Budgeting has always been at the forefront of every financial professional but in recent years the budget has become more important with budget committees more active as well as general managers and members. For years the club world has been using excel to produce budgets and forecasts, which at anytime can have errors in a cell which can replicate throughout the process. There are now tools to create scenarios and help the controllers with the budgeting process allowing for rapid scenario changes and complex payroll situations.
September 05, 2018
Hospitality Financial and Technology Professionals
Budgeting: Move Towards Automation