IT organizations at high-performing companies are backed by world-class IT budgeting and forecasting processes. The financial teams behind these processes achieve tremendous budgeting and forecasting performance (examples include forecast accuracy within 3% variance, monthly close cycles within 2 days, monthly forecasting beyond 2 rolling years, etc.).
If you're striving for "best-in-class," beware an often-overlooked obstacle to success: your corporate planning tool.
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