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Budgeting: Technology, Trends, Software Selection, and Implementation
 
 
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Budgeting: Technology, Trends, Software Selection, and Implementation [Hardcover]

Nils H. Rasmussen (Author), Christopher J. Eichorn (Author)
5.0 out of 5 stars  See all reviews (1 customer review)

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Book Description

0471392073 978-0471392071 October 2, 2000 1
Essential Budget Planning for the 21st Century Corporation

Today's corporations are more competitive, dynamic, and, consequently, more powerful and successful than ever before. As a result, the days when corporate budgeting was merely an obligatory, routine process of estimating the coming year's revenues and expenses have long ended. Successful corporations are constantly improving their ability to predict their future operations and their related resource requirements, enabling them to adjust their plans as needed and stay ahead of the competition. Not only does this heighten the importance of the budgeting and planning process, but it also changes the traditional roles of spreadsheets, legacy budget systems, and software created in-house. Budgeting shows corporations how to achieve and maintain their edge through modern budgeting systems and the use of good budgeting software. This book provides comprehensive guidance through the range of considerations that are crucial to streamlining the budget planning process:
* What corporations should be looking for when buying or building a new budgeting solution
* How to select the right budgeting solution from the field of vendors
* How to successfully implement a new budgeting solution
* How to fully utilize the Web

. . . plus helpful lists and questionnaires, and interviews with managers from leading companies who have effectively created internal processes and implemented software solutions. Equip your corporation to excel in the twenty-first century with the tools and information offered in this invaluable resource.

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Editorial Reviews

From the Inside Flap

For years, companies have perceived their budgets simply as a mandatory estimate of the upcoming year?s revenues and expenses. In the contemporary corporate world, however, this attitude is quickly changing as the marketplace becomes more competitive and more global. To maintain their cutting edge, strong corporations are constantly striving to increase their accuracy in predicting future operations and related resource requirements. As a result, the importance of the budgeting and planning process has increased dramatically for today?s corporations and markedly changed the traditional roles of spreadsheets, legacy budget systems, and software created in-house.

This indispensable book provides CFOs, controllers, budgeting managers, and anyone involved in the budget planning process with an in-depth examination of modern budgeting and technology, including how to select the correct software and ensure that implementation takes place smoothly.

From the basics of what corporations should look for and how to mine the vast field of vendors to find it, to achieving a streamlined, competitive, and highly effective budget planning process, Budgeting:

  • Discusses how the Web is becoming a delivery vehicle and a platform for most budgeting systems
  • Shows how to evaluate and select budgeting software
  • Provides interviews with managers at leading companies who have successfully created internal processes and implemented budgeting software solutions
  • Lists and categorizes major budgeting software products and vendors
  • Provides a comprehensive list of Request for Proposal questions
  • Provides popular ratios used in connection with budgeting and analysis

Ensure your company?s future with upgraded budget planning practices and routines?and ensure a successful, competitive, and profitable new millennium.

From the Back Cover

Essential Budget Planning for the 21st Century Corporation

Today's corporations are more competitive, dynamic, and, consequently, more powerful and successful than ever before. As a result, the days when corporate budgeting was merely an obligatory, routine process of estimating the coming year's revenues and expenses have long ended. Successful corporations are constantly improving their ability to predict their future operations and their related resource requirements, enabling them to adjust their plans as needed and stay ahead of the competition. Not only does this heighten the importance of the budgeting and planning process, but it also changes the traditional roles of spreadsheets, legacy budget systems, and software created in-house. Budgeting shows corporations how to achieve and maintain their edge through modern budgeting systems and the use of good budgeting software. This book provides comprehensive guidance through the range of considerations that are crucial to streamlining the budget planning process:
* What corporations should be looking for when buying or building a new budgeting solution
* How to select the right budgeting solution from the field of vendors
* How to successfully implement a new budgeting solution
* How to fully utilize the Web

. . . plus helpful lists and questionnaires, and interviews with managers from leading companies who have effectively created internal processes and implemented software solutions. Equip your corporation to excel in the twenty-first century with the tools and information offered in this invaluable resource.

Product Details

  • Hardcover: 304 pages
  • Publisher: Wiley; 1 edition (October 2, 2000)
  • Language: English
  • ISBN-10: 0471392073
  • ISBN-13: 978-0471392071
  • Product Dimensions: 9.3 x 6.4 x 1 inches
  • Shipping Weight: 1.3 pounds (View shipping rates and policies)
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Best Sellers Rank: #1,989,952 in Books (See Top 100 in Books)

More About the Author

Nils H. Rasmussen is the CEO of Solver, Inc., a successful international technology company that he founded and has presided over for the past 15 years. He has led the company and its subsidiaries to complete close to 1,000 Business Intelligence implementations in more than 20 countries. His company has received several national and global awards, including Business Intelligence Partner of the Year from Microsoft. Nils is an international expert in Business Intelligence software and Corporate Futuring. He is a bestselling author and a public speaker on the subject.

Using his background from Business Intelligence and forecasting technologies as well as his passion for future studies, Nils has co-founded the Rasmussen & Schoyen Think Tank that develops methodologies and solutions to anticipate, create and manage the future. The Think Tank delivers projects such as "Las Vegas 2020", which became an official selection at the World Future Society's annual international conference in Vancouver, Canada.

Before launching Solver in 1996, Nils worked with planning and forecasting for a leading, global manufacturing company, Helly Hansen, and an international telecom company, Telenor. Prior to entering the field of software technology he co-founded a newspaper covering the job market for people seeking employment, with emphasis on forecasting future trends in the various growth sectors of the economy. He is also the co-author of "Secrets of the Executive Search Experts" - the U.S. bestselling book for companies on how to assess and recruit people -and in recent years several leading edge technology and performance management books published by Wiley & Sons; "Budgeting", "Process Improvement", "Business Intelligence" and "Business Dashboards".

Nils graduated with a business degree from University of Oregon, Eugene, Oregon and an International MBA from Thunderbird, American Graduate School of International Management in Arizona. He is a member of the World Future Society.

Personal Web-site: www.nilshrasmussen.com

 

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11 of 13 people found the following review helpful:
5.0 out of 5 stars Excellent for software selection and implementation, October 4, 2000
This review is from: Budgeting: Technology, Trends, Software Selection, and Implementation (Hardcover)
I found this book to be very practically oriented and extremely helpful for me to understand new trends in budgeting, but most of all to help me plan for the purchase and implementation of a new budgeting software in our corporation. It helped us find qualified vendors, and the attached RFP (which also was downloadable as a Word file from the publisher's Web-site) literally saved us thousands of dollars by eliminating the need to write an RFP from scratch. I also found the various report examples, contract examples and the sample project plan very useful. Overall, this was the only book I have found on modern budgeting and budgeting software, and I was pleasantly surprised how helpful it has been to us.
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Inside This Book (learn more)
First Sentence:
For years, companies have viewed their budgets simply as a mandatory estimate of the upcoming year's revenues and expenses. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
modern budgeting systems, budgeting software vendors, significant budget variances, abandon budgeting, budgeting solution, ware usage, budgeting package, budgeting today, software selection process, budgeting application, budget software, budget users, budgeting model, budget model, touring skis, racing skis, budgeting tool, line item detail, budget version, budgeting process, budget system, rolling forecasts, multiple charts, top factors, spreadsheet model
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Microsoft Excel, Other Operating Expenses, Big Five, Interest Income, Minority Int, Operating Profit, Total Financial Items, Windows-based Vendor, Income Statement Company, Operating Revenue, Great Plains, Interest Expense, Windows-based Company, Net Revenue, Server Web, Vendor Platform Product, Quarter Quarter Quarter Quarter Total Telemark, Social Expenses, Total Sales
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