Almost 1 in 2 finance professionals say annual budgets are 'politically agreed numbers', which cease to be relevant after they’re set. Over 2/3 of respondents agreed that within 5 years the traditional budgeting process would be transformed into rolling forecasts.
Planning, budgeting and forecasting: an eye on the future is the first of three pieces of research KPMG's Enterprise Performance Management (EPM) team is conducting with ACCA in 2015.
The survey represents the views of over 900 finance professionals from more than 50 countries with the majority from organisations with an annual turnover of at least $100million.
An eye on the future (PDF 2.22 MB)