dcsimg
 

Real

By Russ Banham  |  Posted 08-13-2002 Print Email

WEBINAR:
Live

The New Reality for Customer Engagement


Date: 5/31/2018 @ 1 p.m. ET

-Time Budgeting">

Real-Time Budgeting

FOSSIL INC.

before Each department had to submit a budget consisting of 90 spreadsheets that took weeks, if not months, to get approved.

now Spreadsheets were collapsed into a single database, so senior managers get financial forecasts every two weeks instead of every two months, as before.

NATIONWIDE FINANCIAL CORP.

before Forecasts did not come close to actual costs, forcing key initiatives to be slowed or scrapped.

now New software revises forecasts continuously and lets the CIO, CFO and CMO review the changes, enabling $4.5 million in savings on one recent project alone.

XILINX INC.

before Bad forecasts in the face of a collapsing telecom market led to $100 million of excess inventory last year and a plummeting stock price.

now Technology ties point-of-sale data from distributors to in-house marketing and inventory data, helping to keep inventories low amid a volatile market.



 

Submit a Comment

Loading Comments...
eWeek eWeek

Have the latest technology news and resources emailed to you everyday.

By submitting your information, you agree that cioinsight.com may send you cioinsight offers via email, phone and text message, as well as email offers about other products and services that cioinsight believes may be of interest to you. cioinsight will process your information in accordance with the Quinstreet Privacy Policy.

Click for a full list of Newsletterssubmit