AT XLERANT, we believe that employee engagement is an essential component of good financial practices...and that the best thinking comes from department heads who are experts in their areas.
SUCCESSFULLY ENGAGING department managers in the budgeting process – through positive communication and collaboration – is quite possibly the single most important element in achieving an accurate budget.
Engaged Employees = Better Business Results
Companies with engaged workers have 6% higher net profit margins* and 5x higher shareholder returns over five years.**
Budgeting can be a challenge, whether you’re a company with 20, 75 or even 200 budgeting participants. As with most things, the more people you engage in the process the more complicated, time-consuming, and error-prone the experience can be. But it doesn’t have to be.
How Your Budgeting Process Can Help You Engage (And Keep) Your Employees
Replacing lost talent is a challenge…to say the least. It costs employers and managers an extraordinary amount of time, resources, and energy when an employee jumps ship. We’re talking lost productivity, overworked remaining staff, lower overall morale, and lost knowledge – plus recruiting, interviewing, and training costs. According to Hay Group senior principal Mark Royal…
Building Corporate Reputation Through Employee Empowerment
A reputation is something you build. Which means that all companies have choice about how they want to be seen, and that’s pretty empowering. When your team sits down and talks about the kind of company you really want to “be”…
Ready to learn how BudgetPak can help you engage your budget holders?
XLerant provides cloud-based budgeting, forecasting, and reporting solutions designed with easy-to-use interfaces that make a complex process accessible for finance teams and budget managers alike. XLerant's software-as-a-service (SaaS) solutions serve small to mid-size enterprises that value collaborative environments as an effective way to engage employees and achieve their strategic objectives. The company's premier product, BudgetPak, has been recognized for outstanding usability, quick implementation, and exceptional support.