Budgeting In Excel
No-one likes budgeting! However, there are keys to making it work across the organization regardless of technology. This webinar will discuss how to create and manage a real corporate budget in Excel, including Excel features that can be utilized to improve the process’ accuracy and scalability.
Budgeting is often a painful process for finance and non-finance professionals alike. The increased demand for more frequent and accurate forecasts has only increased that burden. For non-finance professionals there is the problem of differentiating between operational spend and capex, accruals and prepayments, depreciation and amortization, and for finance professionals there is the problem of producing accurate budgets from operational groups who don’t understand the finance world and have their own operational biases and assumptions.
This webinar will cover how the finance professional can approach the budgeting process and how that most common finance tool, Excel, can be used to guide everyone through. Specifically:
- Approaches to take with operational groups to increase accuracy and reduce the burden of budgeting
- Demonstrating how Finance can make the operational groups better at what they do and raise their performance profile
- Structuring the Excel files to provide maximum benefit
- Using Excel functionality to smooth the way through the process
- Discuss how to scale budgeting and planning beyond Excel using more scalable technology, without entirely abandoning the Excel that we know so well
Simon Turner - ACA, International Finance and Operations Executive
Simon has over 20 years’ experience in International Finance and Business. For the last 10 years he was VP, Finance and Oxford Immunotec Global plc, taking the company from early stage start-up in the UK to NASDAQ IPO in November 2013. In that role he built countless budget, forecasting, financial projection and capital structuring Excel files leveraging his earlier experience with Deutsche Bank and JP Morgan to develop complex yet accurate Excel files to aid financial decision making and resource allocations. Simon has a MEng in Chemical Engineering from Imperial College, London as well as MSc (Fin) from London Business School and is a qualified chartered accountant (ICAEW).
John Kogan - CEO, Proformative
John has been CFO at four technology companies, a finance executive at Cardinal Health, and in multiple roles at AlliedSignal and Cisco Systems. John has raised over $100M in equity capital and debt and has played central roles in numerous buy and sell-side transactions for both public and private companies. As COO at two companies, John also ran Engineering, Manufacturing and Customer Service operations. He has also founded, invested in and been a board member or advisor of a number of companies. John has a B.A. in Economics from Connecticut College and an MBA from the Fuqua School of Business at Duke University.