TRACK
7

Financial planning and performance management

Case study: How VELUX moved away from a traditional budgeting approach to successfully utilize “Beyond Budgeting” principles

Anders Reinhardt, VELUX
Wednesday, March 18, 2015
10:30 AM - 11:45 AM
Mouton 1

Hear firsthand how VELUX created a whole new set of planning tools and reports to support its revamped budgeting process. In this session:

  • Learn how VELUX approached its transition to “Beyond Budgeting” principles, a model that consists of 12 principles that redefine an organization's management model
  • Explore pitfalls that the company encountered, including those surrounding the establishment of a number of design teams responsible for designing and implementing the model
  • See live demos of the updated reports and models the company now utilizes
  • Hear what benefits the company has realized, including the ability to more quickly react to emerging threats and opportunities as they arise