Three Ways Business Intelligence Informs Budget Planning - Elite Forefront Newsletter Winter 2014
By Scott Randall, Advanced legal
When we approach the budget and forecasting process, it is with a mixture of real data, assumptions about past performance, and instincts about the future. In most law firms, additional financial data to drive important budget decisions is desperately needed. Business intelligence software can significantly enhance the relevancy of data that was previously locked away in the accounting system. Easy access to this data is critical to law firm managers developing both the budget and firm's strategic plan. Here are just three of the ways that business intelligence software informs the budget planning process.
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