Read this article and give example of how flexible budgeting could be used effectively in other service industries identifying the industry example you are using:

CARROLLTON, TX -- UniFocus, a knowledge and performance management company for service industries, recently launched Watson, R.M. Budgeter, the hospitality industrys only flexible budget system. Watson, R.M. Budgeter protects against profit erosion by giving clients a powerful tool for analyzing revenue and cost trends, said Mark Heymann, chief executive officer of UniFocus, adding, The key to this analysis is the comparison of actual costs to pre-established standards. Performance is no longer measured against original budgets, but against costs that have been linked to the actual volume of business serviced. It is possible to discover new opportunities to maximize profit flow-through. The new system provides a streamlined budgeting process, flow through goal versus actual comparisons, use of existing charts of accounts and line items, zero-based analysis and calculation, improved performance and accountability and profit and loss evaluation availability at any time. Furthermore, the system provides month-end projections anytime, daily and weekly profitability reports, variable cost analysis, and short-term or long-term budgets. Watson, R.M. Budgeter knows both your budget and your up to the minute actual financial performance, added Heymann, Consequently, new budget plans, flexed to the current business reality, can be produced on the fly. The system offers new performance accountability, improved working capital management, increased bottom line performance and gap analysis between actual and optimal profitability, according to Heymann. UniFocus, a comprehensive performance management firm in the hospitality industry, offers full-service operational management analysis, systems, information and training to assist the hospitality industry in reaching optimum staff performance, guest satisfaction and asset value.