budgeting and planning, as described in the article, result in a cumbersome and complex process?
2 How do you think spreadsheets currently help Joseph in the budgeting and planning process?
3 What main benefits is Joseph expecting from its investment in ‘enterprise planning technology’?