What does "modern" budgeting and planning mean to you?

To me, “modern” budgeting and planning means moving beyond static spreadsheets and embracing real-time, data-driven decision-making. It’s about using cloud-based tools, automation, and collaborative dashboards that let finance teams and departments plan dynamically instead of once a year.

Modern budgeting focuses on agility — adjusting forecasts quickly as business conditions change — and aligning financial goals with operational data. It’s less about manual number-crunching and more about creating a connected, insight-driven process that supports faster, smarter decisions.

With the advancement of technology, AI and automation, traditional budgeting process is not sustainable. The modern budgeting and flexible forecasting is very critical if the companies wants to remain competitive in this environment. Budgets needs to be visited on a regular basis, and should be adjusted in line with trends and market conditions.