Automation and data integration can transform budgeting among organisations, according to a guide by Vena Solutions. The guide highlighted how technological advancements can significantly improve the budgeting process and the value of an organisations budget. The benefits of these include eliminating manual tasks and reducing human error, increasing efficiency and freeing time for analysis. Finance leaders should familiarise themselves with the latest technologies around automation, such as drag-and-drop workflow designers, personalised roles with different access, approval, ad distribution permissions for each stakeholder, and simple standard, connected templates for managing business budget. To achieve this, finance heads must incorporate financial and non-financial information throughout the process.
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