 | The challenges of Small and Medium Sized Enterprises (SMEs), organizations with under $500 million in annual revenue, are no different from their larger counterparts when seeking to optimize working capital and planning for future business needs. Whether for sales, marketing, R&D, manufacturing, or IT, the budget demands must be effectively prioritized by financial executives and allocated carefully to ensure maximum business benefits are yielded. As with large enterprises, smaller companies are looking to improve their Financial Planning, Budgeting, and Forecasting (FPBF) by leveraging tools and processes that enable visibility into current cash positions. This Analyst Insight, based on research conducted between January and March of 2012, uncovers the strategies and capabilities among 118 SMEs used to improve their planning, budgeting, and forecasting initiatives. Request Free! |
