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What are corporate budgeting best practices? (Webinar Attendee Question)

Should the budget approval system be tailored to certain levels and departments of an organization, if any?

This question was asked by an attendee during the Proformative webinar "Planning and Forecasting Best Practices" held on March 7, 2013. Join the discussion and add your insights below.

Answers

Dallas Moody
Title: Director
Company: Carlson Management Consulting
(Director, Carlson Management Consulting) |

The system that we typically implement, Adaptive Planning, has a single workflow system, which requires each budget manager to submit their budgets to their superior who then approves and feeds up the chain. If the user doesn't submit their budget to the superior directly (i.e. they have a conversation over the budget and it is approved verbally), the superior can also submit and approve the budgets below them.

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