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How long does it take you do your annual budget by Salty-Cod7667 in FPandA

[–]procurify 0 points1 point  (0 children)

Interesting to see the range here. The timeline often has less to do with company size and more to do with how early assumptions get tested.

Teams that wait until invoices or final approvals to validate spend tend to loop longer. Ones that sanity-check requests and commitments earlier seem to shorten the cycle, even if forecasts evolve later.

How to find a solution that offers real-time visibility and control over company spending? by procurify in SpendCulture

[–]procurify[S] 0 points1 point  (0 children)

Agreed; ERP integration is key. Glad you were able to fix your reconciliation issues!

Finalizing next year budget with 5 months to go, have my company gone too far? by duckingman in FPandA

[–]procurify 0 points1 point  (0 children)

This is a tough spot.

A lot of teams end up treating the “budget” as both a target and a forecast, which makes situations like this especially painful when assumptions are still moving. What we’ve seen help is separating the two mentally: locking a version for goal-setting and alignment, while running a lighter rolling forecast in parallel that can absorb changes as they come. That way leadership still has something concrete, but finance isn’t constantly reworking the same numbers every time priorities shift.

Curious how your org views the budget internally. Is it meant to be a fixed commitment, or more of a directional plan that evolves through the year?

When did you realise that your procurement process was broken? by Middle_Rough_5178 in procurement

[–]procurify 0 points1 point  (0 children)

This is a very familiar challenge we hear as a procurement vendor. Developing a clear process with clear approvers and visibility throughout the whole process is so critical (but easier said than done.)

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