Zero-Based Budgeting: SAP Concur and Accenture Discuss Aligning Strategy with Spending

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.