The SAP Concur blog discusses challenges in county budget management post-pandemic, emphasizing zero-based budgeting, detailed expense categorization, and data-driven decision-making. Citing McKinsey and Brookings reports, it notes sales tax declines and recommends counties refine budget categories, update policies, and use data to forecast and approve spending.
SAP Concur published a podcast transcript featuring Accenture experts demystifying zero-based budgeting (ZBB). ZBB is not merely cost cutting but a management technique that reallocates resources to better align with business strategy by budgeting from zero. The discussion covers ZBB benefits, the concept of dual cost ownership, the role of technology, and change management. Experts note that ZBB improves resource allocation, enhances flexibility, and requires top-down sponsorship and continuous monitoring for sustainable savings.
SAP Concur and Accenture experts discussed zero-based budgeting best practices in a podcast. Zero-based budgeting does not start from the previous year's budget but from scratch, making budget holders and employees think through what they need to spend to achieve business strategy. Experts noted that zero-based budgeting is not a cost-cutting measure but a way to allocate resources to business strategy. Companies can use technology systems to gain spend visibility and operational reporting to understand budget deviations, supporting long-term growth and profitability.