Digital Tools Can Transform Planning, Budgeting, Forecasting, and Reporting

A new survey by Sage examines how CFOs around the world approach common business processes such as planning, budgeting, forecasting, and reporting. This year’s survey highlights the fact that technology and finance must work together to automate the planning, budgeting, and forecasting process. The survey found that 33% of financial professionals have made significant changes to their budgeting, planning, and forecasting cycles this year. The CFO has become an integral part of the technology evaluation and purchase process, unlike in times past when the IT department was solely responsible for making such decisions. For this reason, the selected ERP system supports the company’s financial processes and fits in with the rest of its technological architecture.