There is so much competition for our attention in today’s information filled environment. Learning to effectively communicate through small financial reports (dashboards targeted to the end-user) is essential to staying above the noise and getting your message across. Communicating financial messages is inherently difficult. Generally people equate numbers with negative feelings. These negative feelings come […]
Annual Budget Process Assessment: Is Your Budgeting System Helping to Drive Results?
Stepping back once a year to take a high-level assessment of your budget system is a healthy exercise. There are four important questions related to the assessment process: Are critical users getting the budget-based financial tools they need to be successful? Is budget “ownership” core to organizational culture? Is budget awareness driving planning and enhancing […]
Creating Financial Expectations Is Healthy: So Why Do We Hide?
Human nature generally drives us away from what is uncomfortable to us. Managers want to succeed and they need multiple benchmarks to judge and measure degrees of success. Most managers are inherently uncomfortable with financial measurement tools and finances in general and they rarely view these tools as part of their personal arsenal of resources. […]
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