Explained: Planning vs. Budgeting vs. Forecasting

Planning, budgeting, and forecasting are three financial terms that most people, even in the corporate world, often confuse. Maybe it’s because they often go hand in hand? Maybe. But all three are separate terms and topics. Planning, budgeting, and forecasting is a three-step strategic planning process that allows a company to determine and detail short- … Continued

Deep Dive: 3 Ways Enterprise Planning Changed in 2021

If business owners and CEOs learned anything in 2020, it’s that significant changes can happen without any warning signs. The COVID-19 pandemic has disrupted the way the modern enterprise functions. Being well-prepared for unpredictable challenges is crucial for enduring all the hardships brought on by sudden changes. After 2020, almost no enterprise can certainly “plan” … Continued

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