Improving Your Budget Cycle: Introducing Efficiencies Into Your Process
4 ways to reduce your budget cycle time
Before the pandemic, 76% of finance leaders said resource constraints influenced the effectiveness of financial planning and analysis in their hospitals. Further, 65% were either not at all or only somewhat confident in their ability to quickly and easily adjust plans if business circumstances change suddenly. 1
Read this e-book to discover the importance of modern financial planning tools and the 4 ways to reduce your budget cycle time by:
- Consolidating relevant data into one place
- Automating your budgeting process
- Getting the right people involved
- Focusing on strategic activities
The need for increased efficiency and speed in the budgeting process has never been greater than during this time of continued uncertainty.
1 2020 Healthcare Financial Outlook: Performance Management Trends and Priorities. Syntellis Performance Solutions, January 2020.
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