c. myblog

November 29, 2017

Elevate Your Budgeting Process

The following article was written by c. myers and originally published by CUES on November 20, 2017. More and more credit unions are recognizing the value of elevating budgeting to expand strategic thinking and drive better business decisions.  The strategic budgeting process is an ideal avenue for connecting strategy, desired financial performance and risk appetite. To […]

November 9, 2017

Optimize Your Budget Business Intelligence

Given all of the time and rigor that typically go into the annual budget process, it makes sense to consider how that process might be improved and generate greater business intelligence for decision-makers.  Beyond creating a base budget, following these 6 steps can help take the budgeting process to the next level and provide leaders […]

October 4, 2017

The Equifax Data Breach and Some Important Considerations

The true consequences of the Equifax breach will remain unknown for quite some time to come. During our recent strategic planning sessions, the business impact of this breach has been a high priority for management teams. They are discussing various issues, such as: Should we change our account opening process? If yes, How should we […]

September 14, 2017

What-If Analysis In The Decision-Making Process – Test Your Hypothesis

Performing what-if analysis is an integral part of both the A/LM and budget processes. When used correctly, what-if analysis is a powerful way for decision-makers to understand the impact of items under consideration in real-time. The challenge is that often people dive right into modeling and results, producing a less than optimal process. Consider applying […]

July 12, 2017

Strategic Budgeting/Forecasting Questions: Connecting The Strategy

This last entry in our 6 blog series about Strategic Budgeting/Forecasting Questions addresses creating a more thorough understanding of the connections between strategies and the budgeting/forecasting process. Question 6 – What are other questions we should be asking? While this may at first seem like an open-ended consideration, the goal of this question is to […]

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