CHICAGO - Jan. 18, 2016 - PRLog -- The Keystone Group, a boutique consultancy with a focus on creating value for clients across multiple industries in a collaborative framework, will offer insights and strategies for budget transformation in CFO Magazine's webcast, "CFO Playbook on Budgeting: How to Transform your Budget.” The popular webcast will take place Wednesday, January 20, 2016 at 2:00 p.m. Eastern time, and will last for one hour. Online registration is required.
The webcast brings together industry leaders to discuss how finance chiefs are beginning to re-evaluate their budgeting practices, and bring in new strategies and technologies. Panelists will discuss some of the most challenging tasks they face today, and how they are adopting new ideas to make budgets more effective and efficient.
The Keystone Group's Director Brian Stewart will share his expertise and insights in how budgeting today is challenging and often short-sighted, and will offer thought leadership in how the CFO's role needs to go beyond essential tasks to include overhauling current budget practices and rolling out new strategies.
But while new technologies are an essential part of the mix, Stewart says, "The key to successful budgeting involves the culture of the company more than the tool. There has to be buy-in at the top." There is a balance that must be achieved for success, said Stewart. "We need to balance a desire for extreme detail, with an organizational ability to manage, understand, and buy in at the highest levels to obtain that level of detail."
In discussing new technologies to consider, Stewart notes that for many organizations, something as simple as an Excel spreadsheet may be more than adequate, "But the CFO needs a skilled Excel jockey that can make the most of this tool to manage data load, analysis, and slicing and dicing to assist the company." Furthermore, regardless of the technology being used, Stewart says it is essential to adapt budgets and forecasts quickly in response to changes in the economic environment. "It is absolutely essential to be able to foresee potential changes, in order to optimize both the budgeting and strategic process," said Stewart. "Keep in mind, what worked in the past, may not be relevant today, and budgeting transformation is part of the adaptation that is necessary to gain the visibility that today's finance chief requires."
About The Keystone Group
The Keystone Group has a strong focus on accelerating value creation for its clients by working closely with clients as they transition through critical trigger points, including M&A, turnaround, and other value creation events. Targeting middle market companies, Keystone's goal is to deliver a 5x to 10x annual return on consulting spend, by driving successful outcomes for clients. Keystone boasts clients across many different industries, and particularly prizes its client relationships, many spanning over more than a decade. For more information on Keystone, please visit http://www.thekeystonegroup.com/.
Media Contact
David Schutzman
203 550-8551
david@davidschutzmanmarketing.com
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