Why Lean Requires Moving Beyond Budgeting
Finance leaders are eager to help support the objectives of lean transformation. But those leaders often learn that many of their long standing finance processes are not lean and in many cases actively work against lean adoption. This is particularly true regarding annual budgeting.
The good news is that many companies have overcome these issues by moving Beyond Budgeting to become Future Ready. In this session, noted author Steve Player shows you exactly why budgets are full of waste, how you can build your case for change, and what principles and practices will help you build a lean planning process that fully supports lean transformation. Best of all, Steve illustrates these points with numerous case examples of companies who are already doing it.
“In this session you will learn…”
- how to identify the details behind each of the 8 wastes that fill your budgeting process.
- how to use the change formula to document your case for change.
- how the 12 Beyond Budgeting principles help you separate the objectives of your current budgeting process and then identify better ways to achieve each of its individual objectives.
- how to handle any implementation objections by using successful implementation case studies to address questions.
About the Facilitator:
Founder and Managing Director, Live Future Ready
Program Director, Beyond Budgeting Round Table North America
Steve Player is the founder Live Future Ready – a member-based community of practice that implements more effective ways to plan and control operations. These approaches focus on creating lean, agile organizations that consistently deliver above average performance. In addition to speaking and training, Steve works directly with member companies to implement advanced approaches to continuous planning and performance management.
He is the co-author (with Steve Morlidge) of Future Ready: How to Master Business Forecasting and co-author (with Jeremy Hope) of Beyond Performance Management as well as five other books. He regularly interviews CFOs from leading organizations on innovative finance and planning processes as part of the website CFOThoughtLeaders.com. Steve’s work in helping companies implement rolling forecasts and move Beyond Budgeting has been featured in CFO Magazine, the AICPA’s Journal of Accountancy, Entrepreneur, Financial Times, and numerous other publications.
Steve has over 30 years’ experience with improving customer profitability, strategic cost analysis, performance management and implementing strategic planning processes. He is also the Managing Director of Beyond EPS Advisors, a Business consulting firm, and founder of ABM SMART.