Beyond the Budget

“Beyond the Budget” signals a shift in the way that organisations must
approach planning and delivering strategy.

The World, post credit crisis, has reconsidered its values. Dollars, euro and
pounds are no longer the sole ‐ or even main ‐ criteria for selecting among
competing investment opportunities. Strategy and financial planning needs to
move to a continuous process and away from the annual round.
The move means rethinking the role the CFO and accountants: away from
historical reporting and yearly budgeting; towards a long‐term, forward
looking, business partner.

A consequence of moving “beyond the budget” is a shift to outcome related
performance management – focusing on the factors that underpin and
determine future financial results. A few organisations were already moving in
this direction – and in this paper we have tried to distil the lessons to be
learned as they perform beyond expectations.

This digest is one of a series aimed at optimising use of SAP Enterprise Performance Management.

Read the full report (PDF)