Many companies have streamlined the budget process,developed business plans,and allowed analysts to be proactive in monitoring results by

Question

Quizplus · Accepted Answer

Implementing a web-based enterprise-wide budgeting solution is the best choice as it allows for a centralized, accessible platform for compiling and verifying data from multiple sources. It also facilitates proactive monitoring of results and streamlines the budget process. The use of spreadsheets can be error-prone and time-consuming, while adopting a two-year budgeting cycle may not be flexible enough to account for changing business conditions.

Many Companies Have Streamlined the Budget Process,developed Business Plans,and Allowed