Like every regular task, the business forecasting and budgeting processes come along every year, and CFOs and budget managers put in great effort to get through it. Collection of data is one of the most exhausting jobs that pile up the unnecessary burden on the organization, leaving a lesser amount of time for successful planning.
Several financial leaders have come up with different ideas after realizing that it is not that complicated to improve the efficiency of the updated solutions used for budgeting and forecasting. To address various business expectations and demands, budget managers have continuously been using ongoing innovations in applications and tools. These carry dynamic cloud solutions, integration with real-time analytics, predictive models, and much more. Besides, deep-dive analytics, ML, and other statistical means
are being employed to eliminate biases in forecasts or cases of extreme optimism.
The ability to use every possible thing is how forward-thinking CFOs can thrive. Moreover, estimating where they can add profit to the organization so that these technologies act as a link between the traditional approaches of performing tasks and one that is more sleek, collaborative, and, most importantly, precise, is what will make them achieve their budgeting goals faster.
In response to such needs and demands, the CFO Tech Outlook editorial team, guided by industry veterans and analysts, has reviewed many firms in the budgeting and forecasting landscape and shortlisted the ones that are at the forefront of tackling the industry challenges.
We present to you CFO Tech Outlook’s Top 10 Budgeting and Forecasting Consulting/Service Providers - 2019.