COMPUTERIZED BUDGETING MGMT 360 Budgeting has been a major part of forecasting how companies spend their money throughout the fiscal year. In most companies, the words “it’s budget time”, strike fear

COMPUTERIZED BUDGETING MGMT 360 Budgeting has been a major part of forecasting how companies spend their money throughout the fiscal year. In most companies, the words “it’s budget time”, strike fear

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COMPUTERIZED BUDGETING MGMT 360

 Budgeting has been a major part of forecasting how companies spend their money throughout the fiscal year. In most companies, the words “it’s budget time”, strike fear in the hearts of employees. Financial officers and management accountants brace themselves for reconciling reams of spreadsheets that may reveal wildly different data depending on order and configuration. Non finance employees in various divisions scurry to understand their role in the budgeting process and struggled to pull together the facts and figures they hoped would appear attractive to management. Traditional budgeting was carried out on a pad and pen, archived in countless journals and ledgers and often stored in boxes and crates.

Retrieval was a difficult task. Today, computerized budgeting (E-Budgeting) solutions have streamlined and transformed the budgeting process at all levels of an organization. This research will