Amid the COVID-19 crisis, the finance team faces some harsh realities and unique challenges as this year’s budgeting season kicks off. Traditionally starting in Q3, the office of finance must begin the critical budget process with incomplete and potentially inaccurate data and a lack of engagement from their business partners.
Finance teams, however, know that this will be the most challenging budgeting season yet but they must carry on as the December budget presentation to the board comes up quickly.
These teams need to face the challenges that follow a unique budget season, understand the obstacles they face, and get creative about solutions if they are to achieve their end of the year deadline.
Don't dread this budget season - be prepared for it!
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