With the proper process, tools, and feedback mechanisms in place, budgeting can be a valuable exercise for organizations and provide a solid mechanism for holding organizational leaders accountable. Having a proper monthly variance review process is one of the most critical factors in creating a more efficient and accurate budget. Monthly variance reporting puts parameters around what is to be expected during the upcoming budget entry process. When implemented effectively, it can have a significant impact on how budgets are developed and adopted.

Watch this webinar to learn more about budget process recommendations to improve efficiency, accuracy, and accountability, the importance of an effective monthly variance process and tools to support variance monitoring.