Planning, Budgeting, and Forecasting (PBF) is an essential business process in organisations, specifically within Not-for-Profits (NFPs).
The budget process enhances social equity and optimises the use of funds. Budgets, coupled with forecasts, provide a roadmap for NFPs that empowers their proactive executive decision-making. An optimised NFP Budget promotes transparency and best practice governance, which in turn enhances the confidence of donors and funding agencies.
In many organisations, the budget planning process can be a contentious task. Budgets can be a protracted, time-consuming process which is often undervalued. However, with commitment from the stakeholders, the right business process, and the adoption of the right technology tool as the enabler of service reach and enhanced social outcomes, significant improvement can be achieved, including optimised funding allocation and service delivery.
In this webinar, we dive deep into the potential of the technology component and the improvement opportunities it brings to the Planning, Budgeting, and Forecasting process. We look at how NFPs can:
Applying technology to support the Planning, Budgeting, and Forecasting process can contribute to: