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The article was written by Nick Nesbitt who is the Consulting Services Director at Tagetik UK.
The annual budgeting process can either accelerate or weigh down business responsiveness to market changes. If your competition has a dynamic and transparent planning process and the ability to quickly create drivers and scenarios and to reallocate resources accordingly, they are ahead of you.
This is particularly relevant for the banking and finance sectors, where planning is part of the compliance process.
So how can you be more responsive?
The answer is, automate. Adopt a flexible, dynamic planning approach that incorporates ... (read more)