BOARD & EY: Drive Strategy and Sustain Value Through Zero-Based Budgeting
What can a Zero Based Budgeting approach do for your organization?
- Manage Non-Strategic Costs: Identifies inefficiencies in organization cost structures -reallocating costs to boost top and bottom line for enhanced performance
- Redesign Operating Models: Results in a leaner, more agile organization through optimized organizational design, policies and governance
- Promote Accountability and Sustainability: Establishes accountability of costs and instils a culture of fiscal discipline driven by a value creation mind-set
- Fund Growth Opportunities: Frees up resources to invest in capabilities and drive growth initiatives
What unique attributes does the application feature?
- Links existing financial planning tools with new cloud-hosted budgeting platform
- Captures cost drivers and spend purpose – tying spend to performance objectives and overall business strategy
- Incorporates budget targets and plans by cost category
- Allows for set-up and continuous monitoring of spend to be embedded in the regular performance management process
- Provides real-time dynamic, interactive reports and visual dashboards
See how our technology is making a difference in finance departments across the globe and discover a new, innovative way to improve business processes within your organization.