Better Planning: It's Not Just for Yanks
With public trust at stake and compliance requirements on the rise worldwide, financial and management reporting practices are changing in a hurry. U.K.-based public companies this year face far more stringent Operating and Financial Review (OFR) requirements that may force them to explicitly detail how well they have performed to plan — or they may not, depending on how strictly OFR is enforced.
Either way, it's another nail in the coffin of spreadsheet-based budgeting processes. Dedicated planning applications are what's really required to collect and report operating and financial performance metrics.
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