IAFEI Quarterly - Special Issue

20 Materials contained in this publication may be freely quoted or reprinted, provided credit is given to the source : International Observatory of Management Control - DFCG – Decision Performance Conseil www.conseil-dpc.com Delays reduction projects are stable Publication deadlines remain stable vs. last year, after having increased strongly between 2015 and 2016. The time allocated to production remains important. Note that large and listed companies, under the constraint of information requests from the financial markets, tend to complete their reporting faster than non-listed companies. The re- porting is finalized in less than 10 days for 55% of the listed companies compared to 38% for non-listed companies. Simplifying the budget process After a shortening of the deadlines year after year, it is noteworthy that in 2017, 39% of the respondents plan to change their budget process. The main objective is to simplify it it by reduc- ing the number of iterations. This observation, which seems quite generalized, regardless of the size of the company, is even more significant in organizations with revenue exceeding 1B$. Those organizations are probably more often concerned by the implementation of major pro- cess reengineering projects. In addition, the need for simulations forces companies to simplify their budget model.