BF_BUDGETING LINK_ Penton Media July 27, 2009 If you want to view this on the web go to: http://enews.penton.com/enews/businessfinance/v/202 ---------------------------------------- ADVERTISEMENT Business Finance and BPM Magazine have partnered with Palladium's Business Performance Conference! Join us in Miami, September 16-17 and discover how to Measure, Monitor, and Manage What Matters! Register using code BPMNL and SAVE $1000*! Click here or call 800.554.2111 today. Download the Brochure >> *Valid on new registrations only. Cannot be combined. http://www.thepalladiumgroup.com/events/exec/performance09/Pages/overview.aspx ---------------------------------------- TODAY'S ALERTS --Too Much Time Budgeting, Not Enough Time Planning Corporations spend too much time budgeting and not enough time planning. As you kick off the budget season, you should be thinking about how to derive more business value from the process. To view the full article go to: http://businessfinancemag.com/article/going-beyond-budget-0629 --Survey Finds Budgets Quickly Become Invalid Budgets don't work, according to a majority of participants in a Business Finance budgeting and planning survey. Sixty-five percent of survey respondents said they expected their current budgets to become invalid by the middle of the year and 20 percent of respondents said they expected their 2009 budgets to become useless before the year even began. To view the full article go to: http://bigfatfinanceblog.com/2009/07/20/budgets-becoming-worthless-quickly-sometimes-immediately/ --What "Dumb Stuff" Should the Finance Department Stop Doing? The finance department's workload is always growing, and managers are looking for ways to carve out time and space to take on this new work without increasing costs. The tough part is determining what to cut. To view the full article go to: http://bigfatfinanceblog.com/2009/07/06/get-smart-stop-doing-dumb-things/ --Eliminate the Monthly Close Sitting at the top of the list of "dumb stuff" finance teams want to eliminate is the monthly close. Business Finance readers told blogger and budgeting expert Steve Player that these financial statements are time-consuming to produce and add very little value. Player has suggestions for throwing out the monthly close while keeping your banker, who is used to a monthly financial report, comfortable lending to you. To view the full article go to: http://bigfatfinanceblog.com/2009/07/13/more-dumb-stuff-we-need-to-stop/ --Beyond Budgeting Books If you're looking for insights on the Beyond Budgeting principles and their application (as well as for general insights on improving organizational planning and control capabilities), check out this list of books. To view the full article go to: http://bigfatfinanceblog.com/2009/06/29/beyond-budgeting-books/ --Your Crystal Ball: Sales Forecasting and Demand Planning How integrated are your company's sales forecasting and demand planning (SFDP) activities? Combining these forward-looking functions can increase innovation and effectiveness. Read Ventana Research's Analyst Note "Integrate Sales Forecasting and Demand Planning" in the BPM Resource Center to learn more. To view the full article go to: http://resources.bpmmag.net/index.html?action=viewSponsors&sponsorID=11&userID=1363 --BPM Summit Presentation: Rethinking Planning, Budgeting, Forecasting, and Target Setting The 6th Annual BPM Summit brought together some of the business world's foremost practitioners to explore the transformational role of finance in the enterprise. If you missed the live event, you can still enjoy access to the audio and slide shows from the keynote presentations at our on-demand archive. To view the full article go to: http://bpmmag.net/summit/2008/ ---------------------------------------- Palladium and the BPM Summit http://www.thepalladiumgroup.com/events/exec/performance09/Pages/overview.aspx ---------------------------------------- Webcasts ---------------------------------------- Death of the Budget: The Rise of Continuous Planning and Forecasting in 2009 http://w.on24.com/r.htm?e=154192&s=1&k=D3F2F2ECC1E422800ECC743759626594&partnerref=newsletter How to Use CPM to Drive Profitability and Cost Optimization http://w.on24.com/r.htm?e=155260&s=1&k=C4878E9B962C090AA7652AE8B9C249EC&partnerref=newsletter ---------------------------------------- Video ---------------------------------------- How to Realize Merger Synergies: Susan Dettmar Cypra, principal, Archstone Consulting explains what steps companies need to take to better realize the revenue and profit gains a merger or acquisition promises to deliver. http://businessfinancemag.com/video/how-realize-merger-synergies-0715 ---------------------------------------- In this Issue ---------------------------------------- Business Finance magazine now FREE to qualified subscribers. 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