What should I consider regarding budget tools?
In a rapidly changing world, more and more companies are adopting agile approaches, including their attitude towards budgeting. It is becoming increasingly common to use tools and services that are flexible, allowing for rolling forecasts. Opening up to budgets that are revised based on the current situation is becoming more standard. However, the budget must of course be strongly linked to the business goals you have and serve as support for management and leaders. One tip is to keep budgeting as simple as possible – criticism of budgeting is that it can be hard to understand or even cumbersome to work with. Therefore, investing in a smart, simple, and modern tool is recommended. At BusinessWith, we list the best budget tools currently available in the UK market, so you can compare and choose the one that is most suitable for you.
Why should I have a budget tool?
Working without a good tool in place is doing yourself a disservice. Budgeting can be very repetitive for those involved, and an effective and automated budget tool saves both time and money. The tool should be a system support for planning and budgeting and be adaptable to how you work. A tool that integrates easily is a good bet. Involve finance, IT, and other departments to ensure you have the same mindset and approach once you decide to implement a tool. Welcome to compare budget tools with us at BusinessWith to easily find the one that fits your business best – and gain increased control.
Quick Guide
Quick Guide
BusinessWith's Tips for the Budgeting Process
A tedious necessity – or actually something that adds great value to the organization? Here are BusinessWith's best tips for achieving a smooth budgeting process. And remember, don’t forget to use our system guide and comparison service to find the budget tool that fits you like a glove.
Purpose of the budget. What do you want with your budget? How do you communicate this clearly to engage your employees? It may seem obvious, but many companies fail to clarify a proper and easily understandable purpose for the budget itself.
Engage employees. We mentioned it earlier – how do you explain the budgeting process in a simple way? And is it even necessary? BusinessWith believes that without employees involved in the budgeting process, it is difficult to move from theory to practice. Get everyone on board to achieve all of the business's goals.
Start early and use a tool. Without a budget tool or platform, it is hard to create a proper budget. BusinessWith has mapped out the best budget tools available in the UK market today. With us, you can read up, compare different features, and better understand what type of supporting tool you need for your business. Don’t hesitate to ask us if you need more help.
Description of product features
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Dashboards
Invoice information
Key figures analysis
Modelling
Multiannual planning
Rolling forecast
Work process control
