Financial planning & budgeting: Navigating the Budgeting Paradox
5 min read - Budgeting, an essential pillar of financial planning for organizations, often presents a unique dilemma known as the “Budgeting Paradox.” Ideally, a budget should give the most accurate and timely idea of anticipated revenues and expenses. However, the traditional budgeting process, in its pursuit of precision and consensus, can take several months. By the time the budget is finalized and approved, it might already be outdated.In today's rapid pace of change and unpredictability, the conventional budgeting process is coming under scrutiny.It's…
