19.3. Latest Generation of Budgeting and Planning Software
The new budgeting and planning (B&P) software represents a giant step forward for accountants. Finance managers can use these robust, Web-enabled programs to scan a wide range of data, radically speed up the planning process, and identify managers who have failed to submit budgets. More often known as active financial planning software, this software includes applications and the new level of functionality that combine budgeting, forecasting analytics, business intelligence, and collaboration. Exhibit 19.6 lists popular B&P software.
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