NAFCU Webinar
Sep 01, 2020
Budgeting When Your Crystal Ball is Broken
Budgeting has never been more difficult. Some feel it is hard enough to figure out what will happen next week, let alone set targets for the following year. Others, although feeling challenged, are finding that understanding potential future paths create ideas and helps them take better actions today. Consider the mindset that you would want as you approach forecasting in this unprecedented environment. This webinar will prepare institutions to budget for 2021 and beyond as we cover: recent case studies to help demonstrate the importance of testing multiple financial paths; the budget time-frame and value of extending your time horizon; and how to bring the leadership team together and better connect the budget process to strategy.
Key Takeaways
- Understand the mindset shift in the approach to more dynamic budgeting
- Discuss examples of how to adjust communication to handle an unexpected environment
- Review a list of important ideas and what-ifs to consider when preparing your budget
C. myers will speak on Tuesday, September 1 at 2:00 pm ET.