The traditional budgeting process is broken. It takes a long time, costs too much, and consumes too many resources. Plus, it’s fixed and inflexible, and can quickly become irrelevant. Organizations can embrace digital ledger technology to ease the pain and increase productivity. For example, access-controlled inputs from all participants helps project and predict how the business will perform. A digital ledger increases trust and data accuracy enabling better decision-making
Shortened Product Lifecycle
Over last few decades organizations are struggling with ever shortening of the product life cycle. The need to rapidly introduce new products given the rapidly changing consumer, competitive & technological landscape has been critical
Extended of Supply Chain
As organizations have moved offshore their supply chains have extended adding new layer of risks, lead time & opaqueness across R&D, Engineering, Operations, Procurement, Finance and external vendors, suppliers & contract manufacturers
Poor Collaboration
With global supply chains, organizations need to .dramatically improve trust, collaboration & information flow to effectively manage cost & competitive pressure
