To stay on course, you need more frequent reporting. Creating rolling BVA reporting will help you regularly monitor how you're spending against your corporate forecast.
This could be something as simple as tracking actuals against the plan on a weekly basis. This can get to be a big workload to manage in Excel with the team.
Cobbler's automated BVA reporting helps show you not only where you are against your targets, but also how that compares to the previous period. Automated reporting allows users to log in at any time to see how they're spending, and because Cobbler has a real-time connection with headcount data, the majority of most of your business partners' spend will be available.
This type of budget reporting will help you understand if your budget cuts are having an impact and, if not, where you need to take corrective action.