166. Financial Transformation Live: Navigating the Budgeting Process for Transformation Success

In this month's FTL episode on CFO 4.0, hosted by Hannah Munro, we delve into the intricacies of budgeting in the modern finance landscape. Focusing on shifting towards a more agile budgeting approach, Hannah shares invaluable insights and strategies to help finance professionals navigate the complexities of financial planning and transformation.
Also covered in this session:
  • Introduction to Agile Budgeting: Understanding the need for flexibility in financial planning.
  • Different Budgeting Approaches: A deep dive into incremental, zero-based, and scenario-based budgeting.
  • Top-Down vs Bottom-Up Budgeting: Analyzing the pros and cons of each approach.
  • Strategies for aligning budget projections with current business run rates to minimise the need for frequent rebudgeting.
  • Discussing the journey from basic to leading-edge planning capabilities.
  • The importance of involving department heads and teams in the budgeting process for better alignment and accountability.
  •  How to evaluate the effectiveness of your budgeting process and the value it adds to the organisation.
  • What is the change that we’re seeing in finance teams and what does that have to do with value?
  • How do we define value?
  • How value goes beyond economic impact
  • What are the components of economic value identification?
  • Examples of the value identification conversation
  • What this means for the skills in finance
Links referenced in this episode
      Receive weekly email alerts to new podcast episodes straight to your inbox!

      Listen on your favourite platform

      Graphic
      Listen on Spotify
      Graphic

      Listen on Apple Podcasts

      Graphic
      Listen on Overcast
      Graphic
      Listen on YouTube

      Don't miss the next episode!

      Register for free and receive an email alert when a new podcast has been released, just sign up below.

      Want to be a guest on the CFO 4.0 Podcast?

      Whether you're looking to be a guest yourself, or requesting on behalf of someone you think would be a great fit for our podcast, use the form below to fill out your details. The more information you can give about yourself (or the person you're nominating) the better. Feel free to include topic suggestions too!