Zero-based budgeting (ZBB) is less common than traditional budgeting and rolling forecasts. However, it’s been getting some attention in the last few years. Whereas traditional budgeting allows you to include items from the previous year, ZBB requires organizations to justify every dollar in detail.
Building a budget from zero might seem like a tedious process, but it can help you make the best decisions for your company in the long run. In this blog post, we’ll cover some of the pros and cons of zero-based budgeting. And, we’ll look at some questions you need to ask before getting started with ZBB in Hyperion Planning.Read More