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Many companies use an antiquated system for planning, budgeting, and forecasting (PB&F)

Accounting

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Many companies use an antiquated system for planning, budgeting, and forecasting (PB&F). What are some of the problems with traditional PB&F processes, and what are some ways companies can overcome these problems?

What is the difference between a zero-based budget and a rolling forecast? How can these budgets improve a company's PB&F process?